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PBH: Corporate bookmaker Pointsbet posts a $267m loss in FY22, down 43 per cent on the $187m loss a year earlier due to higher investment, marketing and employee costs.

Revenue increased 52 per cent to $296.4m while sports betting turnover reached $5.00bn.

Pointsbet's gross win margin – the amount received from customers who placed losing bets less the dollar amount paid those who placed winning bets – increased 0.4 points to 13.3 per cent.

In Australia the company recorded net revenue of $195.2m, growth of 30 per cent, while in the United States net revenue reached $98.7m.

Pointsbet chairman Brett Paton says the company is well placed and tips North America "will deliver the vast majority of regulated global gaming growth over the next decade".

Pointsbet says while the Covid-19 pandemic has been financially positive for the entity, "it is not practicable to estimate the potential impact, positive or negative".

No dividends were declared.

SP opened down 4.9%

rcw1 is not holding at present.
Have a very nice day, today.

Kind regards
rcw1

<blockquote data-quote="rcw1" data-source="post: 1190699" data-attributes="member: 86427">Good morningPBH:&nbsp; Corporate bookmaker Pointsbet posts a $267m loss in FY22, down 43 per cent on the $187m loss a year earlier due to higher investment, marketing and employee costs.Revenue increased 52 per cent to $296.4m while sports betting turnover reached $5.00bn.Pointsbet&#039;s gross win margin – the amount received from customers who placed losing bets less the dollar amount paid those who placed winning bets – increased 0.4 points to 13.3 per cent.In Australia the company recorded net revenue of $195.2m, growth of 30 per cent, while in the United States net revenue reached $98.7m.Pointsbet chairman Brett Paton says the company is well placed and tips North America &quot;will deliver the vast majority of regulated global gaming growth over the next decade&quot;.Pointsbet says while the Covid-19 pandemic has been financially positive for the entity, &quot;it is not practicable to estimate the potential impact, positive or negative&quot;.No dividends were declared.SP opened down 4.9%rcw1 is not holding at present.&nbsp; Have a very nice day, today.Kind regardsrcw1</blockquote>

[QUOTE="rcw1, post: 1190699, member: 86427"] Good morning PBH: Corporate bookmaker Pointsbet posts a $267m loss in FY22, down 43 per cent on the $187m loss a year earlier due to higher investment, marketing and employee costs. Revenue increased 52 per cent to $296.4m while sports betting turnover reached $5.00bn. Pointsbet's gross win margin – the amount received from customers who placed losing bets less the dollar amount paid those who placed winning bets – increased 0.4 points to 13.3 per cent. In Australia the company recorded net revenue of $195.2m, growth of 30 per cent, while in the United States net revenue reached $98.7m. Pointsbet chairman Brett Paton says the company is well placed and tips North America "will deliver the vast majority of regulated global gaming growth over the next decade". Pointsbet says while the Covid-19 pandemic has been financially positive for the entity, "it is not practicable to estimate the potential impact, positive or negative". No dividends were declared. SP opened down 4.9% rcw1 is not holding at present. Have a very nice day, today. Kind regards rcw1 [/QUOTE]

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