888 On Track to Meet Full-Year Targets Following Strong H1 Performance
888 Anticipates Achieving Yearly Objectives
In a recent market update before closing bell, 888 declared that it projects its adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) to align with the goals established at the year’s commencement. This follows the company’s announcement of a 19% year-over-year revenue surge for the first two quarters, accompanied by an 8% EBITDA increase.
888 emphasized the success of its casino and sports wagering segments, attributing them as the principal growth catalysts for the initial six months.
CEO Itai Frieberger conveyed his contentment, remarking, “We maintain substantial advancement toward our expansion strategy, broadening the 888 brand into regulated sectors, investing in our proprietary technological infrastructure, and propelling ongoing momentum in our core B2C operations, spearheaded by casino and sport.”
He further underscored the company’s assets, adding, “The group’s robust performance in 2016 is a testament to 888’s fundamental strengths in client relationship management, marketing, and business acumen, further bolstered by the commitment and enthusiasm of our skilled workforce.”
Frieberger concluded on a hopeful note, stating, “These advantages mean 888 remains well situated to deliver sustained growth moving forward.”
