Reported Earnings • Jun 25
Full year 2026 earnings released: AU$0.10 loss per share (vs AU$0.064 loss in FY 2025) Full year 2026 results: AU$0.10 loss per share (further deteriorated from AU$0.064 loss in FY 2025). Revenue: AU$248.8m (down 3.1% from FY 2025). Net loss: AU$35.5m (loss widened 68% from FY 2025). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Hospitality industry in Australia. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Chairman Brett Paton was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • May 01
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: AU$23m Forecast net loss in 2 years: AU$1.4m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Negative equity (-AU$13m). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (AU$1.4m net loss in 2 years). Breakeven Date Change • May 01
Forecast breakeven date pushed back to 2028 The analyst covering PointsBet Holdings previously expected the company to break even in 2027. New forecast suggests the company will make a profit of AU$560.0k in 2028. Average annual earnings growth of 76% is required to achieve expected profit on schedule. Board Change • May 01
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Chairman Brett Paton was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Chairman Brett Paton was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 29
PointsBet Holdings Limited, Annual General Meeting, Nov 28, 2025 PointsBet Holdings Limited, Annual General Meeting, Nov 28, 2025. Location: level 19, 181 william street, melbourne victoria 3000 Australia Reported Earnings • Aug 31
Full year 2025 earnings released: AU$0.055 loss per share (vs AU$0.13 loss in FY 2024) Full year 2025 results: AU$0.055 loss per share (improved from AU$0.13 loss in FY 2024). Revenue: AU$261.4m (up 6.5% from FY 2024). Net loss: AU$18.2m (loss narrowed 57% from FY 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Hospitality industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. Announcement • Aug 27
PointsBet Holdings Limited to Report Fiscal Year 2025 Results on Aug 29, 2025 PointsBet Holdings Limited announced that they will report fiscal year 2025 results on Aug 29, 2025 Board Change • Aug 18
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Bill Grounds was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 27
MIXI Australia Pty Ltd agreed to acquire PointsBet Holdings Limited (ASX:PBH) for approximately AUD 370 million MIXI Australia Pty Ltd agreed to acquire PointsBet Holdings Limited (ASX:PBH) for approximately AUD 370 million on February 26, 2025. A cash consideration of AUD 370 million valued at AUD 1.06 per share will be paid by MIXI Australia Pty Ltd. As part of consideration, AUD 370 million is paid towards common equity of PointsBet Holdings Limited. In case of termination of transaction, MIXI Australia Pty Ltd will pay a termination fee of AUD 2.50 million and seller will pay a termination fee of AUD 3.50 million.
The transaction is subject to approval by regulatory board / committee, approval of merger agreement by target board, approval of offer by target shareholders and subject to court approval. The deal has been unanimously approved by the board. The expected completion of the transaction is June 11, 2025 to June 20, 2025.
