BlueBet sees third quarter turnover jump 44.6%

Finance News

BlueBet Holdings has annonced its quarterly cash flow report and quarterly activities report for the quarter ended 31 March 2022.

Turnover of $120.7 million up 44.5% driven by customer and Betcount growth. Q3 FY22 Net Win of $13.2 million, up 55.1% vs. PCP.

Strong Net Win % of 10.9% (up 0.7pp vs. PCP) rebounding from competitive december quarter. 49,556 active customers at period ending 31 March 2022, up 84.7%.

BlueBet continued its strong momentum in Q3 FY22, ending the period with Turnover of $120.7 million, up 44.5% vs. PCP and Net Win of $13.2 million, up 55.1% vs. PCP. This growth was achieved alongside Gross and Net margin expansion which reinforces the strength of the Company’s mobile-first strategy and the capability of BlueBet’s trading team.

The company maintained a double-digit Net Win margin at 10.9% through its disciplined approach to managing promotions.