Kindred Group PLC has released its latest quarterly report revealing group revenues of £307.7 million (€357.8 million/$382.4 million) for the first quarter ending on March 31st 2024.
Key Highlights Q1 2024
- Total revenue – £307.7 million (€357.8 million/$382.4 million), up by 0.42%
- Gross winnings revenue (B2C) – £297.6 million (€346.07 million/$369.9 million), up by 0.1%
- Underlying EBITDA – £59.3 million (€68.9 million/$73.7 million), up by 20%
- Profit before tax – £39.8 million (€46.2 million/$49.4 million), up by 30.9%
- Profit after tax – £31.4 million (€36.5 million/$39 million), up by 22.6% Kindred Announces Q1 2024 Results Revealing Jump in Profits
- Free cash flow – £23.7 million (€27.5 million/$29.4 million) Kindred Announces Q1 2024 Results Revealing Jump in Profits
Following a solid start to the year we now have our eyes firmly set on a much sought after summer of sports with the UEFA Euros, the Copa America, and the Paris Olympics.”
The report confirmed that the closure of the company’s North American operations remains on track and is expected to be completed by the end of the second quarter of 2024.
Olivia Richardson
Olivia has worked as an editor and writer for major brands across multiple niches. She now focuses on the iGaming and sports betting industries.