H1 2022 FL Entertainment reports 396 6m in gaming revenue

FL Entertainment, a European digital entertainment and iGaming company, has generated €396

FL Entertainment, a European digital entertainment and iGaming company, has generated €396.6m (US$388.5m) in sports betting revenue for H1 2022.

This represented a drop-off of 3% year-on-year, a declination the companion attributes to a quieter sports calendar inward 2022 compared to 2021.

Managed by FL Entertainment's Betclic Everest Group, the group says the impact of lockdowns in 2021 proved prescribed for concern when it operated Bet-at-home. The company has since discontinued some Bet-at-home activities from 2021.

However, FL Entertainment also offers cognitive content production & distribution through Banijay Group, which generates the majority of the company’s revenue.

Through Banijay, FL Entertainment generated €1.17bn inward H1 2022, upward 25% on the €929.4m made the previous year.

In total, the company made a combined €1.80bn, up 19% year-on-year when method of accounting for Banijay’s gains and Betclic Everest’s losses.

FL Entertainment CEO François Riahi said: “During H1 2022, FL Entertainment delivered double-digit revenue and EBITDA development thanks to a strong post-Covid retrieval in content production and increased dispersion revenues.

“Our sports betting & online gaming business performed well and continued to appeal unexampled players, despite the quieter sports calendar in the first-class honours degree half. Based on the strength of our H1 performance, we are confirming our revenue and earnings targets for 2022, as intimately as our mid-term outlook.

“FL Entertainment's listing inward July 2022 is the embark on of a young chapter for our business sector and we are delighted to start lifetime as a publicly-traded companionship with such warm momentum.”