7moon24On the day, Swedish online gambling giantKindredThe Group announced its second quarter results, with revenue increasing year-on-year.7%to3.276billion pounds4.233billion), mainly due to the strong performance of the Western European market and the European Cup2024Excluding the North American business, which was closed during the reporting period, Group revenue increased year-on-year8%。
The bottom line of this quarterEBITDAIncreased32%to7360million pounds (9500Pre-tax profit increased by68%to5560million pounds (7190Mamimoto).B2CGross revenue from the business increased6%to3.172billion pounds4.1One hundred million U.S. dollars).
KindredThe company attributed the positive second quarter results to "faster growth in local regulated markets", including improved performance in Western Europe. The region drove the group's overall quarterly performance, particularly in the Netherlands (up17%), Belgium (growth12%) and France (growth41%）。
KindredChief Executive OfficerNils the SecondIt also stressed that the number of active customers in France has increased26%, thanks to the updatedUnibetWith the launch of applications and the improvement of user experience, the company has gained a larger market share.
AndIt isn"We saw particularly strong growth in our locally regulated markets, with gross revenue in locally regulated markets increasing by 1.3% year-over-year," said the company.10%(excluding North America12%）。”
“Sports betting activity has been strong in the second quarter, with the European Championship2024The favorable results, coupled with the increased customer engagement at the end of the seasonBet BuilderRecord share of activity, leading to the highest sports betting profit margins ever12.1%。”
In its report,KindredThe company highlighted lower marketing costs and higher ROI as factors driving the improved quarterly results, with marketing spend as a percentage of revenue increasing from2023Second quarter of the year9.9%Down to this year's8.4%The company's exit from the North American market played a key role in this decline.
for2024In the first half of the year, total revenue increased by4%to6.353billion pounds8.213One hundred million U.S. dollars),B2CGross revenue from the business increased3%to6.148billion pounds7.95billion).EBITDAIncreased26%to1.329billion pounds1.72One hundred million U.S. dollars).
