Rank delivers 'ongoing growth and momentum' in Q3
By Iain Gilbert
Date: Thursday 10 Apr 2025
(Sharecast News) - Bookmaker Rank said on Thursday that it had delivered "ongoing growth and momentum" across all business units in Q3, with like-for-like revenues up double digits.
Rank said group like-for-like net gaming revenues grew 10.9% to £195.6m in Q3, with year-to-date NGR up 12.2% year-on-year. On a channel basis, digital like-for-like NGR was up 15.4% in Q3 and venue like-for-like NGR was up 9.1%.
Grosvenor venues revenue was up 14.4% year-to-date, while Mecca and Enracha venues saw a 4.8% and 5.9% increase in NGR, respectively.
Chief executive John O'Reilly said: "Since announcing our interim results in January, we have continued to deliver strong growth and expect to deliver Group like-for-like operating profit for the full year in line with expectations. This is notwithstanding the uncertain economic environment and the significant cost and regulatory headwinds that we face from the start of Q4 (1 April 2025)."
As of 1000 BST, Rank shares were up 3.08% at 80.40p.
Reporting by Iain Gilbert at Sharecast.com
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