PointsBet first-half revenue falls 16%

PointsBet's first-half revenue fell 16% year on year in Australian dollar terms. Weak sports betting performance in the company's home market of Australia weighed on results. Even so, the number of cash-active customers rose across Australia and Canada.

Revenue for the six-month period from April to September 2026 was about 70.41 million euros. In the same period last year, it was about 84.28 million euros. Normalized EBITDA moved from a profit of about 1.81 million euros to a loss of about 4.31 million euros. Gross profit fell 15% in Australian dollar terms to about 35.67 million euros.

The group reached 310,058 cash-active customers, an increase of 6% year on year. The company defines a cash-active customer as a person who has placed a cash bet in the last 12 months. In Australia, sports betting revenue fell 19% in local currency to about 57.35 million euros. The amount wagered dropped 14% to about 644.34 million euros, while the number of cash-active customers in Australia rose 2% to 237,265.

The company linked a double-digit decline among its highest-value customers to proactive compliance measures. It also said that in August and September, Australian rules football and other major sports produced poor results. Promotions' share of Australian gross gaming win was 27.9%, compared with 24.4% a year earlier.

In Canada, revenue rose 3% in Canadian dollar terms to about 13.19 million euros. In Australian dollar terms, it fell 6%, which the company attributed to the stronger Australian dollar. Canadian iGaming volume climbed 21% to about 379.50 million euros, while sports betting volume fell 32% in local currency. The number of cash-active customers in Canada rose 18% to 72,793. The segment's reported EBITDA loss grew 82% in Canadian dollar terms to about 4.29 million euros. PointsBet said it plans to launch a sports betting site and casino service in Alberta in 2026, subject to approvals.