Investor Alert

Oct. 21, 2020, 2:24 a.m. EDT

William Hill sales partially recover from COVID-19

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By Matteo Castia

William Hill PLC said Wednesday that net revenue began to recover from the coronavirus pandemic during the third quarter on the back of resuming live sport events and reopening retail businesses.

The betting company said net revenue in the 13 weeks ended Sept. 29 was down 9% on the year, taking the year-to-date decline to 25%. This compares with a revenue fall of 32% in the first half, it added.

"The live sporting calendar has resumed, delivering a strong complement of fixtures across football, horse racing, tennis and American sports," the company said.

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