STS, Poland’s leading betting firm, unveiled a report highlighting a dip in net betting income for the second quarter, despite a surge in wagering activity.
STS Earnings Decline Despite Elevated Wagering in Q2
Wagering activity rose by 1.0% year-over-year in the second quarter, reaching 1.11 billion Polish zloty, though the second quarter of 2021 encompassed the delayed Euro 2020. However, net betting income, encompassing betting levies and winnings, decreased by 16.6% to 138 million Polish zloty.
The firm boasted 375,000 active patrons in the quarter, a reduction from 417,000 in the corresponding period of 2021. Moreover, the firm reported 92,000 newly registered users, a decline of 22.7%, and 66,000 first-time depositors, a decrease of 19.2%.
Examining the initial six months of 2022, net betting income attained 296 million Polish zloty, marginally exceeding the equivalent period in 2022.
The operator’s overall wagering activity slightly diminished to 2.19 billion Polish zloty.
“We achieved commendable operational outcomes in the first half of the year,” stated Mateusz Juroszek, CEO of STS. “In comparison to the same period last year, we modestly augmented NGR – the value of customer wagers, less the payouts and betting and lottery levies.”
“It’s noteworthy that in 2021, Euro 2020 transpired during that timeframe.”
We anticipate a truly thrilling sports lineup in the latter half of the year, with the FIFA World Cup in Qatar being a pivotal component. This is expected to contribute to enhanced performance in our business operations, leading to improved financial outcomes.
Sign up for the iGaming newsletter.
