Betfair Announces 56% Rise in Profits as New Strategy Proves Sustainable
Key Takeaways
  • Betfair’s half year results show underlying profits at £32.5m, a full 56% higher than the same period last year.
  • In May this year, a bid for Betfair by private equity company CVC was finally rejected b—the price offered was £9.50. The company’s share price is now over £10.80.

Betfair’s half year results show underlying profits at £32.5m, a full 56% higher than the same period last year. Total revenues are down from £200m to £188m after a strategy that saw the company exit some of its markets—Germany, Greece and Cyprus.