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Northstar Gaming Holdings Inc (TSE:BET)
TSXV:BET
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Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 27, 2024
|% Change Since: ―
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong growth in wagering, revenue, and gross margins, driven by strategic market expansion and product innovation. However, concerns about revenue growth variability and the need for additional capital suggest financial challenges. Overall, the sentiment is balanced with significant achievements and notable challenges.Company Guidance
During NorthStar Gaming's Q3 2024 earnings call, CEO Michael Moskowitz provided an in-depth analysis of the company's financial performance and strategic initiatives. NorthStar Gaming, operating in the $8.5 billion Canadian market, reported a significant 69% year-over-year increase in total wagers, reaching $234 million for the quarter and $677 million year-to-date. Revenues grew by 45% to $6.9 million, while gross margins improved by 63% to $2.7 million, illustrating strong financial leverage and operational efficiency. The company's strategic partnerships, notably with Playtech, which invested over $23 million, and product innovations like the Sports Insights 2.0, contributed to a 58% rise in casino revenue and a 32% increase in active players. The company remains focused on expansion, particularly in Alberta, and aims for a $1 billion annualized wagering run rate by Q4 2024. NorthStar's marketing efficiency and customer retention strategies are also yielding high player values and retention rates. Looking ahead, NorthStar plans to pursue additional capital to fund further growth and maintain its trajectory toward profitability.Record Increase in Total Wagering
Total wagers reached $234 million in Q3 2024, up by $96 million or 69% from Q3 2023, marking the fourth consecutive quarter of record total wagering.
Strong Revenue Growth
Revenue in Q3 2024 was $6.9 million, an increase of $2.1 million or 45% over Q3 2023. Year-to-date revenue grew by 55%.
Significant Gross Margin Expansion
Gross margin in Q3 2024 increased by 63% year-over-year, reaching $2.7 million. Year-to-date gross margin rose by 72% to $8 million.
Successful Product Innovations
The rollout of NorthStar Industry-leading Insights 2.0 and a Blackjack Championship tournament saw increased engagement and player value.
Expansion and Market Positioning
NorthStar is expanding outside Ontario, contributing to a larger market opportunity, and leveraging strategic partnerships with Playtech and Torstar.
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TSE:BET 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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TSE:BET Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 27, 2024 | C$0.02 | C$0.02 | 0.00% |
| Aug 13, 2024 | C$0.04 | C$0.04 | 0.00% |
| May 23, 2024 | C$0.06 | C$0.06 | 0.00% |
| Apr 30, 2024 | C$0.08 | C$0.08 | 0.00% |
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 Northstar Gaming Holdings Inc (TSE:BET) report earnings?
Northstar Gaming Holdings Inc (TSE:BET) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Northstar Gaming Holdings Inc (TSE:BET) earnings time?
Northstar Gaming Holdings Inc (TSE:BET) earnings time is at Apr 24, 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 TSE:BET EPS forecast?
Currently, no data Available
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