Subscribe

Subscribe

Join the network of executives who receive our fortnightly newsletter, as well as occasional musings and thought pieces from the industry.

Gambling


Paddy Power Betfair reports revenue and profit rise for 2016 ahead of next week's Cheltenham festival

Friday 10th March 2017


Revenue grew 18 per cent to £1.55bn from £1.32bn in 2015 on a pro-forma basis, while statutory revenue rose from £794m to £1.5bn.

Underlying operating profit grew by 44 per cent to hit £330m, pro-forma, compared with £229m the previous year, however, on a statutory basis profit dropped to £15m from £125m.

More from www.cityam.com…