Digital lotteries reseller Jumbo Interactive beat analysts’ expectations by delivering a 39% profit jump in the 2024 financial year.

The numbers: Jumbo reported NPATA of $46.4 million, up 39% year on year and ahead of consensus estimates of $44.7 million. Revenue was up 34% to $159.3 million while underlying EBITDA grew 33% to $79.3 million, both edging out average forecasts.

The company declared a full-year dividend of 54.5 cents per share, up 26.7% on last year but 4% behind consensus.

Jumbo’s FY25 outlook was softer than consensus, forecasting an EBITDA margin of 46% to 48% compared to 48.1% in FY24 and 48.9% expected by analysts.

The context: Jarden analysts described it as a “strong operational result” that delivered on guidance, with earnings driven by better lottery retailing EBITDA than expected, despite increased marketing costs.

What they said: “For the first time in our history, we exceeded one million active players in our lottery retailing segment, highlighting our ability to engage with our existing players and acquiring new players during periods of large jackpots,” said Jumbo managing director, CEO and founder Mike Veverka.

“Our significantly larger active player base, focus on player experience, innovation, and stable service fee to The Lottery Corporation, mean we are very well positioned to grow in FY25,” he said.