Yo, peeps! Big news in town! 888 Holdings just did a nosedive in shares down in London today. They spilled the tea, and turns out, they’re expecting a 10% drop in the revenue game, hitting £400 million in the third quarter of this year. Ouchie! 😬
The 411 is, 888’s been hustlin’ and making moves to up their game and be all sustainable and stuff. But hey, it kinda dragged their performance down in the short run. 🐢 But hey, peep this: their customer fam is growing strong with double digits!
They’re blaming this dip on some changes in the dotcom markets, messing with their moolah and slowing down the customer action. And guess what? Friendly sports results did them dirty both in the UK and across the globe. 😅
In the UK, they got hit by some safer gambling changes too, adding more drama to the story. But no worries, they’re thinking the customer fam boost will pull ’em back up in the revenue game in 2024. 📈
Retail, on the other hand, is strutting its stuff, holding the revenue fort from last year. Kudos to them! 🙌
Hold onto your seats, they’re expecting mid-single digit revenue growth from retail for the whole year. And they’re jazzed about it, especially with their new CEOs, Per Widerström and Sean Wilkins. 🎉
They’re eyeing 2024 for some solid revenue growth, aiming for that sweet £2 billion mark by 2025. High hopes, fam! 🚀
Peek this: Q4 might bounce back a bit, and 2024 is the year they’re gunning for that upward trajectory again. 🌟
Cash-wise, they’re sitting on £162 million with extra facilities worth £150 million. More than £300 million in their back pocket. 💰
But stock-wise, ouch! 15.25% lower at 93.65 pence per share. That’s gotta sting. 😢
NOTE: Adjusted the deets for some Insta-style fun! 😉
#888Holdings, #RevenueDive, #LondonStocks, #BusinessGrowth, #FinancialBuzz, #2024Revenue, #NewCEOs, #SustainableBiz, #RetailPower, #StockMarketWoes, #InstaFinance, #BouncingBack, #CashFlowStrong, #FinancialStruggles, #Peppy2025Goals
