For
release: 07.00, 4 February 2025
B90 Holdings
plc
("B90" the "Company" or the
"Group")
Trading
Update
B90 Holdings plc (AIM: B90), an
online marketing company for the gaming industry, specialising in
customer acquisition, is pleased to provide a trading update for
the year ended 31 December 2024, ahead of the publication of its
full-year audited results. Since the Company's H1 2024
results were announced on 23 September 2024, the Company continued
to trade well during the final quarter of the year, remaining
EBITDA positive for every month of 2024. The Company expects to at
least meet current market expectations at EBITDA level for FY 2024,
with further growth anticipated in FY 2025 as the operational
efficiency of its business model continues to drive
performance.
Building on this momentum, the
Company anticipates further organic growth in FY 2025, underpinned
by its streamlined operational model and innovative marketing
initiatives, driving customer acquisition and positive results for
over 200 partners, including major brands like Bet365 and
Stake.com. Focus remains on organic growth, as marketing-led
customer acquisition and B2B partnerships continue to yield
positive results.
The Company's continued shift to a
B2B-focused model in H2 2024 has proven instrumental in driving
increased EBITDA profitability. By outsourcing its remaining legacy
online sportsbook and casino operations to a white-label solution,
B90 has been able to optimise (and therefore significantly reduce)
operating costs and concentrate its resources on performance
marketing.
Ronny Breivik, Executive
Chairman of B90 Holdings plc, commented:
"2024 was a truly transformative year for B90. Maintaining
positive EBITDA in every single month is an achievement that
reflects the resilience of our business model and the incredible
hard work of our team. Our strategic pivot to a B2B-focused
operation is not just delivering short term results - it is more
than anything positioning us for long-term
success.
"We will build on the massive groundwork done, and we remain
focused on building exceptional value for both our shareholders and
B2B partners. Our ability to thrive amidst challenges is
proof that B90 is stronger and more innovative than ever. We
approach 2025 with continued confidence and
optimism."
- ends -
The information communicated in this
announcement is deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulation (EU)
No. 596/2014 as it forms part of United Kingdom domestic law
by virtue of the European Union (Withdrawal) Act 2018, as
amended.
For
further information please contact:
|
B90
Holdings plc
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+44
(0)1624 605 764
|
|
Ronny Breivik, Executive Chairman
Marcel Noordeloos, Finance Director
|
|
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Strand Hanson Limited (Nominated Adviser)
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+44 (0)20
7409 3494
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James Harris / Richard Johnson / Rob
Patrick
|
|
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Zeus
(Broker)
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+44 (0)20
3829 5000
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Louisa Waddell / Simon
Johnson
|
|
|
Rosewood (Financial PR & IR)
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+44 (0)20
7653 8702
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John West / Llewellyn Angus / Lily
Pearce
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