PointsBet Reports 16% Revenue Decline in H1 FY27 as Australian Market Softens
Revenue fell to A$112.7m for six months to 30 September; normalised EBITDA swung to a A$6.9m loss.
Key Takeaways
- PointsBet reported a 16% year-on-year revenue decline to A$112.7 million for the six months to 30 September 2026.
- Normalised EBITDA swung from a A$2.9 million profit to a A$6.9 million loss in H1 FY27.
- Australian sports betting revenue fell 19% to A$91.8 million while cash active clients in Australia rose 2% to 237,265.
- Canadian combined revenue declined 6% to A$20.9 million as cash active clients in Canada increased 18% to 72,793.
PointsBet confirmed a 16% year-on-year revenue decline for the six months to 30 September 2026, with total revenue of A$112.7 million and normalised EBITDA moving from a A$2.9 million profit to a A$6.9 million loss. Net win fell 17% to A$122.1 million, driven primarily by weakness in Australian sports betting and lower spending per active client.
Financial results for H1 FY27
Total revenue for the period ended 30 September reached A$112.7 million, down from A$134.9 million in the prior-year period. Normalised EBITDA declined from a positive A$2.9 million to a loss of A$6.9 million, matching previewed figures. Net win — total stakes received minus winnings paid — was A$122.1 million, a 17% decrease year-on-year, split into A$107.0 million from sports betting (an 18% fall) and A$15.2 million from iGaming (flat from A$15.3 million).
Global cash active clients rose 6% to 310,058, supported by customer acquisition in Australia and Canada, while marketing spend increased 6% to A$33.1 million.
Australian sports betting: lower spend per user and compliance effects
Australian sports betting revenue dropped 19% to A$91.8 million and Australian net win fell 18% to A$101.2 million. Handle in Australia declined 14% to A$1.03 billion. Cash active clients in Australia increased 2% to 237,265, indicating the decline came from reduced spend per user rather than fewer customers. PointsBet reported sustained double-digit declines among its highest-value customer cohort after introducing proactive compliance measures.
Promotional intensity weighed on margins: promotions represented 27.9% of gross win for the half, up from 24.4% previously, and peaked at 32.8% across August and September. You can read related company product and market coverage in our sports section.
Canadian operations and platform activity
Combined Canadian iGaming and sports betting revenue fell 6% to A$20.9 million, matching a 6% drop in Canadian net win to A$20.9 million. Cash active clients in Canada increased 18% to 72,793. Canadian iGaming net win held at A$15.2 million on a 10% increase in handle, while Canadian sports betting net win declined to A$5.7 million and handle fell 38%, though sports betting margins improved from 7.9% to 10.6%.
PointsBet attributed the Canadian sports betting turnover contraction to churn among a small group of high-staking patrons in the first quarter and said it reinvested in acquisition ahead of major sporting calendars. The operator deployed a new Bede casino platform in Canada and is preparing a planned launch in Alberta by 2026, subject to final regulatory approvals. For related content see our casino coverage.
Group profit, costs and regulatory notes
Group gross profit declined 15% to A$57.1 million. Australian gross profit fell 17% to A$46.9 million while Canadian gross profit rose 6% to A$10.1 million. Other operating expenses were reduced by 6% to A$30.8 million as the group maintained operating cost disciplines.
PointsBet also reiterated that it moved its financial year-end from 30 June to 31 March to align with parent company MIXI Australia. In regulatory developments, the Alcohol and Gaming Commission of Ontario reduced a proposed PointsBet Canada website suspension from five days to two following discussions about historical supervisory reviews.
The company confirmed these H1 FY27 figures in its trading update published 30 October 2026 and said the results reflected both market softness in Australia and investments in Canada.
Frequently Asked Questions
What were PointsBet's headline H1 FY27 revenue and EBITDA figures?
PointsBet recorded A$112.7 million in revenue for the six months to 30 September 2026 and a normalised EBITDA loss of A$6.9 million. Revenue fell 16% year-on-year and EBITDA moved from a A$2.9 million profit to a A$6.9 million loss.
How did Australian operations perform in H1 FY27?
Australian sports betting revenue declined 19% to A$91.8 million and Australian net win dropped 18% to A$101.2 million. Handle in Australia fell 14% to A$1.03 billion while cash active clients grew 2% to 237,265.
What changed in PointsBet's Canadian business during the half?
Combined Canadian iGaming and sports betting revenue decreased 6% to A$20.9 million and Canadian net win matched that figure. Cash active clients in Canada rose 18% to 72,793; Canadian iGaming net win remained A$15.2 million while Canadian sports betting handle fell 38%.
Did regulatory action affect PointsBet during H1 FY27?
The Alcohol and Gaming Commission of Ontario reduced a proposed PointsBet Canada website suspension from five days to two after discussions on historical supervisory reviews. The company also aligned its financial year-end with parent MIXI Australia, moving to 31 March.
Tags
About the author
Oliver Grant
Industry Technology Correspondent
Oliver Grant covers the technology and business machinery of iGaming — platform and data deals, AI and compliance tooling, affiliate and marketing shifts, and the quarterly numbers behind them. The reports lead with the announcement, name the vendors and figures exactly as published, and separate genuine capability from press-release promise. When a supplier ships a new engine or a regulator tightens ad rules, Oliver Grant explains what actually changes for the companies involved.
More from Oliver Grant
