PointsBet half-year revenue rises 27% as losses widen
PointsBet has released its half-year earnings achieving growth across all of its major metrics compared to the prior corresponding period. Net revenue for the period of $97.6 million up 27.
Statutory EBITDA loss of $130.6 million, a poorer result than the EBITDA loss of $71.3 million in the pcp Group net win of $146.7 million, representing 77% growth on the pcp. Australian trading business had 232,875 cash active clients, a 63% increase compared to the pcp US business had 211,113 cash active clients, a 210% increase on the pcp trading Australian business recorded a net win of $107.9 million, representing 27% year on year.
PointsBet surmounted several milestones in its growth narrative during this half, underscored by collaborations with the National Football League (NFL) in America and Major League Soccer (MLS).
Specifically, it has been selected by the NFL as an Approved Sportsbook Operator, starting with the 2021 season, and is also Austin FC’s exclusive sportsbook partner as of September last year.