BlueBet reports strong quarter as revenues exceed expectations

Finance News

BlueBet exceeded its prospectus forecasts for all key metrics, with turnover, net win and active customers all materially ahead of the respective forecasts.

Record turnover in Q2 FY22 of $138.6 million, up 54.8%. Melbourne Cup week delivered new records for weekly Turnover up 62.2% and Betcount up 63.3%. Q2 FY22 Net Win of $13.8 million, up 51.6%, active customers at period ending 31 December 2021, up 76.5%.

BlueBet is well funded to achieve its strategic objectives and planned activities. The company prepared the Prospectus in relation to the Offer of 70.2 million shares at an issue priceof $1.14 per share to raise $80.0 million.