Net revenue of the Russian bookmaker Fonbet reached almost €340 million in 2021
The Company’s gross revenue reached 66.12 Billion Roubles (almost €756.5m) in 2021, which is 14 Billion Roubles (over €160m) up year-on-year (around €595m in 2020). Net revenue reached 29.7 Billion Roubles (around €340m) while it was 23.297 Billion Roubles (€266.5m) in 2020.
According to the ‘Payments to suppliers’ field, the bookmaker spent over €343m for these services, over €45m was spent on salaries. The core cost of salaries was €318m. Fonbet also paid €144,000 for the services of BetGenius and over €1m for the services of SportRadar.
The company pays a little bit over €1m per year for the partnership with FC Real Madrid, €570,000 goes to AC Milan, and €500,000 is paid to PSG.
Fonbet has also created a reserve fund due to ongoing legal proceedings that accounts for €1.22m. The bookmaker gave over €2.5m to charity.
The bookmaker reported earlier this year that Fonbet made 40% of all target contributions (more details) in 2021.