OpenBet
Financials
Estimates*
EUR | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
---|---|---|---|---|---|---|---|
Revenues | 68.4m | 117m | 82.1m | 50.4m | 54.7m | 58.8m | 49.2m |
% growth | 2 % | 70 % | (30 %) | (39 %) | 9 % | 8 % | (16 %) |
EBITDA | 28.8m | 31.1m | 25.9m | 17.7m | (9.8m) | (24.6m) | (15.5m) |
% EBITDA margin | 42 % | 27 % | 31 % | 35 % | (18 %) | (42 %) | (32 %) |
Profit | 16.8m | 27.6m | 21.5m | 11.1m | (24.4m) | (42.0m) | (35.7m) |
% profit margin | 25 % | 24 % | 26 % | 22 % | (45 %) | (71 %) | (73 %) |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
€270m Valuation: €270m 3.9x EV/LTM Revenues 9.3x EV/LTM EBITDA | Acquisition | ||
$1.2b Valuation: $1.2b 18.5x EV/LTM Revenues -44.3x EV/LTM EBITDA | Acquisition | ||
Total Funding | - |
Recent News about OpenBet
EditOpenBet is a premier technology provider in the sports betting industry, delivering cutting-edge platforms and compliance solutions to a diverse range of clients including sportsbooks, casinos, and lottery operators. Operating in the global sports betting market, OpenBet serves clients such as Danske Spil, Tabcorp, and Sazka, enhancing their user experience and operational efficiency. The company’s business model revolves around providing robust, scalable, and secure betting platforms powered by advanced technologies like Amazon Web Services (AWS). OpenBet generates revenue through licensing its technology, offering managed services, and providing compliance solutions such as geolocation, responsible gaming, anti-money laundering (AML), and fraud detection. The company is known for its ability to handle high-volume betting activities, as evidenced by its record-breaking performance during major events like the Grand National. OpenBet's strategic partnerships and acquisitions, such as its integration with Endeavor and IMG ARENA, further solidify its position as a leader in the sports betting ecosystem, enabling it to unlock significant value for its clients and deliver compelling offerings for sports fans.
Keywords: sports betting, technology provider, compliance solutions, AWS, geolocation, responsible gaming, AML, fraud detection, high-volume betting, strategic partnerships.