France-Pari Q3 revenues soar 28% YoY
Paris-based online betting operator records quarterly revenues of 4.1m as emphasis on mobile pays off
French sports betting operator France-Pari has recorded a 28% year-on-year increase in Q3 2014 revenues following a strong performance from both its mobile business and B2B arm.
The Paris-based company posted total revenues of 4.1m, up from 3.2m in the corresponding quarter last year, with EBITDA of 115,000.
France-Pari recently launched sportsbook Feelingbet on Android devices to add to its iOS and mobile web products with revenues mobile now accounting for nearly 30% of total revenues.
Revenues from the operator’s B2B business Sportnco almost tripled during Q3 2014 following the launch of three new platforms in the previous quarter.
In Q2 2014 Sportnco partnered with operators to launch numerous sites including zebet.fr and zebet.com, as well as a new Belgian site for French operator Pari Mutuel Urbain sports.eurotierce.be.
Horse racing pari-mutual stakes were down 20% YoY to 0.24m while sports betting stakes grew from 2.8m in Q3 2013 to 3.6m this year.
France Pari was granted a licence for fixed-odds sports betting in the dot.fr market in 2012, which complemented its existing horse racing product.