The Tabcorp (ASX:TAH) share price wobbles on results

The Tabcorp Holdings Limited (ASX: TAH) share price is wobbling in early trading today after dipping almost 2% at the open. This follows the company’s release of results for the first half of FY21.  

At the time of writing, the Tabcorp share price is trading down 0.11% at $4.46.

How did Tabcorp perform?

For the half-year ending 31 December 2020, Tabcorp reported a 7% decline in net profit of $185 million. The gaming and entertainment services provider also saw revenue fall 2% to $2.87 billion.

Overall, Tabcorp’s group revenue declined 1.5% for the first half, while earnings before interest, tax, depreciation and amortisation (EBITDA) also came in lower, down 6.2% compared to the prior corresponding period.

Despite challenges…