Pointsbet Holdings Limited (ASX: PBH)

Pointsbet Holdings Limited is an Australia-based corporate bookmaker with operations in Australia and Canada. The Company has developed a cloud-based wagering platform through which it offers its clients advanced sports and racing wagering products, and iGaming.

The Company‚Äôs segments include Australian Trading, Canadian Trading, Technology, and Corporate. The Australian Trading segment provides online sports and online fixed odds racing betting services to Australian customers. The Canadian trading segment offers sports betting and iGaming services provided to Canadian customers.

The Technology segment derives its internal revenue from licensing fees charged to the Australian Trading and Canadian Trading segments. The Technology segment offers external B2B services. The Company‚Äôs product includes Fixed Odds Sports, Fixed Odds Racing, PointsBetting, and iGaming.

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REVENUE IN AUD (TTM)

225.97m

NET INCOME IN AUD

-86.97m

Year on year Pointsbet Holdings Ltd had net income fall 3.22% from a loss of 267.69m to a larger loss of 276.31m despite a 7.62% increase in revenues from 195.41m to 210.30m. An increase in the selling, general and administrative costs as a percentage of sales from 64.49% to 84.64% was a component in the falling net income despite rising revenues.