Katie Bromyard
05 Mar 2015
Great Brilliant Betfair. Flying today and all down to the new management. Well done guys.
pharmaspecialist
05 Mar 2015
Cautionary note Whilst I am pleased to see the apparently continuing improvement in the performance of Betfair and today's euphoria in the share price, I can't help but feel a little discomforted by the company's keeness to present EBITDA rather than earnings as its measure of success. I note that there is no mention of earnings projections in the press release I have seen today, just EBITDA. I had to go to page 21 of the 2014 Annual Report to find that earnings in 2014 were £51M, yet underlying EBITDA of £91.1M was presented in big headlines on page 1. It is clear that the company wants investors to see EBITDA rather than earnings. I would note that the magazine, Forbes, describes EBITDA as " a fairy tale told to investors and credit managers so that they go to sleep happy instead of running for the hills.". Now I am not suggesting that Betfair is doing this but I would suggest that in the interest of transparency, it should at least give equal emphasis to its earnings figures.
Katie Bromyard
04 Dec 2014
Re: Congratulations Brilliant results and £200 million returned to shareholders.
ken678
04 Dec 2014
Congratulations Congratulations to Breon Corcoran, John McElligott and all the rest of the team on some sparkling results.I suspect some of the original founder/vendors now sleep sounder in their beds.Fantastic results.
