Profits rise as CEO reports merger progressing well

Betfair Paddy Power

Paddy Power Betfair posted their first set of interim results since merging in February, with the betting giants delivering double-digit revenue increases across all four sectors.

Created on February 2, Paddy Power Betfair reported a revenue increase of 18 per cent to £759 million for the six-month period ending June 30.

Ebitda (earnings before interest, taxes, depreciation and amortisation) grew 31 per cent to £181m, notwithstanding a £37m (31 per cent) increase in marketing spend.

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David BaxterReporter

Published on 24 August 2016inNews

Last updated 14:24, 24 August 2016

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