bet365 Group has seen its year-on-year growth drive come to an end, as the betting group could not escape 2020 pandemic circumstances.
Filing its 2019/2020 corporate accounts, the Coates family-owned business disclosed group revenues of £2.8 billion, down 8% on corresponding 2018/2019 results of £3 billion.
The Stoke-based operator’s trading momentum was derailed by COVID-19’s suspension of the global sports calendar implemented from March 2020 onwards.
Furthermore, bet365 financial results resided against tough 2018 comparatives, which featured FIFA World Cup trading, as bet365 accounts disclosed that trading volumes fell by around 8%.
Despite its revenue impacts, bet365 revealed that its active customer base increased by 4%, recording strong growth in the markets of France, Poland and Portugal.
