Paddy Power Betfair Results for 2015 Show Reduced Investment in Poker
Key Takeaways
  • The first joint results issued since Paddy Power and Betfair merged in February show that both companies experienced strong revenue growth in 2015. Reduced expectations from online poker resulted in action to save costs in both the poker and bingo business verticals.
  • Paddy Power’s 2015 revenues grew by 24% to exceed a billion euros at €1,094 million. Operating profits were up by 10% at €180 million.
  • Betfair’s revenues grew by a slightly lower 21%, but the figure refers only to its third quarter results, as its financial year was not due to end until April 2016.

The first joint results issued since Paddy Power and Betfair merged in February show that both companies experienced strong revenue growth in 2015. Reduced expectations from online poker resulted in action to save costs in both the poker and bingo business verticals.