sur Bet-at-home.com AG (ETR:ACX)
Bet-at-home.com AG: Q3 2026 Performance Review
bet-at-home.com AG has reported its Q3 2026 financial results, showing a mixed performance. The company's online gaming grew strongly, outperforming expectations, while online betting remained steady. Overall, the company recorded a moderate increase in Gross Gaming Revenue (GGR) of 5.6% to €10.8m, with net revenue rising by 7% to €8.1m.
Online Gaming GGR saw a significant surge, increasing by 33.3% year-on-year to €2.3m. This growth was attributed to a favorable response to regulatory changes in Germany. Meanwhile, Online Sports Betting GGR remained flat at €8.6m, with customer engagement still recovering.
The company adjusted its FY26 guidance, reflecting a slight reduction in expected revenues due to additional marketing investments. NuWays AG maintains a "BUY" recommendation with a target price of €4.7, anticipating a recovery in FY27 driven by strategic initiatives and the launch of new offerings.
R. H.
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