B2B drives France Pari Q1 revenues up 20%
SPORTNCO division doubles its revenues during the quarter as operator also eyes DFS expansion
France Pari reported a 20% year-on-year rise in Q1 revenues as the operator prepares to launch its first B2B product in the French daily fantasy sports (DFS) market later this year.
The Paris-based firm yesterday revealed group revenues had increased from ?5.1m in Q1 2015 to ?6.1m during the same period this year, driven by growth from both its consumer-facing and B2B businesses.
SPORTNCO, the company’s B2B division, increased its market share in France from 6% to an estimated 11% after revenues from B2B customers increased 100% and stakes soared 200%.
“A very strong commitment from our team has enabled such results and performance, which allow France Pari to look at new opportunities of development in France and abroad,” said Herv? Schlosser, France Pari CEO and founder.
One new opportunity includes the French DFS market which was recently sanctioned by the country’s regulator l’Autorit? de regulation des jeux en ligne (ARJEL).
France Pari is expected to add to its current fixed odds and pools betting portfolio with a new DFS offering later this year after establishing a new office in Lyon to create the product.