Jumbo Interactive report strong full year results

Finance News

Jumbo announced its results for the full year ended 30 June 2022 and an on-market share buy-back of up to $25 million.

On a reported basis, SaaS TTV increased 60%. On an underlying basis, adjusting for the transfer of our Western Australia customers from Lottery Retailing to SaaS in December 20201, TTV growth was 39%. External revenue (excluding the revenue received from Lottery Retailing) was up 29% reflecting the growth in TTV and a softer revenue margin due to product mix. 

Underlying EBITDA increased 31% to $28.9 million, reflecting an EBTIDA/revenue margin of 67.8% (FY21: 68.3%). TTV up 36% to $659.9 million. Revenue up 25% to $104.3 million.Underlying EBITDA1 up 13% to $55.1 million Underlying NPAT1 up 14% to $32.2 million. Underlying EPS1 up 13% to 51.5 cents per share.

Jumbo CEO and Founder Mike Veverka said “We are pleased with the strong growth achieved in FY22 off the back of an improved jackpot cycle. FY22 was a pivotal year for Jumbo as we build the foundations to successfully execute our global growth strategy. Lottery Retailing is exceptionally well positioned to benefit from the ongoing shift to digital and the new OzLotto game launched in May 2022, while the integration of Stride and StarVale will build scale in our Managed Services and SaaS segments globally.”