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Betfair Group PLC Issues FY 2013 Guidance Above Analysts' Estimates


Tuesday, 7 May 2013 02:00am EDT 

Betfair Group PLC announced that for fiscal 2013, it expects group revenue was approximately GBP387 million (FY 2012:GBP388 million), ahead of guidance. The outperformance was driven by stronger than expected UK sportsbook revenues, particularly via the mobile channel, and revenue resilience in countries where the Company have ceased marketing. Group's underlying EBITDA was also higher than guidance at approximately GBP73 million (FY 2012: GBP86 million). This was driven primarily by the better revenue performance. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of GBP380 million and EBITDA of GBP71 million for fiscal 2013. 

Company Quote

1168.0
13.0 +1.13%
11:39am EDT