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888 HOLDINGS 28 April 2021 888 Holdings Plc ( " 888 " or " the Group " ) Q1 2021 Trading Update Revenue growth of 56 % driven by strong growth in regulated markets 888 ( LSE : 888 ) , one of the world's leading online betting and gaming companies , announces a trading update for the three months ended 31 March 2021 ( Q1 2021 ) . Comparative figures in this Trading Update are provided in US $ on a year - on - year basis and in constant currency against Q1 2020 , unless otherwise stated . $ millions B2C revenue B2B revenue Total revenue Q1 2021 Q1 2020 YoY % 262.8 156.9 67 % YoY % at constant currency 57 % 9.7 7.7 27 % 20 % 272.5 164.6 66 % 56 % • • Revenue growth of 56 % , driven by product - leadership strategy , long - term positive customer acquisition trends , and continued expansion in regulated markets B2C revenue increased 57 % to $ 262.8 million , led by growth in Casino ( 68 % ) and Sport ( 53 % ) , with continued growth in both Poker ( 10 % ) and Bingo ( 8 % ) Successful deployment of 888's in - house sports betting platform , which is now delivering the majority of sports volumes Control Centre , 888's innovative safer gambling suite , has continued to roll out across further products and countries as part of 888's ongoing investment in safer gambling initiatives 27 % growth in average daily first time depositors ( " FTDs " ) , and 18 % increase in funded active players¹ Growth driven by regulated and taxed markets , which contributed 76 % of revenue ( 2020 : 73 % ) , with strong growth in the UK , Italy , Spain , Romania and Portugal Strong cash generation and robust balance sheet Outlook The first quarter performance was ahead of board expectations , with continued strong momentum across the business , and favourable exchange rate movements . For the remainder of 2021 , year - on - year trends will be impacted by a tougher comparative period , the previously disclosed expected impact of regulatory and compliance changes , and the impact of the reopening of retail and leisure venues across our markets . The Group continues to increase investment in product and marketing to support its long - term growth plans , and as a result , the Board expects adjusted EBITDA for the full year to be broadly consistent with the prior year , despite increased investment in US B2C expansion . Itai Pazner , CEO of 888 , commented : " The strong momentum in 2020 has continued into the first quarter of 2021 , with a new all - time - high for FTDs and revenues , although year - on - year trends were partly inflated by the disruption to sporting events at the end of the prior year period , and increased demand for digital entertainment during this period across our main markets . Our differentiated products and our data - driven marketing continued to underpin strong progress , supported by a favourable industry backdrop . We are particularly pleased with the strong performance of our new proprietary 888sport platform , which is already servicing the majority of bets while maintaining strong customer service levels and highly effective risk management and trading . We are excited about the US , where we plan to roll out sports into further states in the next few months , and launch our upgraded poker platform into further states in partnership with Caesars and their leading and hugely popular WSOP brand . Funded active players are B2C players that wagered a positive amount during the period , and have placed at least one deposit during their lifetime