Paddy Power Betfair Profits Published For The First Time

paddy power betfair logoFor the first time since their momentous merger back in February this year, Paddy Power Betfair have released their financial results. Both companies have agreed on the merger since October 2015.

The profit results were reported both separately and combined by each company, to give us a clearer view of what they're individually bringing to the partnership. Paddy Power has figures throughout the whole 2015 period. Betfair released figures for the final 3 months of 2015, ending on the 31st January. The combined figures were for the entirety of 2015.

Paddy Power Betfair Breakdown

This is everything we know about Paddy Power and Betfair individually and as a complete merger.

Paddy Power Earnings

Paddy Power's reported net revenue for 2015 caPaddy Power Logome in at €1.09 Billion, which is the first time they've ever managed to pass over the Billion dollar mark. This is a 24% increase in their profits from previous years.

Paddy Power saw similar rises across the board when it came to every aspect of their profits.

  • Their profit before tax increased by 8% to €179.7 Million
  • Operating profit increased by 10% to €180.4 Million
  • Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) went up by 10% as well
  • Share values went up by 12% to 332.8 cents

Play at Paddy Power Casino!

Betfair Earnings

Betfair Casino LogoBetfair had much less growth than Paddy Power individually, however, there was a lot less information given when it came to their earnings and the time frame given. Overall, Betfair's profit went up by 21% this year to £138.3 Million, having increased by much the same in previous years.

Not all areas of the company are showing to be increasing steadily, with the EBITDA of the company only shifting slightly from 23.6 Million to £26 Million.

Play at betfair casino now!

Paddy Power Betfair Earnings

Because of the differing slices Betfair Paddy Power mergerof data that have been released, it makes it hard to get complete the picture of who's putting what into the merger.

What we do know is, that as predicted by the size of the giants that make up the company, it's still got the largest net revenue of any company in the industry.

The total net revenue for Paddy Power Betfair came to £1.32 Billion, with £748 Million coming from their online sectors, making up 72% of the total net revenue.

The profits were equally impressive, totalling £1.01 Billion, with an EBITDA of £295.7 Million.

About Harvey

Harvey joined us back in 2015 and has spent his time with us creating our videos, searching out the most interesting news stories and and drafting up helpful guides to aid you in all areas of the gambling world. Whether you're looking for something helpful like a guide to mobile depositing, or something light like a top 5 list of the craziest gambling losses; Harvey will deliver it free of any pointless extra fluff.

Industry News

Nothing happens in isolation, and never is that more true than with mobile casinos. What happens behind the scenes at casinos, developing houses and throughout the industry has a direct knock-on effect on the experience of players.

This is why we have a dedicated section of our site in which we look exclusively at industry news, and try and track the goings on and industry trends what matter to you – the player.

Leave a Reply

Your email address will not be published. Required fields are marked *