Kindred Group, the online gaming operator has announced its strongest ever fourth quarter with Gross winnings revenue at an all-time high of approximately £365 million (Q4 2019: GBP 236.2 million), representing annual growth of 55%.
The company said this has been achieved through continued strong activity across its markets and products, and record active customer numbers of 1.78 million, an increase of 11% compared to the same quarter last year.
Gross winnings revenue growth was also supported by a slightly higher than normal sports betting margin, which was approximately 10% compared to the long-term average margin of around 8.5%.
Underlying EBITDA for the fourth quarter of 2020 is estimated to be approximately £115 million (Q4 2019: GBP 30.7 million) which is significantly higher than the current consensus.
The company said the main contributing factors for this increase are the strong revenue growth, combined with Kindred’s continued focus on operational efficiency and costs.
The year’s end report for 2020 will be published on 10 February 2021.
Over the last 20 years, Kindred Group has brought together 9 of Europe’s most successful online gambling brands – forming one of the largest online gambling companies in the world.
They offer 27 million customers a great form of digital entertainment, fine-tuned to present an unforgettable experience in a safe and fair environment every day.
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