bet-at-home has encountered difficulties during the first quarter of the year, as its total group revenue declines by over 50% to €14 million [$15 million].
However, the Dusseldorf-based betting and gaming operator maintains that this figure – despite representing a 54% decline on Q1 2021 revenues of €30 million – is still indicative of a strong start to the year.
Recorded EBITDA, meanwhile, was also a loss of €1.4 million – down from €7 million achieved last year – whilst sports betting revenue stood at €12.6 million and gaming revenue reached just €1.3 million.
In particular, the group noted challenges in its home market of Germany following the implementation of the Fourth Interstate Gambling Treaty.