888 Holdings Plc's (LSE:888) revenues increased 38% year on year to £1.7 billion in 2023, while adjusted earnings saw a 41% increase to £308 million.
Despite these improvements, the William Hill owner still penned a post-tax loss of £56 million, a marked improvement from more than £120 million worth of losses in 2022. Losses per share came to 12.6p.
Chief executive Per Widerström struck an optimistic tone: “Having joined the company in October 2023, my conviction in the significant opportunity for the Group is stronger than ever...We have acted with pace, decisiveness, and urgency to build a clear strategy to deliver success.”
Looking ahead, first-quarter revenues are expected to be in the range of £420-430 million.
888, which cut its coming-year guidance for the year ahead in a January trading update, expects revenues to be "consistent with medium-term targets, with consistent growth in active players driving confidence in strong revenue growth online in both the UK and International segments".
888's shares were unbudged at 84p in early Tuesday exchanges.