PointsBet Holdings Limited (ASX:PBH) Announces H1 FY25 Results
Scheme Implementation
PointsBet Holdings Limited has entered into a Scheme Implementation Deed with MIXI, Inc. and MIXI Australia Pty Ltd for the acquisition of 100% of its issued share capital. Shareholders will receive $1.06 per share, representing a significant premium to the current share price. The Scheme is subject to regulatory approvals and shareholder voting, expected in late May 2025, with implementation anticipated in mid-June 2025.
Financial Performance
In H1 FY25, PointsBet reported total revenue of A$124.4 million, a 6% increase compared to the same period last year. Gross profit rose by 11% to A$65.0 million, and normalised EBITDA improved to ($3.3 million) from ($13.3 million) in H1 FY24. The company reaffirmed its FY25 EBITDA guidance of A$11 million to A$14 million.
Regional Business Review
In Australia, revenue reached A$106.2 million, with statutory segment EBITDA increasing by 376% to A$10.7 million. In Canada, revenue grew by 14% to A$18.2 million, despite a slight decrease in statutory segment EBITDA to ($12.2 million).
FY25 Outlook
PointsBet maintains its FY25 revenue guidance of A$260 million to A$270 million and reiterated its EBITDA guidance of A$11 million to A$14 million. The company plans to continue investing in marketing and product development to drive growth and improve operating leverage.
Motley Fool contributor Matt Burgess has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended PointsBet. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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