15-11-2007 Bwin posts EUR 5.1m loss after tax

The Austrian bookmaker reported a 20 per cent increase in total revenues for the third quarter 2007 to EUR 86.2 million, with sports betting revenues up 15 per cent to EUR 47.3 million and a sports betting margin of 8.5% (Q2 2006: 7.2%). Reduced marketing expenses, which in Q3 2007 were down by 44% to EUR 29.1 million, allowed Bwin to narrow its loss after tax for the quarter to EUR 5.1 million, compared to a loss of EUR 22.6 million for the same period the previous year.

Compared to Q2 2007, the number of active customers rose 9.0% to 827,000 in Q3 2007. A total of 192,000 of these customers became active for the first time, an increase of 10.8% compared to Q2 2007.

The cost (including bonuses) per new active customer was EUR 196.5, up 3.8% compared to Q2 2007, whilst net gaming revenues per active customer increased by 4.3% to EUR 91.3 in Q3 2007 compared to the previous quarter.