mybet Holding SE reported consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, a total of approximately EUR 34.7 million was generated from sports betting, casino and B2B business compared to EUR 40.9 million a year ago, 15.2% less than in the same period of 2015. The company consolidated revenue of EUR 10.7 million compared to EUR 12.1 million and consolidated LBIT of EUR 0.6 million compared to loss of EUR 4.6 million a year ago.

For nine months, EBITDA amounted to around loss of EUR 1.6 million compared to loss of EUR 1.5 million a year ago. Earnings before interest and taxes (EBIT) including the one-off effect from the sale of the investment in pferdewetten.de AG came to EUR 4.2 million, marking a very substantial improvement compared to loss of EUR 6.4 million a year ago. Net profit amounted to approximately EUR 3.4 million compared to loss of EUR 4.4 million a year ago.

Based on the business development described above, the Management Board adjusted its revenue forecast for 2016 to a range of EUR 43 million to EUR 46 million. The EBIT forecast remains unchanged with EBIT (including the effect from pferdewetten.de AG) in the positive low single-digit million.