Latest BETFRED News | Yogonet International
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www.yogonet.comHere are the latest publicly reported updates on Betfred:
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Betfred posted a return to profit after tax of about £128.8 million for the 78 weeks to March 30, 2025, helped by exiting unprofitable overseas operations and a stronger performance across divisions. Turnover approached £1.46 billion, with online and high-street betting contributing significantly. This followed a prior loss in the shorter 53-week period before the exit from certain markets. [Source: Racing Post summarize Betfred accounts; publish date 2026-01-04][1]
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Betfred’s UK media-rights impasse with racecourses (Arc and The Racing Partnership) affected live racing broadcasts in shops and on the website, reducing certain offers and services, while unrelated ventures such as Premier Greyhound Racing remained unaffected. The company cited strategic consolidation as part of its profitability rebound. [Source: Racing Post article; ]
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In context of broader industry pressures, Betfred’s results come as UK gambling operators face regulatory and tax considerations that could impact shop viability and staffing in the longer term. Betfred’s founder Fred Done has previously warned about tax changes potentially affecting thousands of jobs across its network. [Source: Racing Post context; ]
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Historical background: Betfred has periodically cited growth in its retail and online segments, with prior reports noting turnover growth and EBITDA increases, though some years showed losses tied to US expansion costs and restructuring. This background helps explain the trajectory leading to the latest profitability stance. [Sources: Racing Post 2024 coverage; Yogonet 2025 summary; ][3]
High-level takeaway:
- Betfred appears to be back in the black for the most recent reporting period, driven largely by strategic downsizing of unprofitable overseas exposure and improved performance in core shops and online.
If you’d like, I can pull the exact figures from the latest filings or prepare a brief chart showing Betfred’s turnover, EBITDA, and profit trend over the past few years. I can also look for any further updates on live racing broadcasts and their impact on retail operations.