Flagstaff Partners Pty Ltd acted as financial advisor for PointsBet Holdings Limited. Baker & McKenzie acted as legal advisor for PointsBet Holdings Limited. Computershare Investor Services Pty Limited acted as transfer agent/registrar for PointsBet Holdings Limited. Announcement • Feb 20
PointsBet Holdings Limited to Report First Half, 2025 Results on Feb 26, 2025 PointsBet Holdings Limited announced that they will report first half, 2025 results on Feb 26, 2025 Board Change • Feb 04
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Bill Grounds was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 22
PointsBet Holdings Limited to Report Q2, 2025 Results on Jan 31, 2025 PointsBet Holdings Limited announced that they will report Q2, 2025 results on Jan 31, 2025 Board Change • Dec 24
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Bill Grounds was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 09
PointsBet Reportedly Could Soon Be the Subject Takeover Bid from Overseas Suitor PointsBet Holdings Limited (ASX:PBH) could soon be the subject of a takeover bid worth more than $300 million from an overseas suitor, sources say. The listed bookmaker is understood to have held talks in recent months with potential merger partners or companies looking to acquire it. Some of the talks are likely to have been informal. Pointsbet shares are up more than 80% since the start of September, and climbed about 6% on November 8, 2024. At least one suitor from Asia is said to have entered serious talks about a potential merger or takeover, which would likely be subject to regulatory approval and Foreign Investment Review Board scrutiny. Pointsbet's market capitalisation reached about $290 million on November 8, 2024. Any takeover offer would likely be at a premium to its current share price, suggesting a bid would be more than $300 million. Announcement • Oct 24
PointsBet Holdings Limited to Report Q1, 2025 Results on Oct 31, 2024 PointsBet Holdings Limited announced that they will report Q1, 2025 results on Oct 31, 2024 Reported Earnings • Aug 22
Full year 2024 earnings released Full year 2024 results: Revenue: AU$245.5m (up 17% from FY 2023). Net loss: AU$42.3m (loss narrowed 61% from FY 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Hospitality industry in Australia. Announcement • Aug 16
PointsBet Holdings Limited to Report Fiscal Year 2024 Results on Aug 22, 2024 PointsBet Holdings Limited announced that they will report fiscal year 2024 results on Aug 22, 2024 Breakeven Date Change • Jul 31
Forecast breakeven date moved forward to 2025 The 6 analysts covering PointsBet Holdings previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 69% to 2024. The company is expected to make a profit of AU$2.48m in 2025. Average annual earnings growth of 115% is required to achieve expected profit on schedule. Breakeven Date Change • Jul 23
Forecast breakeven date moved forward to 2025 The 6 analysts covering PointsBet Holdings previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 69% to 2024. The company is expected to make a profit of AU$427.9k in 2025. Average annual earnings growth of 89% is required to achieve expected profit on schedule. Announcement • Jul 08
PointsBet Holdings Limited to Report Q4, 2024 Results on Jul 31, 2024 PointsBet Holdings Limited announced that they will report Q4, 2024 results on Jul 31, 2024 Breakeven Date Change • Jul 03
Forecast breakeven date moved forward to 2025 The 5 analysts covering PointsBet Holdings previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 71% to 2024. The company is expected to make a profit of AU$1.06m in 2025. Average annual earnings growth of 87% is required to achieve expected profit on schedule. New Risk • Jun 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$185m). Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (6.1% increase in shares outstanding). Board Change • Jun 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. Independent Non-Executive Director Bill Grounds was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Breakeven Date Change • May 21
Forecast breakeven date pushed back to 2026 The 6 analysts covering PointsBet Holdings previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of AU$25.8m in 2026. Average annual earnings growth of 114% is required to achieve expected profit on schedule. New Risk • May 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$148.1m (US$97.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$185m). Shareholders have been diluted in the past year (6.1% increase in shares outstanding). Market cap is less than US$100m (AU$148.1m market cap, or US$97.4m). Breakeven Date Change • Apr 29
