PointsBet reported revenue of AU$112.7m (US$79.3m) for the first half of FY27, down 16% from the corresponding April-to-September period in 2025, as weaker Australian sports betting offset growth in Canada’s client base.
The online betting operator recorded a normalised EBITDA loss of AU$6.9m, compared with a AU$2.9m profit on that same-period basis. Its statutory after-tax loss was AU$17.3m.
The report compares that bottom-line figure with a AU$22.2m loss in the separate July-to-December 2025 statutory half-year, following a change in the company’s financial year-end.
Australia generated AU$91.8m in revenue, down 19% year-on-year. Sports net win fell 18% to AU$101.2m despite a 2% increase in Australian cash active clients to 237,265.
PointsBet H1 revenue and gross profit, 2025 vs 2026
April to September figures in AU$m.
PointsBet attributed a sustained decline among high-value customers to its compliance measures, while unfavourable AFL and NRL outcomes affected returns in August and September.
The Australian net win margin was 9.8%, against 10.4% a year earlier. Promotions also absorbed 27.9% of gross win, compared with 24.4% in the previous corresponding period. These figures help distinguish the effects of the customer mix and sporting results from the broader fall in revenue.
Canada’s revenue rose 3% to C$20.6m (US$14.7m) in local currency and cash active clients increased 18% to 72,793. Canadian iGaming net win grew 9% to C$15m, while sports net win fell 11% to C$5.7m as sports turnover declined 32%.
After translation into Australian dollars, Canadian revenue was AU$20.9m, down 6%. PointsBet estimated that exchange rates reduced the reported figure by AU$2.1m. The distinction matters because local trading improved while the group reporting currency moved against the Canadian business.
PointsBet said its new casino platform is operating in Canada and that it remains on track to launch in Alberta during 2026. Its reported group cash active client count reached 310,058, up 6% from the previous corresponding period.
On 13 October, a PointsBet trading update forecast a 16% first-half revenue decline; the full results now provide the regional breakdown and statutory loss.
PointsBet changed its financial year-end from 30 June to 31 March in December 2025
