BlueBet Holdings turnover surges 131% in fiscal Q2

Finance News

BlueBet Holdings has reported turnover of AU$357 million in the fiscal second quarter ended Dec. 31, 2024, up 131% from AU$154.8 million last year, according to a Thursday filing with the Australian bourse.

Quarterly net win increased to AU$39.2 million, up 142% from AU$16.2 million last quarter, due to improvement in the portfolio yield.

The company said it was earnings before interest, taxes, depreciation, and amortization positive ahead of schedule in the first half of the fiscal year.

BlueBet CEO, Andrew Menz, said: “We are pleased to have outperformed our profitability target,
delivering normalised EBITDA positivity for the first half-year as a combined business.

“We reached this milestone ahead of schedule through strategic customer reactivation, product and
platform delivering higher margins, a strong performance during the Spring Racing Carnival and the
accelerated realisation of cost and revenue synergies.

“This momentum has continued into January, as we continue to focus on profitably scaling the businessthrough organic and inorganic growth. Our market-leading product, experienced team, and ready-to-execute M&A playbook remain key strategic differentiators for us.”

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