Forecast breakeven date moved forward to 2025 The 6 analysts covering PointsBet Holdings previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 69% to 2024. The company is expected to make a profit of AU$500.0k in 2025. Average annual earnings growth of 116% is required to achieve expected profit on schedule. Announcement • Apr 10
PointsBet Holdings Limited to Report Q3, 2024 Results on Apr 24, 2024 PointsBet Holdings Limited announced that they will report Q3, 2024 results on Apr 24, 2024 Announcement • Apr 05
FBG Enterprises Opco, LLC completed the acquisition of PointsBet USA Inc. from PointsBet Holdings Limited (ASX:PBH). FBG Enterprises Opco, LLC entered into a stock and equity sale agreement to acquire PointsBet USA Inc. from PointsBet Holdings Limited (ASX:PBH) for $150 million on May 14, 2023. As for consideration the purchase price is $150 million on a cash free, debt free basis Transaction is subject to a number of conditions including regulatory approvals and PointsBet shareholders to vote on the Proposed Transaction at a Shareholder Meeting expected to be held in late June 2023. The PointsBet Board unanimously recommends that shareholders vote in favor of the Proposed Transaction at the Shareholder Meeting, in the absence of a Superior Proposal. Following completion of the sale of the US Business, the Company intends to distribute to shareholders the net sale proceeds (after applicable taxes and transaction costs) together with the majority of the Company’s current corporate cash reserves that will be surplus to the needs of the remaining business. PointsBet must pay a fee of $1.5 million if FBG Enterprises Opco, LLC terminates the Sale Agreement because PointsBet’s board or any board member fails to make or changes its recommendation that PointsBet’s shareholders approve the Proposed Transaction. As of June 28, 2023, PointsBet has amended its Stock and Equity Sale Agreement with FBG, increasing cash consideration to $225 million or $75 million higher than originally agreed. The consideration will be paid in two-stages, with $175 million (including the full $75 million increase in headline cash consideration) to be received at the initial completion and $50 million to be received at the subsequent completion, subject to agreed adjustments. As of June 30, 2023, the board and the shareholders of PointsBet Holdings approved the transaction. As of July 28, 2023, PointsBet to approach Shareholders for approval on the the proposed transaction expected timing of the Initial Completion in Early-September 2023 and subsequent completion in March 2024, at the Hybrid Extraordinary General Meeting to held on August 29, 2023. As of August 31, 2023, regulatory approval received.
Moelis & Company LLC and Flagstaff Partners Pty Ltd acted as financial advisors to PointsBet Holdings Limited. Jenner & Block LLP, Lance Sacks, Adrian Lawrence of Baker & McKenzie and Orrick, Herrington & Sutcliffe LLP acted as legal advisors to PointsBet Holdings Limited. Randi Mason, Jessica Lipson, Isaac Grossman, Jeff Laska, Jeff Englander, and Seth Segan of Morrison Cohen LLP acted as legal advisor to FBG Enterprises.
FBG Enterprises Opco, LLC completed the acquisition of PointsBet USA Inc. from PointsBet Holdings Limited (ASX:PBH) on April 3, 2024. Mark Hughes and Aonghus Mulvihill will join the executive leadership team at Fanatics Betting and Gaming from PointsBet USA. In addition, more than 200 PointsBet employees are joining FBG in a variety of roles and the company has taken over the leases of the former PointsBet offices in Denver, CO and Dublin, Ireland. Breakeven Date Change • Feb 27
No longer forecast to breakeven The 5 analysts covering PointsBet Holdings no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$5.04m in 2026. New consensus forecast suggests the company will make a loss of AU$1.41m in 2026. Reported Earnings • Feb 26
First half 2024 earnings released: AU$0.10 loss per share (vs AU$0.58 loss in 1H 2023) First half 2024 results: AU$0.10 loss per share (improved from AU$0.58 loss in 1H 2023). Revenue: AU$117.6m (down 34% from 1H 2023). Net loss: AU$32.7m (loss narrowed 82% from 1H 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Hospitality industry in Australia. Announcement • Feb 13
PointsBet Holdings Limited to Report Q2, 2024 Results on Feb 26, 2024 PointsBet Holdings Limited announced that they will report Q2, 2024 results on Feb 26, 2024 Announcement • Jan 15
