Revealing its financial results for the 12-month period ending June 30, 2024, Tabcorp Holdings declared that its group revenue was AU$2.339bn, a 3.9 per cent drop against the previous year.
EBITDA was also down 18.7 per cent at $317.7m.
The company said this dip was due to “soft wagering market conditions and the sale of the MPS business.”
While digital wagering revenue was down 2.2 per cent through the year, cash wagering was up 0.4 per cent, outperforming the digital market.
“Recognising the changes in economic and regulatory conditions and company performance since demerger, the TAB25 targets will not be met,” the company said.
“The company remains committed to the underlying strategic objectives of increasing market share, levelling the playing field, controlling costs and increasing value for shareholders.”
