888 has released a further trading update confirming a 10% year-on-year decline in revenue to £405.0m ($494.4m) for the third quarter of its 2023 financial year.
The operator last month forecast a 10% drop in Q3 revenue due to a number of factors. These, 888 says, include compliance changes in dotcom markets, with slower recovery in customer activity and revenue than initially anticipated.
888 also references safer gambling changes in the UK and customer-friendly sports results in September. These, it said, impacted win margin across the UK and international.
Publishing its latest trading update today (18 October), 888 confirms this decline for the three months to 30 September. It also says the trends and drivers for this dip remain the same as in the previous update.
