Earnings release
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$ millions¹ B2C Gaming B2C Betting Total B2C revenue B2B revenue Total revenue 888 Holdings Plc ( " 888 " or " the Group " ) Q3 2021 Trading Update Quarter of significant strategic progress for 888. Q3 performance underpins the Board's full year expectations 888 ( LSE : 888 ) , one of the world's leading online betting and gaming companies , announces a trading update for the three months ended 30 September 2021 ( " Q3 2021 " or the " Period " ) . Comparative figures in this trading update are provided in US $ on a year - on - year basis against the three months ended 30 September 2020 ( " Q3 2020 " ) , unless otherwise stated . Highlights 888 HOLDINGS Q3 : 1 July to 30 September 2020 174.6 31.7 206.3 9.3 215.6 2021 193.5 26.8 220.3 9.6 229.9 YOY % + 11 % -15 % + 7 % + 4 % + 7 % 19 October 2021 YTD : 1 January to 30 September 2021 2020 YOY % 622.3 491.9 + 27 % 107.1 75.8 + 41 % 729.4 + 28 % 28.9 + 7 % 758.3 + 28 % 567.6 27.1 594.7 Group revenue + 7 % ( + 3 % cc² ) driven by continued expansion in regulated markets , despite a tough comparator period due to the very strong growth in the prior year Strong performance in B2C Gaming was led by casino ; B2C Betting declined against a very strong outcome in Q3 2020 when the Group benefitted from the condensed calendar of sporting events following Covid - related disruption . Compared to Q3 2019 , B2C Betting revenue increased by 21 % Average daily actives³3 + 6 % year - over - year reflecting the continued success of the Group's product - leadership strategy and effective data - driven investments Key regulated markets delivered a strong performance , particularly Italy and Romania Announced the transformational acquisition of William Hill International , creating a global leader in online betting and gaming , with significantly enhanced scale and leading positions in key regulated markets Successful launch of SI Sportsbook in Colorado , utilising 888's in - house sports betting platform for the first time in the US Successful launch in the regulated German market under a newly issued sport licence , in line with the Group's strategy to achieve sustainable growth in attractive regulated markets Continued strong cash generation and robust balance sheet 1 Current trading & outlook The Group's Q3 2021 performance was in line with the Board's expectations . At the end of the Period and following policy changes published by the Dutch Gambling Authority ( the KSA ) , the Group took the decision to cease provision of services in the Netherlands from 1 October 2021. The Group continues to believe the Netherlands represents an attractive medium - term opportunity and intends to apply for a local licence in the coming months . Notwithstanding this unforeseen development within the Netherlands , the Board remains confident that the performance of the Group during the current year will be in line with its expectations . Looking ahead , the timing of any licence award within the Netherlands remains unclear , but the Group aims to be operational within the country during the second half of 2022. This temporary closure is expected to negatively impact 2022 EBITDA , post certain mitigations at Group level , by approximately $ 10 million , with no change in the Group's expectations for 2023 and beyond .