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B90 shares jump as expects to post positive earnings growth for 2024

ALN

B90 Holdings PLC saw its shares jump on Tuesday as it reported positive trading for 2024, after performing ‘well’ in its fourth quarter.

Shares in the Isle of Man-based company in the online gambling industry were up 8.3% at 2.98 pence in London on Tuesday afternoon.

The group said it expects to at least meet current market expectations on an earnings before interest, tax, depreciation and amortisation level for 2024.

It anticipates ‘further growth’ in 2025, citing operational efficiency.

B90 did not on Tuesday outline what it believes the current market consensus to be.

Chair Ronny Breivik said: ‘2024 was a truly transformative year for B90. Maintaining positive Ebitda in every single month is an achievement that reflects the resilience of our business model and the incredible hard work of our team. Our strategic pivot to a B2B-focused operation is not just delivering short term results - it is more than anything positioning us for long-term success.

‘We will build on the massive groundwork done, and we remain focused on building exceptional value for both our shareholders and B2B partners. Our ability to thrive amidst challenges is proof that B90 is stronger and more innovative than ever. We approach 2025 with continued confidence and optimism.’

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