Bet-at-home.com AG Anticipates Q3 Growth in Gaming

bet-at-home.com AG is poised to release its Q3 earnings on November 5th. Analysts at NuWays AG predict enhancements in revenue and profit, driven primarily by significant growth in the Gaming segment. The Gross Gaming Revenue (GGR) is expected to surge by 9.3% year-on-year, reaching €11.2 million. This uptick is attributed to improved betting margins and expedited growth in Gaming. Consequently, net revenue is projected to increase by 11.1% year-on-year to €8.5 million, benefiting from reduced tax liabilities due to a larger Gaming share.

Recent regulatory changes in Germany, permitting higher bet limits per spin, are anticipated to boost Gaming GGR by 23.6% year-on-year to €2.1 million. In Online Betting, a 6.4% year-on-year rise in GGR to €9.1 million is forecasted, supported by internal optimizations. Despite initial setbacks, volumes are gaining momentum due to enhanced marketing.

EBITDA before special items is also set to improve, with a projected value of € -0.5 million, compared to € -0.9 million in Q3 2025. This reflects effective cost management post-World Cup expenses.