BlueBet sees first half turnover rise 60%

Finance News

BlueBet Holdings has announced its half year financial results for the six months ended 31 December 2021.

Turnover was up 60.5% to $264.5 million, Net Win up 68.4% to $28.6 million and Gross Profit up 64.0% to $14.6 million, highlighting the strength of the Australian business and strong momentum heading into H2 FY22. Active Customers up 76.5% to 45,087.

BlueBet Pty Ltd underwent a restructure prior to listing on the Official List of ASX. As a result of the restructure, the financial information presented for the half-year relates to BlueBet Holdings Ltd.

The loss for the group after providing for income tax amounted to $775,000, 31 December 2020: profit of $3,372,000 for BlueBet Pty Ltd as a single entity.

BlueBet Chief Executive Officer, Bill Richmond, commented: “We have carried strong momentum into FY22, with our Australian business beating all first half prospectus forecasts as our effective marketing strategy continues to drive market share gains.