PointsBet’s combined Australian and Canadian business delivered record net win of AU$70.6m in Q3, up 24 per cent year-on-year.
The group, which completed the sale of its US arm to Fanatics Betting and Gaming at the start of April, said positive net cash flow of $2m was “another first and important milestone.”
The group has confirmed it expects to post positive normalised group EBITDA in FY25, after reiterating a FY24 normalised group EBITDA loss prediction of between $9m and $14m.
PointsBet’s sports betting net win in Q3 for the combined business was up by 22 per cent to $65.1m, with gross win climbing by 12 per cent to $83.4m. Turnover was up by seven per cent to $676.4m.
Combined igaming net win of $5.5m translated to a jump of 52 per cent from $3.6m in Q3 last year.
In Australia, net win grew by 20 per cent to $60.8m, while the same figure was up by 62 per cent in the company’s Canadian business to $9.9m.
