PointsBet’s combined Australian and Canadian business recorded a net win of AU$70.6 million in Q3, a 24% increase compared to last year.
The company, after selling its US division to Fanatics, achieved a positive net cash flow of $2 million.
PointsBet expects to achieve a positive normalised EBITDA in FY25, despite forecasting a loss of $9-14 million for FY24. Its sports betting net win for Q3 was $65.1 million.
The company, after selling its US division to Fanatics, achieved a positive net cash flow of $2 million.
PointsBet expects to achieve a positive normalised EBITDA in FY25, despite forecasting a loss of $9-14 million for FY24. Its sports betting net win for Q3 was $65.1 million.
