France Pari sees double-digit revenue growth
Operator's revenues rise 24% in Q3 2013 after B2B arm doubles " revenues predicted to rise again in Q4
French operator France Pari has announced year-on-year revenue growth of 24% for Q3 2013 after a strong performance in mobile and from its B2B arm Sportnco.
Company revenues rose to 3.25m in the quarter, up from the same period in 2.65 in 2012, with its new mobile offering accounting for 10% of wagers for the three months ended 30 September.
The operator’s B2B division Sportnco also continued its strong performance during the third quarter with revenues doubling compared to the same period last year. The company predicts double-digit growth again for the fourth quarter.
The latest results follow Sportnco’s recent three-year deal with Genybet to supply the French PMU subsidiary with its fixed-odds betting platform.
France Pari was granted a licence for fixed-odds sports betting in the dot.fr market in 2012, which complimented its existing horse racing product.
Last year also saw the operator agree a UK-facing B2B partnership with Groupe Partouche to relaunch the livebetting.com domain.