PointsBet Holdings Limited to Report Q2, 2024 Results on Jan 31, 2024 PointsBet Holdings Limited announced that they will report Q2, 2024 results on Jan 31, 2024 Announcement • Nov 29
Pointsbet Holdings Limited Provides Earnings Guidance for the Fiscal Year 2024 PointsBet Holdings Limited provided earnings guidance for the fiscal year 2024. For the year, company expected revenue to grow to 10% to 20%. Announcement • Oct 27
PointsBet Holdings Limited, Annual General Meeting, Nov 28, 2023 PointsBet Holdings Limited, Annual General Meeting, Nov 28, 2023, at 10:00 AUS Eastern Standard Time. Location: Le Ciel 6/13 Cremorne Street, Cremorne, VIC 3121 Cremorne Australia Agenda: To receive and consider the Financial Report, Directors' Report and Auditor's Report for the year ended 30 June 2023; to consider Election of Director William Grounds; to consider Re-election of Director Becky Harris; to consider Re-election of Director Manjit Gombra-Singh; to consider Renewal of Key Employee Equity Plan; to consider Remuneration Report; and to consider other issues. New Risk • Oct 26
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: AU$108m Forecast net loss in 3 years: AU$6.0m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$299m). Currently unprofitable and not forecast to become profitable over next 3 years (AU$6.0m net loss in 3 years). Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Announcement • Oct 17
PointsBet Holdings Limited to Report Q1, 2024 Results on Oct 25, 2023 PointsBet Holdings Limited announced that they will report Q1, 2024 results on Oct 25, 2023 New Risk • Sep 24
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -AU$299m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$299m). Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Breakeven Date Change • Sep 19
Forecast to breakeven in 2026 The 6 analysts covering PointsBet Holdings expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 39% per year to 2025. The company is expected to make a profit of AU$690.9k in 2026. Average annual earnings growth of 67% is required to achieve expected profit on schedule. New Risk • Sep 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$51m net loss in 3 years). Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Recent Insider Transactions • Sep 05
Co-Founder recently bought AU$511k worth of stock On the 4th of September, Samuel Swanell bought around 300k shares on-market at roughly AU$1.70 per share. This transaction amounted to 5.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Samuel's only on-market trade for the last 12 months. Reported Earnings • Aug 31
Full year 2023 earnings released: AU$0.35 loss per share (vs AU$1.05 loss in FY 2022) Full year 2023 results: AU$0.35 loss per share (improved from AU$1.05 loss in FY 2022). Revenue: AU$210.3m (down 29% from FY 2022). Net loss: AU$107.9m (loss narrowed 60% from FY 2022). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Hospitality industry in Australia. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 51% per year, which means it is performing significantly worse than earnings. Breakeven Date Change • Aug 31
No longer forecast to breakeven The 7 analysts covering PointsBet Holdings no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$208.0m in 2026. New consensus forecast suggests the company will make a loss of AU$103.1m in 2026. Announcement • Jul 29
PointsBet Holdings Limited, Annual General Meeting, Aug 29, 2023 PointsBet Holdings Limited, Annual General Meeting, Aug 29, 2023, at 10:00 AUS Eastern Standard Time. Location: Baker McKenzie, Level 19, 181 William St Melbourne Victoria Australia Agenda: To approve Return of Capital; and to approve Benefits to Specific Employees on Transfer of Undertaking or Property of the Company. Announcement • Jul 18
PointsBet Holdings Limited to Report Q4, 2023 Results on Jul 28, 2023 PointsBet Holdings Limited announced that they will report Q4, 2023 results on Jul 28, 2023 New Risk • Jul 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$169m net loss in 3 years). Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Announcement • Jun 17
