Half Yearly Report & Accounts

• Revenue up 122.3% to $62.1 million
• Loss reduced by 95.2% to $496,000
• Underlying Australian EBITDA of $1.7 million

BlueBet Holdings Ltd reported its financial results for the half-year ended 31 December 2024. The company's revenue from ordinary activities increased by 122.3% to $62.1 million, while the loss after income tax was reduced by 95.2% to $496,000. EBITDA, a key financial measure for the group, was $2.0 million, compared to a loss of $9.2 million in the prior corresponding period. The company's underlying Australian earnings EBITDA, which excludes the impact of non-recurring items, was $1.7 million. During the period, BlueBet entered into an agreement to acquire certain assets and liabilities of Merlehan Booking Pty Ltd, which operates the online wagering brand 'TopSport' in Australia. The acquisition is expected to be completed in Q4 of FY25. Additionally, BlueBet disclosed an intention to acquire PointsBet Holdings Limited, although this offer has not been accepted as of the date of the report.

The company did not provide any high-importance, price-sensitive forward-looking financial metrics.

The company did not provide any forward-looking outlook statements.