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(AsiaGameHub) –   LiveScore Group has substantially reduced its losses and crossed the £200 million revenue threshold for the fiscal year ending March 31, 2025. 

In its corporate filings with Companies House, LiveScore’s leadership reaffirms its ongoing investment strategy aimed at boosting product efficiency and enhancing the margin performance of its flagship brands. 

The company—owner of the Virgin Bet, LiveScore Media, and LiveScore Bet portfolio—recorded a corporate turnover of £206 million, marking a 15% rise from the £179 million reported in FY2023/2024. 

The annual results highlight a notable improvement in LiveScore’s financial efficiency, with the firm slashing its operating losses by almost half—from £51 million in FY2023/2024 to £27 million this year. 

The EBITDA loss also narrowed significantly toward break-even, improving by more than 60% as it dropped from £38.8 million to £15.2 million. 

The group’s overall accounts were finalized in line with expectations, with the company noting: “As part of our overall growth plans, the business incurred substantial expansion and marketing costs. The reduced operating loss stemmed from a rise in gross profit that outpaced our continued heavy investment in marketing and the LiveScore brand.” 

Emerging Opportunities for LiveScore

LiveScore continues to invest heavily in marketing, technology, and global expansion—most recently entering the South African market with Virgin Bet. While these costs have been substantial and played a major role in the £26.7 million loss, revenue is starting to rise as the company gains a foothold in key global markets. 

However, the company isn’t expanding indiscriminately: it exited the Netherlands in late 2024 due to tax hikes and advertising restrictions, and also withdrew from Bulgaria at the end of 2025, citing regulatory challenges in Europe. 

Looking forward, the company will approach strategic expansion cautiously, as tax increases become increasingly common in key global markets. Such hikes have recently taken effect in its home country, the UK, and there’s widespread talk of a tax rise in South Africa—where LiveScore has just launched. 

According to the accounts: “On March 31, 2025, a subsidiary of the Group, Virgin Bet South Africa, was awarded a Bookmaker Licence by the Western Cape Gambling and Racing Board. In October 2025, the same subsidiary obtained an Mpumalanga Bookmaker Licence. The Group officially launched in the South African market in February 2026.”

Competition in the iGaming sector is also intensifying ahead of the 2026 World Cup, especially with the rise of prediction markets, which are not bound by the same regulations as traditional iGaming firms like LiveScore’s LiveScore Bet and Virgin Bet. 

LiveScore’s FY2024/25 results indicate the company is on the right track, but with over 600 employees (per filings), it remains cautious of economic headwinds and growing competition as it pursues its global expansion strategy. 

Although losses have been sharply reduced, tax hikes and advertising restrictions are among the key potential concerns for the group going forward. 

Heading into 2026, management identifies higher regulatory costs and gaming taxes as major risks to the business—including a significant adjustment starting April 1, when the UK government will impose a 40% tax on remote gambling duties (RGD). 

From 2026 onward, LiveScore will need a period of alignment to navigate a new ‘cost pressure environment’ where increased taxes impact its commercial and investment strategies. Consequently, the company’s directors have not set a timeline for achieving profitability.