888 On Track for Strong Year as H1 Growth Drives Positive Outlook
The gaming firm, 888, appears poised to achieve its projected objectives for the current year.
A recent market update from the company indicated that its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) are anticipated to align with yearly forecasts. This positive outlook follows a robust initial six months, during which revenue surged by 19% and EBITDA rose by 8% in comparison to the corresponding period in the preceding year.
888 attributed this expansion primarily to its casino and sports wagering segments.
Chief Executive Officer, Itai Frieberger, remarked, “We are maintaining substantial headway in our growth strategy by expanding 888’s offerings across regulated markets, investing in our proprietary technology, and propelling further growth in our core business-to-consumer operations, spearheaded by casino and sports.”
He further noted, “The Group’s impressive results in 2016 thus far are a testament to 888’s fundamental strengths in customer relationship management, marketing, and business intelligence, bolstered by the dedication and passion of our highly skilled workforce. These strengths position 888 favorably to deliver sustained growth in the times ahead.”
