The City upgrades 888 estimates after record-breaking end to 2020

Operator reports record revenue and active customer numbers in final month of 2020

City investment banks Numis and Peel Hunt have scaled up their respective full-year 2020 revenue estimates for 888 after the operator reported strong performance in December. Numis upgraded its full-year 2020 revenue estimate for 888 to $827m (£605m), equating to a year-on-year rise of 48%, while increasing annual EBITDA to $148.1m (£108.4m), up 81% on…

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