PointsBet revenue down 16%, Australia weakens

PointsBet announced that its revenue fell 16% year on year in the first half of fiscal 2027. Revenue for the six-month period running through September 30 was A$112.7 million. In the same period a year earlier, the figure was 134.9 million dollars. Normalized EBITDA also swung from a profit of 2.9 million dollars to a loss of 6.9 million dollars.

Net winnings fell 17% to 122.1 million dollars. Of this, 107 million dollars came from sports betting, which declined 18%. On the iGaming side, net winnings remained almost unchanged at 15.2 million dollars. Meanwhile, the number of active customers rose 6% to 310,058. Marketing spend also increased 6% to 33.1 million dollars.

In Australia, revenue fell 19% to 91.8 million dollars. Sports betting volume dropped 14% to 1.03 billion dollars. The number of active customers, however, rose 2% to 237,265. The company said that its most valuable customer group saw double-digit declines, which it linked to compliance measures. The share of promotions in gross winnings rose from 24.4% to 27.9%. In August and September, this rate reached 32.8%.

In Canada, total revenue fell 6% to 20.9 million dollars. The number of active customers rose 18% to 72,793. Net winnings from sports betting in Canada fell from 7.2 million dollars to 5.7 million dollars, and betting volume dropped 38%. Despite this, the margin increased from 7.9% to 10.6%.