Jumbo Interactive sees first half revenue jump to AUD $62.4m
ASX listed online lottery provider Jumbo Interactive posted total revenues of $62.4 million up 18.1% six month period ended 31 December 2022.
Underlying earnings before interest, tax, depreciation, and amortisation (EBITDA) up 7.4% to $30.4 million. EBITDA margin compressed from 53.7% to 48.8%. Statutory net profit after tax (NPAT) up 4.7% to $17.2 million.
Interim fully franked dividend of 23 cents per share, raised by 4.5% For Jumbo Interactive, the number of large jackpots during the financial period has a large bearing on the company’s performance. For the six months ending December 2022, 23 large Powerball/OzLotto jackpots occurred — matching that of the prior corresponding period.
While the company was able to recognise increased revenue from its lottery retailing segment (up 7%), EBITDA fell 3% due to the step-up in service payable to The Lottery Corporation Ltd.