UK-listed online gambling operator 888 Holdings has “never been so healthy in our lives,” according to CEO Brian Mattingley (pictured).
Mattingley said 888 was “on fire” after posting record profits in 2014. Revenue in the 12 months ending Dec. 31 rose 14% to $455m, adjusted earnings jumped one-third to $101m and profit before tax gained 28% to $68m. 888 shares rose nearly 4% on Tuesday to close at 158.5p.
B2C revenue rose 11% to $391m. Online casino revenue was up 16% to $220.6m while bingo gained 7% to $47m. 888’s poker vertical was flat year-on-year at $94m, although, given the negative state of the global online poker market, flat revenue represents something of a major victory. Active poker player ranks rose 8% in Q4.
888’s ‘emerging offerings’ rose 22% to $30m. This category includes 888’s Kambi Sports Solutions-powered sportsbook 888Sport, which reported revenue up 115% thanks in part to the 2014 FIFA World Cup. Mattingley called the sportsbook performance the “undoubted highlight” of 888’s 2014 report.