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PointsBet records 153 9% revenue growth in FY2021 | Finance

PointsBet records 153 9% revenue growth in FY2021 | Finance
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gambling – NBC 5 Dallas-Fort Worth

gambling – NBC 5 Dallas-Fort Worth
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Higher Q3 spending sees net loss widen at PointsBet despite revenue growth

Higher Q3 spending sees net loss widen at PointsBet despite revenue growth 30th April 2021 | By Robert Fletcher PointsBet Holdings posted a wider net loss of AUS$27.4m (£15.3m/€17.6m/US$21.3m) for the third quarter of its financial year, despite experiencing a 247.1% year-on-year rise in revenue. Group revenue for the three months to 31 March amounted to $64.9m, up from $18.7m in the same period last year, while the amount wagered by customers was also up 236.4% to $905.2m. Breaking down this performance, operations in its native Australia accounted for $38.2m in revenue for the quarter, an increase of 146.5% on $15.5m last year.

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Bell Potter thinks the PointsBet (ASX:PBH) share price could go 40% higher

Bell Potter thinks the PointsBet (ASX:PBH) share price could go 40% higher Kerry Sun | March 17, 2021 11:56am | More on: The PointsBet Holdings Ltd(ASX: PBH) share price started from humble beginnings in June 2019 at an initial public offering (IPO) price of $2.00 and market capitalisation of $220 million. Its shares have since surged more than 7- fold, resulting in the company joining the The bookmaker is taking the emerging United States sports betting market head-on and is currently operational in Australia and 5 US states. Despite its significant share price run, Bell Potter thinks there’s plenty of growth left for the PointsBet share price.

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Banach Technology Limited buy for PointsBet USA

Banach Technology Limited buy for PointsBet USA
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