Hills hail ‘robust’ Q3 despite underwhelming online performance

UK bookmaker William Hill is hailing a “robust” third-quarter performance despite fairly underwhelming online gambling gains.  

In a trading statement issued Wednesday, Hills said its net revenue in the 13 weeks ending September 29 was down 9% from the 13 weeks ending October 1, 2019, while its year-to-date group revenue is off by one-quarter from the first 39 weeks of 2019.

The Q3 stats did demonstrate an “encouraging” bounce from the 32% revenue decline the company posted over the first half of 2020, a period that saw the total shutdown of its UK retail division and the suspension of major sports activity due to COVID-19.  

Hills’ online operations, which accounted for two-thirds of its H1 revenue, posted net revenue growth of only 4% in Q3, with the UK up 4% and international online rising 6%.