LiveScore revenue rises in FY25 as its brands surpass the UK market average

(AsiaGameHub) –   LiveScore Group, based in Gibraltar, announced a 15% rise in turnover to £206.3 million for the fiscal year ending 31 March 2025. This expansion was primarily driven by a strong UK performance, where revenue grew by 26% to £175.6 million, constituting 85% of the group’s total FY25 income.

The company filed these latest financial results with Companies House on Friday.

In contrast, turnover in Europe fell by 29% to £16.3 million. This followed LiveScore’s decision to close its Dutch operations in November 2024 amid heightened regulatory challenges in that market, a move that created £6 million in headwinds for the period.

According to analysts at Regulus Partners, the operator’s growth exceeded the wider UK market. A note issued on Monday indicated that its LiveScore Bet and Virgin Bet brands grew 20 percentage points faster than the market average.

This growth trajectory is anticipated to decelerate in 2026. This is due to an increase in the UK’s Remote Gaming Duty, which raised LiveScore’s tax rate to 40% of Gross Gaming Revenue (GGR) in April. Regulus projects this change could cost the company £20 million to £25 million before any countermeasures are applied.

In the rest of the world, turnover decreased by 14% to £14.4 million. Regulus suggested this may be attributable to market “softness in Nigeria”.

Breaking down the figures by business unit, B2C operations dominated FY25 turnover, representing 90% of the total. B2B advertising contributed 9% of the overall turnover for the year.

LiveScore FY25: The bottom line

The group’s gross profit rose 14% to £158 million for the 2025 financial year, while its cost of sales increased 18% to £48.4 million. LiveScore recorded an operating loss of £26.7 million, an improvement from a £50.7 million loss in 2024. Its EBITDA loss was £15.2 million, a year-on-year improvement of 61%.

In November 2024, the company booked £3 million in costs associated with restructuring and streamlining efforts, listed as redundancy expenses.

Its earnings report stated the narrower loss “resulted from a gross profit increase that outpaced ongoing significant investment in marketing and the LiveScore brand”.

March saw the launch of LiveScore’s Virgin Bet brand in South Africa, representing its inaugural expansion beyond the UK market.