PointsBet has posted a 15 per cent jump in revenue for H1 FY24 up to AU$117.6m.
While turnover/handle dropped four per cent year-on-year to $1.6bn and gross win dropped one per cent to $169.7m, total net win climbed by 14 per cent to $128.1m.
PointsBet’s total gross profit also rose by 21 per cent from $48.2m a year ago to $58.5m.
Total normalised EBITDA followed suit with a 71 per cent increase year-on-year to $13.3m.
An igaming net win rise of 124 per cent to $9.5m also steered the company’s results.
PointsBet delivered Australian revenue of $101.7m, up seven per cent and a record half of the year.
In Canada, it posted record sports betting and igaming net win for the half-year.
It said ownership of 13 out of 14 US state legal entities have been transferred to Fanatics Betting and Gaming, with subsequent completion and receipt of balance and consideration (US$50m) and second capital distriburion on track for completion in early-to-mid Q4 FY24.
