(AsiaGameHub) –   LiveScore Group announced a smaller net loss for the fiscal year ended 31 March 2025, bolstered by robust revenue expansion, especially within its consumer-facing online gambling business.

Overall revenue grew by 15.3% year-over-year to reach £206.3 million. This growth was chiefly fueled by the B2C unit, which saw revenue jump 18.3% to £185.1 million. Revenue from software development also rose substantially, surging 50% to £2.1 million. Conversely, B2B advertising revenue dropped by 9.5% to £19.1 million.

The firm stated that its withdrawal from the Netherlands in November 2024, prompted by tighter advertising regulations and increased taxation, affected its results. Excluding the Dutch market, group revenue would have grown by 20.9% to £194.0 million.

Regionally, the UK continued to be the top-performing market, with revenue climbing 26.0% to £175.6 million. By comparison, revenue from the rest of Europe decreased by 29.0% to £16.0 million, mainly because of the Netherlands exit, while revenue from other global regions fell 14.0% to £14.4 million.

LiveScore said in its account:

This aligned with expectations and the broader growth strategy, as the company faced considerable costs related to expansion and marketing. The lower operating loss stemmed from a rise in gross profit that exceeded the substantial continued investment in marketing and the LiveScore brand.

Even with increased expenses, including £48.4 million in cost of sales, gross profit rose 14.3% to £157.9 million. The operating loss saw marked improvement, dropping to £26.7 million from £50.7 million in the prior year. Pre-tax loss also decreased to £27.8 million, and the net loss was £28.6 million, down from £48.9 million in FY24.

The company posted an EBITDA loss of £15.2 million, a significant recovery from the £38.8 million loss a year before. It linked the persisting losses to sustained spending on marketing and broadening the brand’s reach.

Analysts, such as those from Regulus Partners, pointed to the firm’s solid UK results, commenting that while building scale in a crowded sector is difficult, LiveScore’s approach of turning sports media viewers into betting and gaming customers holds potential for future value.