Sports betting operator and platform supplier France Pari posted its first profits in 2014 following four years of losses, as revenue climbed 43 per cent.
Profit (EBITDA) also rose - to €0.5m compared with a €0.2m loss 2013.
The company said profitability had mainly been achieved through the results of its B2B activity, Sportnco, for which revenues doubled in 2014, and also those of its sports betting operator activity which saw revenues rise 46 per cent.
Hervé Schlosser, founder and CEO of France Pari, said: “2014 has been a key milestone for our company, that proves its ability to turn profitable - a result few would have bet on when we started operating only on the French market in 2010.
“It shows how relevant our business model on B2B and B2C online betting activities for regulated markets is: the unique quality of our betting turnkey solutions has enabled us to acquire and keep more and more B2B customers over the years, while our direct link with punters as an operator is essential to develop solutions that are always up-to-date with their needs.”