DraftKings Inc. (NasdaqGS:DKNG) submitted a bid to acquire PointsBet USA Inc. from PointsBet Holdings Limited (ASX:PBH) for $195 million. DraftKings Inc. (NasdaqGS:DKNG) submitted a bid to acquire PointsBet USA Inc. from PointsBet Holdings Limited (ASX:PBH) for $195 million on June 15, 2023. The transaction is on a debt-free and cash-free basis. The Proposed Transaction will not be subject to any financing condition, as DraftKings would complete the Proposed Transaction using cash from its balance sheet. DraftKings expects that customary regulatory approvals, including the approval of gaming regulators in relevant U.S. jurisdictions, will be required in connection with the Proposed Transaction. DraftKings’ entry into definitive agreements will be subject to the satisfactory completion of our reasonable due diligence, the negotiation of mutually acceptable transaction documentation and final internal approvals. Subject to the outcome of the review being undertaken of the DraftKings Proposal, the Board continues to recommend that Shareholders vote in favour of the FBG Transaction. Due diligence could be completed and definitive agreements executed in approximately three weeks. BofA Securities and The Raine Group acted as financial advisor to DraftKings. Sullivan & Cromwell LLP acted as legal advisor to DraftKings. Announcement • May 16
Fanatics, Inc. entered into a stock and equity sale agreement to acquire PointsBet USA Inc. from PointsBet Holdings Limited (ASX:PBH) for $150 million Fanatics, Inc. entered into a stock and equity sale agreement to acquire PointsBet USA Inc. from PointsBet Holdings Limited (ASX:PBH) for $150 million on May 14, 2023. As for consideration the purchase price is $150 million on a cash free, debt free basis Transaction is subject to a number of conditions including regulatory approvals and PointsBet shareholders to vote on the Proposed Transaction at a Shareholder Meeting expected to be held in late June 2023. The PointsBet Board unanimously recommends that shareholders vote in favour of the Proposed Transaction at the Shareholder Meeting, in the absence of a Superior Proposal. Following completion of the sale of the US Business, the Company intends to distribute to shareholders the net sale proceeds (after applicable taxes and transaction costs) together with the majority of the Company’s current corporate cash reserves that will be surplus to the needs of the remaining business.Moelis & Company LLC and Flagstaff Partners Pty Ltd acted as financial advisors to PointsBet Holdings Limited. Jenner & Block LLP, Baker & McKenzie and Orrick, Herrington & Sutcliffe LLP acted as legal advisors to PointsBet Holdings Limited. Reported Earnings • Feb 28
First half 2023 earnings released: AU$0.58 loss per share (vs AU$0.59 loss in 1H 2022) First half 2023 results: AU$0.58 loss per share. Revenue: AU$178.1m (up 28% from 1H 2022). Net loss: AU$178.2m (loss widened 22% from 1H 2022). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Hospitality industry in Australia. Announcement • Jan 02
PointsBet Holdings Limited Unveils its Mobile App and Digital Sports Betting Product in the State of Ohio PointsBet Holdings Limited announced the company has officially unveiled its mobile app and digital sports betting product in the state of Ohio. Ohio marks the 14th operational state for PointsBet's premium sports betting product, following successful launches in New Jersey, Iowa, Indiana, Illinois, Colorado, Michigan, West Virginia, Virginia, New York, Pennsylvania, Kansas, Louisiana, and most recently Maryland. As part of its OddsFactory proprietary technology integration, PointsBet brings fans closer to the action with hundreds of live betting options across all sports. Currently, PointsBet offers LIGHTNING BETS™ for NFL, NBA, NCAAB, MLB, and soccer. PointsBet is the only operator in the market to offer Name A Bet, Live Same Game Parlays, and Pointsbetting. Name a Bet allows bettors to suggest their own market to PointsBet traders for pricing. Live Same Game Parlays enables bettors to create same game parlays once a contest has started. Pointsbetting ups the excitement level of a bet with potential winnings or losses changing until the very end of the game. Starting on launch day, Ohio customers will be able to take advantage of PointsBet's Daily Power Hour from 1:00 – 2:00 pm EST, featuring special promotions ranging from bet credits to odds boosts. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Kosha Gada was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 01
Full year 2022 earnings released: AU$1.05 loss per share (vs AU$0.97 loss in FY 2021) Full year 2022 results: AU$1.05 loss per share (down from AU$0.97 loss in FY 2021). Revenue: AU$296.5m (up 52% from FY 2021). Net loss: AU$267.7m (loss widened 43% from FY 2021). Over the next year, revenue is forecast to grow 58%, compared to a 28% growth forecast for the Hospitality industry in Australia. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Aug 31
