PointsBet posts record second-quarter results

Finance News

Pointsbet Holdings has reported record results in the fiscal second quarter ended 31 December.

Record group total net win of A$103.4m, up 34%, US total net win of A$40.6m, up 68%. Record Australia net win of A$57.7m, up 9%, record group iGaming net win of $15.2m, up 183%. Live betting represented 63% of total sportsbook handle in Q2 FY23. Significant sportsbook engagement and in-play activity around the FIFA World Cup.

Rolling 12 month Group net win to 31 December 2022 is $344.9m. Group cash active clients for 12 months to 31 December 2022 was 548,236, +23% vs PCP, +6% QoQ.

Over the period, PointsBet reported a 228 per cent increase in turnover to $3.7 million. This was driven by a 117 per cent annual increase in Australian active clients and 661 per cent increase in US active clients.