888 Forecasts 2020 Revenue and Earnings Spike

Record revenues for December are expected to see 888 Holdings post better-than-expected financials for 2020. 

The London-listed online betting operator confirmed it expects revenue and earnings before interest, tax, depreciation and amortisation (EBITDA) to be “moderately ahead of expectations”. 

888 Holdings recorded $371.9m revenue and EBITDA of $70.1m for the first half of 2020, and last month predicted a 45% rise in full-year revenue. 

Continuing their recent “strong performance”, December not only saw their highest ever revenue for a month but also the highest number of active customers. 

In a statement, 888 Holdings insist they are “well-positioned to deliver further progress“, however, the board explained that it was “mindful of possible headwinds over the coming months” in reference to the ongoing coronavirus pandemic as well as “regulatory uncertainties” they face in several countries.