888 Holdings PLC (LSE:888) shares fell 4% on Friday after the William Hill owner confirmed revenues fell last year and said its finance chief was leaving.
Shares in the company dropped to 88.95p in morning trade, and are down 69% over the past 12 months.
Results for 2022 and guidance for 2023 were consistent with what the company said at its recent investor day.
New information was that chief financial officer Yariv Dafna and the board have "mutually agreed" that he will step down following the publication of the final results.
Total revenue fell by 3% in the final quarter of 2022 to £458mln, with online sales down 5% but the smaller retail arm aside from William Hill was up 5% year-on-year.
For the full-year, the company's top line was also down 3% to £1.85bn, with online down 15% to £1.3bn but retail up 54% to £519mln.
The results excluded 888 Bingo, for which a sale was completed on 7 July. The acquisition of William Hill was completed on 1 July last year.
Analysts at City broker Peel Hunt said 888 "remains highly leveraged, but with a credible plan to extract the synergies from the William Hill acquisition to grow profits and reduce debt. Once there is clarity from the UK Government in relation to regulation in 888's biggest market, we expect the market to positively reassess 888."