The European online betting and gaming operator, bet-at-home, has reported a marginal decline in gross betting and gaming revenue for the first half of 2025.
The company’s revenue for the six-month period came in at €25.3 million (US$27 million), a slight decrease from the €26.1 million recorded in the same period last year.
The primary reason for the revenue dip was a reduction in betting stakes, which fell by 1.8% year-on-year to €336.5 million.
This was attributed to a more cautious approach from bettors, who were reportedly placing more selective wagers, particularly on major football events.
Despite the decline in overall stakes, the company did see a positive trend in the average number of bets placed per customer, which increased.
The online casino segment also faced headwinds due to ongoing regulatory adjustments in Germany, which continued to impact its performance.
Despite the slight revenue decrease, bet-at-home successfully maintained a positive EBITDA of €1.1 million, although this was down from the €2.5 million reported in H1 2024.
The company’s financial performance was supported by a significant reduction in marketing expenses, which were down 11.4% to €6.9 million.
Other operating expenses also saw a notable decrease of 17.2% to €7.9 million, reflecting the company’s focus on cost control and operational efficiency.
Looking ahead, bet-at-home has maintained its full-year revenue guidance of between €50 million and €60 million.
The company is optimistic about its prospects for the second half of the year, anticipating a boost in activity from the start of the major European football leagues and the implementation of new customer retention measures.