PointsBet Holdings Limited to Report First Half, 2023 Results on Feb 28, 2023 PointsBet Holdings Limited announced that they will report first half, 2023 results on Feb 28, 2023 Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Kosha Gada was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 21
PointsBet Holdings Limited to Report Q3, 2022 Results on Apr 29, 2022 PointsBet Holdings Limited announced that they will report Q3, 2022 results on Apr 29, 2022 Reported Earnings • Feb 27
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: AU$0.59 loss per share (down from AU$0.48 loss in 1H 2021). Revenue: AU$139.1m (up 85% from 1H 2021). Net loss: AU$146.4m (loss widened 71% from 1H 2021). Revenue missed analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 59%, compared to a 38% growth forecast for the industry in Australia. Announcement • Feb 04
PointsBet Approves as a Licensed Sportsbook in Ontario PointsBet Holdings Limited announced that its wholly-owned subsidiary PointsBet Canada has officially been approved by the Alcohol and Gaming Commission of Ontario as a licensed sportsbook in Ontario, effective April 4, 2022. Ontario is Canada's most populous province and its second geographically, covering more than 1 million square kilometres. It is home to Ottawa, Canada's capital, with over 14.8 million people and a host of professional sports teams. Announcement • Jan 28
PointsBet Becomes First Sportsbook to Offer Live Same Game Parlay Bet Types for NFL and NBA Contests PointsBet announced it is the first sportsbook to offer live, in-game, same game parlay options for NFL and NBA contests as a part of its OddsFactory proprietary technology integration. Clients now have the ability to instantly build their perfect PointsBet "Live Same Game Parlay" while tracking odds, player performance, and team stats. Customers will have the ability to choose any live NFL and NBA event, select the "same game parlay" tab, and parlay multiple outcomes in that select game while watching live. Users will also have access to boost their live same game parlay odds with PointsBet's daily Parlay Booster. For the best user experience, customers can place a live same game parlay bet during timeouts and breaks in play. PointsBet is an Approved Sportsbook Operator of the NFL, Authorized Sports Betting Operator of the NBA, and the Official Sports Betting Partner of NBC Sports. PointsBet recently broke ground in becoming the first U.S. sports betting provider to offer clients live, in-game betting opportunities with zero suspensions across the core markets of spread and moneyline as part of a test run during NBC's broadcast of the NFL Wildcard Playoff game between the Las Vegas Raiders and Cincinnati Bengals. PointsBet currently operates its sports betting product in Colorado, Illinois, Indiana, Iowa, Michigan, New Jersey, New York, Virginia, and West Virginia, with online casinos in Michigan, New Jersey, and West Virginia. Announcement • Jan 27
PointsBet Unveils Online Casino Product in West Virginia PointsBet unveiled its proprietary online casino product to the West Virginia market, following the launch of the company's mobile app and digital sports betting product in the state in August of 2021. Following successful launches in Michigan and New Jersey, West Virginia marks the third state in which PointsBetoffers its proprietary iGaming platform. PointsBet unveiled its online casino product in Michigan in May of2021, followed by New Jersey in July. PointsBet gained online casino access to West Virginia through its relationship with the Hollywood Casino atCharles Town Races. PointsBet users in the state will have access to 15 games, including 88 Fortunes,Blackjack, and Monopoly Megawaysâ„¢, through a partnership with Scientific Games Digital. Recent Insider Transactions • Sep 08
Independent Non-Executive Director recently bought AU$50k worth of stock On the 6th of September, Kosha Gada bought around 5k shares on-market at roughly AU$10.57 per share. In the last 3 months, there was an even bigger purchase from another insider worth AU$5.6m. Despite this recent purchase, insiders have collectively sold AU$17m more in shares than they bought in the last 12 months. Reported Earnings • Sep 01
Full year 2021 earnings released: AU$0.97 loss per share (vs AU$0.30 loss in FY 2020) The company reported a decent full year result with improved revenues, although losses increased and control over costs was weaker. Full year 2021 results: Revenue: AU$194.7m (up 159% from FY 2020). Net loss: AU$187.1m (loss widened 351% from FY 2020). Announcement • Aug 05
PointsBet Holdings Limited has completed a Follow-on Equity Offering in the amount of AUD 184.933184 million. PointsBet Holdings Limited has completed a Follow-on Equity Offering in the amount of AUD 184.933184 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 23,116,648
