The company said this has been achieved through continued strong activity across its markets and products, and record active customer numbers of 1.78 million, an increase of 11% compared to the same quarter last year.
Gross winnings revenue growth was also supported by a slightly higher than normal sports betting margin, which was approximately 10% compared to the long-term average margin of around 8.5%.
Underlying EBITDA for the fourth quarter of 2020 is estimated to be approximately £115 million (Q4 2019: GBP 30.7 million) which is significantly higher than the current consensus.
The company said the main contributing factors for this increase are the strong revenue growth, combined with Kindred’s continued focus on operational efficiency and costs.
The year’s end report for 2020 will be published on 10 February 2021.
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