Bet-at-home has posted a steady set of numbers for the first half of 2025. Revenue was largely unchanged year-on-year, but the operator managed to grow earnings thanks to tighter cost control. The company said it is sticking to its full-year targets while preparing a stronger marketing push in the second half. See more details:

• Revenue steady: Gross betting and gaming revenue came in at EUR 25.3m for H1 2025, almost identical to the EUR 25.4m reported a year earlier. Net gaming revenue slipped slightly to EUR 19.7m (H1 2024: EUR 20.2m).

• Earnings up: EBITDA before special items climbed to EUR 3m, more than double last year’s EUR 1.2m. Operating profit reached EUR 1.9m, while profit before tax increased to EUR 2m.

• Costs trimmed: Marketing spend dropped to EUR 8.2m from EUR 10.3m in H1 2024, reflecting the absence of a major tournament. Staff costs stayed flat at EUR 4.2m.

• Core markets: Germany generated EUR 12.8m in Gross betting and gaming revenue (H1 2024: EUR 12.3m), including EUR 9.9m from sports and EUR 2.9m from casino. Austria added EUR 7.4m (H1 2024: EUR 7.9m), almost entirely from sports betting.

• Full-year outlook: Guidance remains unchanged at EUR 46m – EUR 54m in gross betting and gaming revenue and EUR 0 – EUR 4m in EBITDA before special items. Management plans to step up brand activity in the second half.

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