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PointsBet Holdings Ltd. (PBTHF)
:PBTHF
Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.05Last Year’s EPS
-0.03Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 21, 2024
|% Change Since: 61.76%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Neutral
The earnings call highlights improvements in EBITDA and Australian market performance, along with growth in the Canadian customer base. However, challenges such as customer-friendly results affecting net win and a revenue guidance downgrade due to various factors balance the positive aspects.Company Guidance
During the Q2 FY '25 PointsBet Holdings Limited conference call, the company provided guidance on key financial metrics, highlighting significant improvements in their performance. The Group reported an improvement in H1 EBITDA by $10 million compared to the previous corresponding period (PCP), resulting in a loss of $3.3 million, and achieved a full-year EBITDA profit of $8.2 million for calendar year 2024. The guidance for FY '25 EBITDA was narrowed to a range of $11 million to $14 million, while revenue guidance was updated to $260 million to $270 million due to customer-friendly outcomes and softness in the VIP cohort. PointsBet achieved record net win and gross profit margins in Australia, with net win margins consistently exceeding 10% over the past four quarters. The company also noted improvements in their generosity spend efficiency and significant growth in their Canadian market, despite some unfavorable results in certain segments. PointsBet continues to invest in technology and marketing, aiming for sustainable growth and strong gross profit efficiency.Improved EBITDA Position
The company improved its H1 EBITDA position by $10 million compared to the previous corresponding period (PCP), with a loss of $3.3 million, and delivered a full-year EBITDA profit for 2024 of $8.2 million.
Record Australian Performance
Australia achieved new Q2 records with net win up 2% to $60.5 million and gross profit up 16% to $28.9 million compared to the PCP. Total Australian cash actives increased by 8%.
Growth in Canadian Market
Canada's 12-month rolling cash active clients grew 49% compared to the PCP. H1 total net win growth was 14% versus the PCP, with a stronger mix of higher-margin Slots games.
Gross Profit Margin Efficiency
The company achieved gross profit margin growth due to improved efficiency, with Australian gross profit efficiency driven by a mix of high-cost racing and lower-cost international sports.
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PBTHF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PBTHF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Aug 21, 2024 | $0.34 | $0.35 | +2.94% |
| Oct 25, 2023 | $0.44 | $0.44 | 0.00% |
| Aug 30, 2023 | $1.00 | $0.84 | -16.00% |
| Aug 30, 2022 | $2.33 | $2.17 | -6.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does PointsBet Holdings Ltd. (PBTHF) report earnings?
PointsBet Holdings Ltd. (PBTHF) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is PointsBet Holdings Ltd. (PBTHF) earnings time?
PointsBet Holdings Ltd. (PBTHF) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PBTHF EPS forecast?
PBTHF EPS forecast for the fiscal quarter 2025 (Q2) is -0.05.
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