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B90 Holdings PLC - Isle of Man-based company in the online gambling industry - Expects 2023 revenue and loss to be in line with market expectations, but notes that increased marketing and administrative expenses during the year are expected to result in an increased adjusted earnings before interest, tax, depreciation and amortisation loss. Credits several "key operational milestones" during 2023, which are expected to help B90 achieve profitability in 2024, it adds.
Chair Ronny Breivik says: "Our strategic refocus on B2B operations within the iGaming sector, particularly with the relaunch of Bet90.com and the outsourcing of operations at Spinbookie.com, underpins the shift in our business model. These initiatives are central towards achieving our target of profitability, and to driving shareholder, value in 2024. We remain committed to leveraging our industry experience and partnerships to deliver innovative solutions, driving our performance marketing and affiliate services."
Current stock price: 3.99 pence, down 6.1%
12-month change: up 39%
By Sabrina Penty, Alliance News reporter
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