PointsBet Holdings Ltd. (AU:PBH) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
PointsBet Holdings Ltd. has successfully completed the sale of its US business to Fanatics Betting and Gaming for $225 million, allowing it to return $442.4 million to shareholders. The company reported strong financial performance, with a 16% increase in total net win and improved gross profit margins. Despite challenges, PointsBet continues to excel in Australia and Canada while restructuring for future growth.
For further insights into AU:PBH stock, check out TipRanks’ Stock Analysis page.
