888 Holdings Posts Trading Update

Online betting firm 888 Holdings has posted a trading update where they shared that they’re expecting EBITDA (earnings before interest, tax, depreciation, and amortization) to come in higher for the full-year 2020 when they publish their full-year fiscal results.

The company said that they had their highest total ever for revenue and active customers in December, and they noted that they had a very strong performance during the last quarter of the year. Previously, 888 had indicated that they were expecting revenues to rise by about 45% for the full-year.

888 didn’t give a more in-depth look at their financials, but they will be giving a full look when they publish their full-year financial results, which Casino Listings will be publishing. The group did note that the first quarter does have the possibility of some roughness, as Covid and economic uncertainties are both factors that could hurt 888’s bottom line.

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