PointsBet Upgrades EBITDA Guidance for FY24

PointsBet Holdings Limited (ASX: PBH) has revised its FY24 Normalized EBITDA loss forecast to AU$4-AU$6 million, significantly better than the previous estimate of AU$9-AU$14 million. This improvement stems from robust trading performance, enhanced operational efficiency, and productivity gains in H2 FY24. Compared to the FY23 EBITDA loss of AU$49 million, this marks a substantial recovery.

PointsBet's CEO, Sam Swanell, highlighted the company’s ability to deliver strong results despite undergoing technical and operational changes, including the sale of its US business. He emphasized ongoing investments in technology, product capabilities, and marketing, which are driving market share growth and positioning the company for continued success in FY25 and beyond.

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