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Prices & Quotes - UK Markets - 888 Holdings (888)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 302.80p
Change Today:
-4.60p
Market Cap:
1,128.71m
Sector:
Travel & Leisure

Lockdowns, Euro 2021 a winner for 888 Holdings

By Frank Prenesti

Date: Wednesday 01 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Online betting group 888 Holdings reported record interim profits and lifted annual guidance driven by a spike in volumes during Covid lockdowns and the European football tournament.
The company on Wednesday reported a 39% rise in adjusted core profit to $97.4m for the six months to June 30. Revenue increased 39% to $528.4m.

Pre-tax profit rose to $57.9m from $50.9m a year ago. An interim dividend of 4.5c per share, up 41%, was declared.

888 had said it witnessed more bets being placed on England-Italy final during the Euro tournament than on any other sporting event.

However, revenues over the past two months rose by mid-single digit percentage compared with last year as the reopening of retail and leisure venues from lockdowns led to a slowdown in the rate of growth.

"The board remains mindful of the tougher comparables in the upcoming fourth quarter, a period that enjoyed an exceptionally strong performance in both betting and gaming revenues during 2020," 888 said.

AJ Bell investment director Russ Mould said achieving growth in the remainder of the year "could be a tough task for 888".

"Where 888 has fallen a bit behind its rivals is on taking advantage of opportunities across the Atlantic as sports betting has been legalised across several US states," he said.

"A partnership with media brand Sports Illustrated agreed in June doesn't feel like it has the heft of the ventures other UK betting firms have agreed with heavyweight casino operators."

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888 Holdings Market Data

Currency UK Pounds
Price 302.80p
Change Today -4.60p
52 Week High 478.00p
52 Week Low 272.50p
Volume 936,268
Shares Issued 372.76m
Market Cap 1,128.71m
Beta 1.06

Performance Indicators

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What The Brokers Say

Strong Buy 7
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 7
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

888 Holdings Dividends

  Latest Previous
  Interim Final
Ex-Div 16-Sep-21 25-Mar-21
Paid 13-Oct-21 24-May-21
Amount 4.50¢ 10.40¢

Trades for 03-Dec-2021

Time Volume / Share Price
16:35 249,339 @ 302.80p
16:29 106 @ 302.20p
16:29 22 @ 301.60p
16:29 829 @ 301.60p
16:29 41 @ 301.80p

888 Holdings Key Personnel

CEO Itai Pazner
CFO Yariv Dafna