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BETFAIR (BET)     

mwoolgar - 12 Mar 2011 17:01

Guys

from your posts on here,there are obviously several who use Betfair

I note that again Betfair is off the air virtually all afternoon today and wondered on your views
Personally I find it apalling that a Stock Market Listed company has such frequent IT disruption. Whenever I suggest that they should have some form of resiliency it falls on deaf ears
No other IT service supplier would get away with such a pathetic service availability

Any views appreciated

HARRYCAT - 17 Jun 2015 08:17 - 18 of 18

StockMarketWire.com
Betfair's FY operating profits rose 53% to £120.2m with product and marketing investment driving record customer activity. Revenue rose 21% to £476.5m (FY14: £393.6m), with double-digit growth in each of Sports, Gaming and Betfair US.

Revenue growth was driven by a 52% increase in the number of active customers to 1,715,000 (FY14: 1,129,000), supported by a 65% increase in the number of new customers acquired in the year, as well as a focus on reducing customer churn.

EBITDA rose by 32% to £120.2m (up 53% excluding UK POC tax) and the proposed full year dividend is up 70% to 34.0 pence per share.

Chief executive Breon Corcoran said: "FY15 has been an excellent year for Betfair. We are successfully executing our strategy and achieving profitable scale in sustainable markets. Our investments are working, the business now operates at pace and our people have a strong will to win. "The financial year started with the World Cup, which allowed us to engage with many new and existing customers and gain trading momentum. This carried on throughout the rest of the year, culminating in record customer numbers and betting volumes at the Cheltenham Festival and Grand National meeting. "Product is a key reason why customers join and stay with Betfair. Important product improvements, including the extension of Price Rush to each way bets and Cash Out to in-running horseracing, helped to drive a strong performance during these key racing festivals. "We continue to invest heavily in the business. This year we spent c.£28m more on marketing and customer bonuses and added more than 60 people to our product development teams. "Our 'Tap Tap Boom' advertising campaign has been effective in showing the simplicity of using Betfair, especially through our market-leading mobile apps. We are sustaining our marketing investment throughout the upcoming season, including leading slots on Sky Sports and BT Sport's football coverage. "Betfair is well positioned for further growth and we look forward to building on these results in FY16."
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