888 announces with its interim results, that its board of directors have approved an interim dividend comprising 3.2¢ cents per share plus an additional one-off 2.8¢ cents per share bringing the total to 6.0¢ cent per share to holders of 888's ordinary shares.
The board of directors have approved a record date of 9 October 2020 and a payment date of 4 November 2020. The shares will be quoted ex-dividend on 8 October 2020. Holders of shares may elect to reinvest their interim dividend. The last day to elect for the dividend reinvestment plan will be 9 October 2020.
Holders of shares in certificated form and holders of depositary interests will receive the dividend in pounds sterling. Conversion between the declared USD rate and GBP will take place on 27 October 2020.
Other financial highlights include:
Group revenue increased 37% to US$379.1 million (H1 2019: US$277.3 million).
o B2C Revenue increased 38% to US$361.3 million (H1 2019: US$262.5 million);
Casino revenue increased 48% to US$260.0 million (H1 2019: US$175.4 million);
Poker revenue increased 56% to US$36.1 million (H1 2019: US$23.1 million);
Sport revenue decreased 1% to US$44.1 million (H1 2019: US$44.5 million); better than expected customer reaction to the gradual return of sports events in the summer with Sport revenue during June 59% ahead of the prior year;
Bingo revenue increased 8% to US$21.1 million (H1 2019: US$19.5 million);
o B2B revenue increased 21% to US$17.8 million (H1 2019: US$14.8 million);
Revenue from regulated and taxed markets represented the significant majority of Group revenue at 73% (H1 2019: 74%).
Adjusted EBITDA increased 56% US$70.1 million (H1 2019: US$44.9 million); the Adjusted EBITDA margin was 18.5% (H1 2019: 16.2%); EBITDA for the period amounted to US$72.1 million (H1 2019: US$40.0 million).
Profit before tax increased 130% to US$50.9 million (H1 2019: US$22.2 million); Adjusted Profit before tax was US$50.4 million (H1 2019: US$27.1 million).
Basic earnings per share increased to 12.4¢ (H1 2019: 5.4¢ per share); Adjusted basic earnings per share was 12.2¢ (H1 2019: 6.7¢).