The bet-at-home annual results for 2024 are in – and show clear growth. The company increased its gross betting and gaming revenue and outperformed its previous year’s numbers. The 2025 outlook, however, remains cautious due to tax changes and fewer sports events.
Gross betting and gaming revenue reached EUR 52.3 million in 2024. That’s up from EUR 46.2 million in 2023. The result falls within the forecast range.
EBITDA before special items amounted to EUR 4.8 million. This exceeded the upper end of the guidance range. In 2023, the figure stood at EUR 2.361 million.
Special items added back to EBITDA included EUR 825k in legal case costs and EUR 4.9 million in VAT provisions for Switzerland. An additional EUR 2.3 million came from revaluation of receivables from a liquidated subsidiary.
The consolidated result was a loss of EUR 4.4 million. That compares to a loss of EUR 1.5 million in the prior year. The special charges heavily impacted the bottom line.
2025 Outlook
For 2025, the company expects gross betting and gaming revenue between EUR 46 million and EUR 54 million. EBITDA before special items is projected between EUR 0 and EUR 4 million. This reflects a more cautious stance given upcoming changes.
From April 2025, Austria will increase its betting tax from 2% to 5%. As one of bet-at-home’s core markets, this will raise operational costs. Additionally, no major sports events like the 2024 UEFA Euro are scheduled for 2025.
Management remains alert to evolving conditions. Adjustments may be needed depending on market and legal developments. “Market conditions demand increased vigilance,” a company spokesperson said.
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