I think Betfair owe us all a thank you

Betfair (BET) – Half Yearly Report

 Revenue up 26%, driven by strong customer base growth and successful Gaming cross-sell, as well as the World Cup and favourable sports results

 Excluding the World Cup and unusually high gross win margins, revenue was up 12%

 Strong revenue growth resulted in EBITDA up 51% to £73.9m

 Underlying free cash flow up 186% to £67.2m

 Active customer base up 50% to over one million following record activations and increased loyalty driven by our signature Cash Out and Price Rush products

 Mobile revenue more than doubled and now represents 70% of Sportsbook revenue

 Gaming revenue up 44% following a 63% increase in the number of Sports customers using Gaming products for the first time

 Betfair US revenue up 17% as TVG launches the first Apple approved US horseracing betting app

 Announcing a cash return of £200m to shareholders

 Interim dividend up 50% to 9.0 pence per share

 Increasing the medium term dividend payout target to approximately 50% of earnings

 Now expecting full year EBITDA of between £97m and £103m