Price\Range: AUD 8
Discount Per Security: AUD 0.18
Transaction Features: Rights Offering Reported Earnings • Feb 27
First half 2021 earnings released: AU$0.48 loss per share (vs AU$0.26 loss in 1H 2020) The company reported a solid first half result with improved revenues and control over costs, although losses increased. First half 2021 results: Revenue: AU$75.1m (up 174% from 1H 2020). Net loss: AU$85.6m (loss widened 165% from 1H 2020). Analyst Estimate Surprise Post Earnings • Feb 27
Revenue in line with expectations Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 129%, compared to a 34% growth forecast for the Hospitality industry in Australia. Is New 90 Day High Low • Feb 03
New 90-day high: AU$16.38 The company is up 45% from its price of AU$11.31 on 05 November 2020. The Australian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 11% over the same period. Is New 90 Day High Low • Jan 13
New 90-day high: AU$13.19 The company is up 22% from its price of AU$10.81 on 16 October 2020. The Australian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 4.0% over the same period. Announcement • Jan 13
PointsBet Becomes Official Gaming Partner for the Detroit Red Wings and Little Caesars Arena The Detroit Red Wings have entered into a strategic multi-year partnership with PointsBet. The partnership, designed to enhance fan engagement and game-day excitement, includes the rebranding of Sports & Social Detroit at Little Caesars Arena to the PointsBet Sports Bar. Expected to be operational in 2021, the PointsBet Sports Bar will offer a full-service food & beverage menu, high-definition televisions, live betting odds, special guests, unique programing, VIP access and fun gaming promotions. The partnership also features television broadcast-visible virtual signage just inside the blue lines, as well as LED PointsBet signage and branding throughout Little Caesars Arena during Red Wings home games. PointsBet will also have a sponsored presence on the Red Wings' digital platforms, the Detroit Red Wings Radio Network, be integrated into The District Detroit mobile app and be regularly featured on The Word on Woodward, a twice-weekly live streaming show that airs on the Red Wings and Tigers channels. Originally founded in Australia, PointsBet made its U.S. debut in January 2019. PointsBet features a fully compliant and easy-to-use app, providing bettors with fast and seamless legal access to the most markets for wagering in the world. Powered by PointsBet's proprietary technology, PointsBet is the only U.S. provider of the revolutionary PointsBetting product, which rewards players exponentially the more correct their wager is. PointsBet is expected to release its market-leading sports wagering app for sports bettors within Michigan in early 2021, pending regulatory approval. Is New 90 Day High Low • Dec 09
New 90-day high: AU$12.79 The company is up 16% from its price of AU$11.00 on 11 September 2020. The Australian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Announcement • Nov 18
PointsBet Holdings Limited Elects Manjit Gombra Singh as Director PointsBet Holdings Limited at the Annual General Meeting held on 17 November 2020 approved election of Mr. Manjit Gombra Singh as Director. Recent Insider Transactions • Nov 05
Insider recently bought AU$499k worth of stock On the 2nd of November, Brett Paton bought around 50k shares on-market at roughly AU$9.98 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold AU$3.3m more in shares than they bought in the last 12 months. Announcement • Oct 19
PointsBet Holdings Limited to Report Q1, 2021 Results on Oct 27, 2020 PointsBet Holdings Limited announced that they will report Q1, 2021 results on Oct 27, 2020 Announcement • Oct 11
PointsBet and Genius Sports Group Expand Partnership with Streaming Deal PointsBet and Genius Sports Group have expanded their wide-ranging sportsbook content partnership to include the supplier's Streaming service. The new agreement makes PointsBet the first U.S. operator to sign-up to Streaming, adding thousands of live streams across a broad range of sports and geographies, complete with official data-powered in-game pricing for every fixture. Local players in New Jersey, Iowa, Indiana, Illinois, Michigan and Colorado can watch the live streams via the PointsBet app and website, exclusively, as they wager. Streaming primarily offers content played at off-peak times and will allow PointsBet to drive handle and retention around-the-clock, including while the major leagues are out of action. As a long term partner to PointsBet, Betgenius will continue to provide fully customizable in-game pricing for an array of sports and competitions. Together, the data and streaming services offered by Genius Sports Group will enable PointsBet to provide its customers with access to the highest-quality official data and streaming services. Announcement • Oct 04
