ukbetting PLC
12 January 2006
12 January 2006
ukbetting plc
Trading update
ukbetting plc (UKB.L), ('the Group') the online sports content and gaming
company, is pleased to report that trading for 2005 is in line with market
expectations.
Revenue has increased by 38%, year on year, with gross win at 11.2%, remaining
constant on 2004, despite a very poor run of sports betting results in the
second half. The Group finished the year with 332,000 gaming customers, growth
of 26% year on year, with over 50% coming through its content network. Casino
and poker revenues grew 65% and 78% respectively, and continued to reduce the
Group's dependency on sports betting.
Consumer advertising in the content network rose 9% over 2004, with 41% growth
in the second half. Monthly users for the content network were up 20% to 8.5
million over 2004 and the number of pages viewed rose 38% at 300 million. The
value of the content network is particularly emphasised during key sporting
events, such as the Ashes, when the Group's sites received 10 million hits per
day from cricket fans from around the world. With the continual increase in the
availability of broadband in the UK market, the Group is rebuilding its main
sites, namely sportinglife.com, football365.com, rivals.net and teamtalk.com to
include video screens to enable the use of video content and create further
advertising opportunities for our clients.
The Group's content network is becoming more and more valuable and since
removing competitive advertising from its group of sites, both the number of
customers driven organically to the gaming websites and the revenue per user has
seen a marked improvement.
-ends-
For further information contact:
ukbetting plc
Peter Dubens, Chairman 020 7766 6909
Financial Dynamics
Edward Bridges / Juliet Clarke / Hannah Sloane 020 7831 3113
This information is provided by RNS
The company news service from the London Stock Exchange
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