PointsBet reports $17.3 million net loss for half-year ended 30 September 2026

PointsBet Holdings has released its results presentation for the half year ended 30 September 2026 (H1FY27), reporting total revenue of $112.7 million, a 16% decline compared to the prior corresponding period of $134.9 million, and a Normalised EBITDA loss of $6.9 million against a $2.9 million gain in the prior period.

According to the filing, Sports Betting Net Win for the group was $107.0 million for the period from 1 April 2026 to 30 September 2026, compared to $131.2 million in the prior corresponding period, representing an 18% decline. iGaming Net Win was $15.2 million, broadly flat against $15.3 million in the prior corresponding period.

Marketing expenditure was $33.1 million, up 6% from $31.3 million, while Other Opex was $30.8 million, down 6% from $32.9 million. The filing notes that PointsBet changed its financial year end on 12 December 2025, with prior corresponding period figures included for comparative purposes.

The Australian segment recorded Sports Betting Turnover of $1,031.4 million for H1FY27, compared to $1,195.2 million in the prior corresponding period, a 14% decline. Gross Win Margin was 13.6%, compared to 13.7% in the prior period, a movement of 0.1 percentage points. Australian segment Revenue was $91.8 million, down 19% from $112.7 million. Gross Profit for the Australian segment was $46.9 million versus $56.3 million in the prior corresponding period. Marketing expenditure in Australia was $23.9 million, while Statutory Segment EBITDA was $2.9 million, compared to $12.0 million in the prior corresponding period, a 76% decline.

The filing discloses that the group recorded 310,058 Cash Active Clients, defined as clients that have placed a cash bet in the 12 months preceding the relevant period end. This represents a 6% increase versus the prior corresponding period. Within that total, Australian Cash Active Clients grew 2% and Canadian Cash Active Clients grew 18% versus the prior corresponding period.

All figures in the presentation are denominated in Australian dollars unless otherwise stated, and the financial information has not been audited in accordance with Australian Auditing Standards.

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