According to a press release, Kindred Group’s revenues in Q1 2024 were £307.7 million. For comparison, in the same period in 2023, the earnings were £306.4 million.
Profit before tax was £39.8 million. In the same period in 2023, the profit was £30.4 million. After tax, the profit remained at £31.4 million.
Throughout 2023, Kindred Group had revenues of £1.2105 billion. The company’s profit last year, after tax, was £47.2 million.
Kindred Group had a total of 1,667,564 active customers in Q1 2024. There was an increase compared to Q1 2023, when the total was 1,623,568. While the number of sports betting players remained similar, there was a 6% growth among casino players. The revenues generated by casino games also increased by 3% compared to Q1 2023.
Regarding the Romanian market, Kindred anticipates new investments to be made in promoting responsible gambling. The company has been running campaigns of this kind globally for years, and its mission is to generate zero revenue from at-risk players.
In a commitment to promote responsible gaming, Kindred offers numerous tools for users to set deposit limits and time spent on the platform. At the same time, advanced technological systems are used to identify and help at-risk players.
The report for Q2 2024 will be announced on July 24.
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