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Investments in headcount, infrastructure and new market entries pushed bet365 to an annual net loss despite an increase in revenue. The Stoke-based operator reported £3.39bn in revenue for the financial year ending March 2023, up 19% from 2022's £2.85bn.
bet365 financials data including stock price, CreditSafe score, income statement, balance sheet, cash flow, and acquistions and subsidiaries.
Bet365, one of the world's largest and most well-known companies in the gambling industry, released its profit reports for the 2023 fiscal year. According to the available data, the company reports an increase in overall earnings, but a failure to secure profits.
The analyst's take: Bet365's 2022-23 financial results. A key theme of Bet365's revenue report for FY2022-23 was its investment into the US market. Ed Birkin, senior analyst at H2 Gambling Capital, believes this outlay could end up paying dividends.