IncentiaPay Ltd. ( (AU:EAT) ) has shared an announcement.
Entertainment Rewards Ltd reported a 13.14% increase in revenue from ordinary activities for the half-year ending December 31, 2024, reaching $9.81 million compared to $8.67 million in the previous year. Despite this revenue growth, the company faced a significant increase in operating losses, with a 104.31% rise in operating EBITDA losses to $3.62 million and a 74.91% increase in net losses to $5.66 million. The rise in losses is attributed to increased operating costs and a decline in membership subscription revenue, impacting the company’s financial performance and market positioning.
More about IncentiaPay Ltd.
Entertainment Rewards Ltd, formerly known as IncentiaPay Limited, operates in the entertainment and rewards industry, focusing on providing membership subscriptions, enterprise sales, and gift card sales. The company is listed on the Australian Securities Exchange (ASX) and aims to enhance customer engagement through its diverse range of services.
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$5.13M
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