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PointsBet Holdings Ltd.
(OTC:PBH)
PointsBet Holdings Ltd. (PBH) vs. S&P 500 (SPY)
PointsBet Holdings Ltd. Business Overview & Revenue Model
PointsBet Holdings Ltd. Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 245.49M | 210.30M | 195.41M | 194.66M | 75.17M | Gross Profit |
| 129.57M | 12.84M | 57.36M | 23.96M | 2.19M | EBIT |
| -28.24M | -100.27M | -35.29M | -173.50M | -44.52M | EBITDA |
| -3.42M | -78.74M | -25.50M | -171.47M | -35.87M | Net Income Common Stockholders |
| -42.32M | -369.61M | -267.69M | -187.73M | -41.46M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 42.18M | 552.99M | 519.60M | 276.16M | 144.34M | Total Assets |
| 81.87M | 606.77M | 961.09M | 624.41M | 216.17M | Total Debt |
| 2.25M | 3.59M | 17.70M | 11.64M | 9.04M | Net Debt |
| -39.93M | -151.25M | -197.56M | -264.52M | -57.23M | Total Liabilities |
| 62.61M | 105.31M | 224.73M | 176.86M | 39.05M | Stockholders Equity |
| 19.26M | 501.45M | 736.36M | 447.55M | 177.13M |
| Cash Flow | Free Cash Flow | |||
| -10.48M | -298.80M | -286.10M | -154.10M | -50.71M | Operating Cash Flow |
| 5.46M | -248.91M | -197.53M | -119.14M | -30.32M | Investing Cash Flow |
| 277.29M | -52.76M | -93.19M | -77.78M | -21.39M | Financing Cash Flow |
| -442.61M | -4.49M | 515.28M | 339.43M | 118.25M |
PointsBet Holdings Ltd. Technical Analysis
PointsBet Holdings Ltd. Peers Comparison
PointsBet Holdings Ltd. Earnings Call Summary
PointsBet Holdings Ltd. Corporate Events
PointsBet Holdings Limited has announced a proposed acquisition by MIXI Australia Pty Ltd, a subsidiary of MIXI, Inc. The acquisition will be executed through a scheme of arrangement, offering PointsBet shareholders a cash consideration that represents a substantial premium over recent trading prices. The PointsBet Board has unanimously recommended the proposal, pending shareholder approval and an independent expert’s endorsement. The transaction is expected to be finalized by June 2025, contingent on meeting all conditions.
PointsBet Holdings Limited has announced a change in the status of a substantial holder, as the holder ceased to be substantial on February 28, 2025. This change in substantial holding could impact the company’s voting securities and influence its market dynamics, potentially affecting shareholder interests and company governance.
PointsBet Holdings Ltd. has announced a change in the relevant interests of its substantial holders, with Wilson Asset Management Group increasing its voting power from 5.47% to 6.80%. This shift in voting power reflects a significant change in the company’s shareholder structure, potentially impacting its governance and decision-making processes.
PointsBet Holdings Ltd. announced the cessation of 33,333 securities due to the expiry of options or other convertible securities without exercise or conversion as of February 27, 2025. This announcement reflects a routine adjustment in the company’s issued capital, which could impact stakeholders by altering the company’s capital structure but does not indicate any immediate strategic shift.
PointsBet Holdings Ltd. has been relieved from the obligation to submit quarterly Appendix 4C reports to the ASX, following the company’s performance over the last four quarters. This change allows PointsBet to focus on submitting half-yearly and preliminary final reports, potentially streamlining its reporting process and impacting its operational efficiency and stakeholder communications.
BlueBet Holdings Ltd has made a non-binding offer to acquire PointsBet Holdings Ltd, valued at $340-$360 million, with the potential to unlock $40 million in annual synergies. This acquisition is expected to provide strategic and financial benefits, including increased scale and access to key technology assets, which aligns with BlueBet’s growth ambitions. The offer includes a mix of cash and scrip consideration, with BlueBet securing necessary equity funding and expressing confidence in completing due diligence swiftly.
PointsBet Holdings Ltd. reported a 6% increase in revenue from ordinary activities for the half-year ended December 31, 2024, compared to the previous year. Despite a net loss of $17.2 million, the loss was reduced by 47% from the prior period. The company did not declare any dividends for the interim period, and its net tangible assets per share decreased significantly. These results reflect PointsBet’s ongoing efforts to stabilize its financial performance amidst a competitive market landscape.
PointsBet Holdings Limited has entered into a Scheme Implementation Deed with MIXI, Inc and its subsidiary MIXI Australia for the acquisition of 100% of PointsBet’s issued share capital. The acquisition will be conducted via a scheme of arrangement, offering PointsBet shareholders a cash consideration of $1.06 per share, a significant premium over recent trading prices. The PointsBet Board unanimously supports the scheme, viewing it as a valuable opportunity for shareholders to realize cash value at a premium, subject to regulatory and shareholder approvals. The scheme is expected to be implemented by mid-June 2025, pending necessary approvals.
PointsBet Holdings Ltd. announced that it will release its H1 FY25 results on February 26, 2025, accompanied by an investor conference call. This announcement signals a continued engagement with stakeholders and provides insights into the company’s financial health and strategic positioning in the competitive wagering market.
PointsBet Holdings Ltd. announced the cessation of 325,000 securities options due to expiration without exercise or conversion as of February 17, 2025. This development may influence the company’s capital structure and could signal a shift in strategic priorities or market conditions affecting stakeholder positions.
PointsBet Holdings Ltd., a company in the sports betting and gaming industry, has announced that Wilson Asset Management Group has become a substantial holder in the company, acquiring a 5.47% voting power through their interest in 18,159,220 ordinary shares. This significant acquisition by Wilson Asset Management Group indicates a strong vote of confidence in PointsBet’s future prospects and may influence the company’s market position and stakeholder interests moving forward.
PointsBet Holdings Ltd. has released its Q2 FY25 quarterly activities report, which outlines the company’s current financial position and provides insights into its operational strategies. The document emphasizes that any forecasts or financial information are based on subjective judgments and inherent uncertainties, and thus should not be relied upon as promises of future performance. This release underscores the company’s caution regarding forward-looking statements and highlights the inherent risks and variability in its financial projections.