BlueBet reports jump in first-half revenue to $298.7m

Finance News

BlueBet is pleased to provide H1 FY24 results. Turnover is up 6.9% to $298.7m, driven by sports and thoroughbred racing where we are outperforming.

Group Net Win margin remains robust at 9.6%, with Australia at 10.3% after mix shift to sports. Strong growth led by US Sports, NRL, AFL , Cricket and Tennis. Same Game Multi (higher margin) turnover up 64% and Bet Count up 42%.

Record half year Net Win of $30.7m, up 12.9%. Net Win Margin remains strong at 10.3% after mix shift to sport. Australia on track to be EBITDA positive in FY24, driven by market share growth and marketing efficiencies.