Malta-licensed online gambling operator Unibet says profit fell nearly one-third in Q1 due to a combination of increased marketing costs and unfavorable currency exchange rates.
Unibet reported profit before tax falling 32% to £11.3m in the three months ending March 31, while earnings were down a similar percentage to £14.4m. Revenue was essentially flat at £76.1m although the company says that if those pesky currency fluctuations were eliminated, revenue would have risen over 15% …read more
Source:: Marketing costs blunt Unibet profits; Kambi Sports Solutions revenue up 29%
Marketing costs blunt Unibet profits; Kambi Sports Solutions revenue up 29%
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