888 Anticipates Achieving Yearly Objectives
In a statement issued shortly before market closure, 888 declared that its adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) is poised to meet annual forecasts. This follows the company’s announcement of a 19% revenue surge in the initial six months compared to the corresponding period last year, accompanied by an 8% rise in EBITDA.
888 particularly emphasized its casino and sports wagering segments as key drivers of the robust first-half results.
CEO Itai Frieberger remarked, “We are sustaining substantial operational advancements toward our expansion strategy, broadening 888’s reach across regulated sectors, investing in our proprietary technological infrastructure, and propelling ongoing momentum in our primary B2C casino and sports betting-centric ventures.”
He continued, “888’s fundamental strengths in CRM, marketing, and business analytics have continued to bolster the Group’s solid performance throughout 2016, supported by the dedication and enthusiasm of our skilled workforce.”
Frieberger concluded optimistically, affirming that these advantages position 888 favorably “to deliver sustained expansion moving forward.”
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