{"id":67,"date":"2024-06-12T20:37:44","date_gmt":"2024-06-12T17:37:44","guid":{"rendered":"https:\/\/pokerstarsnodepositbonus.icu\/2024\/06\/12\/888-holdings-reports-strong-q2-2021-earnings\/"},"modified":"2024-06-17T12:57:00","modified_gmt":"2024-06-17T09:57:00","slug":"888-holdings-reports-strong-q2-2021-earnings","status":"publish","type":"post","link":"https:\/\/pokerstarsnodepositbonus.icu\/2024\/06\/12\/888-holdings-reports-strong-q2-2021-earnings\/","title":{"rendered":"888 Holdings Reports Strong Q2 2021 Earnings"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/2gkSA0Jc0Uk\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>888 Holdings experienced a stellar second quarter, with earnings soaring by 20% to reach $257 million. This surge was driven by robust results in 888&#8217;s primary territories, where income rose by 10% after accounting for exchange rate variations.<\/p>\n<p>The firm&#8217;s accomplishments were largely credited to its top-tier product portfolio, its sustained initiatives to acquire new clientele, and its continuous penetration into controlled markets. Notably, these regulated sectors now constitute a substantial 74% of 888&#8217;s total revenue. Although recent regulations in Germany did exert some influence, this was more than counterbalanced by exceptional outcomes in the UK, Italy, Spain, Romania, and Portugal.<\/p>\n<p>Analyzing the income sources, 888&#8217;s consumer-focused (B2C) division, encompassing its casino and sports wagering products, witnessed revenue escalate by 21% (11% after currency adjustments). Casino earnings ascended by a commendable 13%, while sports betting skyrocketed by an astounding 94%, primarily because numerous sporting competitions were postponed during the corresponding period last year due to the global health crisis.<\/p>\n<p>Conversely, 888&#8217;s business-oriented (B2B) segment encountered a minor decline in revenue, decreasing by 6% to $10 million. This was chiefly attributed to reduced profits from poker and bingo in comparison to the preceding year.<\/p>\n<p>In summary, 888&#8217;s second-quarter performance surpassed projections. The organization further reinforced its standing as a worldwide frontrunner in online wagering and gaming, particularly following the acquisition of a sports betting permit from German authorities. <\/p>\n<p>Although experiencing notable currency shifts in the recent quarter, 888&#8217;s leadership anticipates a robust latter half of the year as pandemic limitations ease worldwide. <\/p>\n<p>Chief Executive Itai Pazner conveyed satisfaction that the firm&#8217;s positive momentum from early 2021 persisted into Q2, even as expansion decelerated compared to the previous year due to challenging comparisons against 2020&#8217;s remarkable results. <\/p>\n<p>This progression was largely fueled by regulated sectors, highlighting the effectiveness of 888&#8217;s product approach, analytics-based promotions, and offerings.  Beyond their solid showing in established European territories, 888 achieved substantial progress in the United States, a crucial market for upcoming growth, by revealing a significant collaboration with Sports Illustrated. <\/p>\n<p>The debut of the SI Sportsbook represents a foundational element of 888&#8217;s US development plan.  The company&#8217;s directors maintain assurance that 888&#8217;s technological capabilities, product range, and market spread will propel ongoing achievements throughout 2021 and beyond. <\/p>\n<p>888 will publish their mid-year performance figures for the period concluding June 30, 2021 on September 1, 2021. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>888 Holdings experienced a stellar second quarter, with earnings soaring by 20% to reach $257&hellip;<\/p>\n","protected":false},"author":32,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>888 Holdings Q2 Earnings Soar 20% to $257 Million<\/title>\n<meta name=\"description\" content=\"888 Holdings posts impressive Q2 earnings, with a 20% surge driven by strong performance in key markets and strategic growth initiatives. 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