888 Holdings Q3 Revenue Rises; Says Temporary To Negatively Impact FY22 EBITDA

888 Holdings Plc. (888.L), an online betting and gaming company, reported Tuesday that its third-quarter total revenue increased 7 percent to 229.9 million pounds from last year's 215.6 million pounds.

In its trading update for the three months ended September 30, the company said its performance was in line with the Board's expectations.

Total B2C revenue grew 7 percent from last year to 220.3 million pounds with strong performance in B2C Gaming led by casino, despite weak B2C Betting.

B2B revenue increased 4 percent.

Looking ahead, the company said the timing of any licence award within the Netherlands remains unclear, but the Group aims to be operational within the country during the second half of 2022.

This temporary closure is expected to negatively impact 2022 EBITDA, post certain mitigations at Group level, by approximately $10 million, with no change in the Group's expectations for 2023 and beyond.

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