Hawthorne Race Course and PointsBet Open Closest Sportsbook to Downtown Chicago for Fans to Watch-And-Wager, Bet-And-Go Hawthorne Race Course and PointsBet have partnered together to open Illinois' retail sportsbook and the closest in-person sports betting destination to downtown Chicago. PointsBet, a premium global sportsbook operator, debuted its mobile app and digital sports betting product in Illinois at the start of the NFL season. The brick and mortar sportsbook at Hawthorne is the first of four Chicagoland locations that the companies will open as Illinois partners, and is a precursor to the premium PointsBet Sportsbook that will be a part of Hawthorne's historic $400 million casino development, scheduled to open in late 2021 (pending final regulatory approval). The PointsBet Sportsbook at Hawthorne was designed for the new realities of on-site entertainment, featuring a 'bet-and-go' lobby with six self-service kiosks as well as a modular 'watch-and-wager' sportsbook with ample space for social distancing. The sportsbook has over 60 HD TVs, 20 self-service kiosks, a 3-person betting concierge counter inclusive of a dedicated high denomination wager desk, and a VIP lounge with reserved seating. PointsBet recently joined forces with the Chicago Bears, designating PointsBet as the famed franchise's first ever sports betting partner. As a nod to Illinois sports fans, PointsBet is offering the best price in market for all Chicago Bears games this season across both the pregame spreadline and moneyline bet types. The operator also recently announced a partnership with Chicago Bears legend, Devin Hester, highlighting the symbiotic element of Hester's speed on the field and PointsBet's unmatched speed and ease of use off it. As the official, exclusive sports betting partner of NBC Sports, PointsBet will utilize the media giant's premium television and digital assets to promote the PointsBet brand across Illinois. As part of the agreement, NBC Sports provides PointsBet with year-round, multi-platform media and marketing opportunities across its unmatched portfolio of events, including exclusive multiplatform gameday integrations across NBC Sports Chicago, regional broadcast home to the Chicago Blackhawks, Bulls, and White Sox. PointsBet's full Spanish-language functionality will reach Hispanic sports fans via Telemundo Deportes and Telemundo broadcast stations. Recent Insider Transactions • Oct 01
Co-Founder recently sold AU$483k worth of stock On the 25th of September, Nicholas Fahey sold around 44k shares on-market at roughly AU$10.85 per share. In the last 3 months, they made an even bigger sale worth AU$3.4m. Nicholas has been a seller over the last 12 months, reducing personal holdings by AU$3.8m. Announcement • Sep 29
PointsBet Holdings Limited Announces Board Changes PointsBet Holdings Limited announced a transition of Executive Directors on the Board. Mr. Manjit Gombra Singh will join the Board and Mr. Nicholas Fahey will retire from the Board to focus on his Executive role, both effective the day following the company's 2020 Annual General Meeting. Mr. Singh joined the company as President, Product and Technology on 29 July 2019. He is the former Chief Technology Officer and Executive Vice President of Aristocrat Leisure Limited, and has a track record in delivering leading product and technology strategy for mobile, social and traditional casino gaming products. He has a broad background in technology, with experience in gaming, cybersecurity, mobile and cloud technologies and global engineering management. Recent Insider Transactions • Sep 22
Co-Founder recently sold AU$3.4m worth of stock On the 17th of September, Nicholas Fahey sold around 298k shares on-market at roughly AU$11.30 per share. This was the largest sale by an insider in the last 3 months. This was Nicholas' only on-market trade for the last 12 months. Announcement • Aug 28
PointsBet Holdings Limited to Report First Half, 2021 Results on Feb 24, 2021 PointsBet Holdings Limited announced that they will report first half, 2021 results on Feb 24, 2021 Announcement • Jul 23
PointsBet Holdings Limited to Report Q4, 2020 Results on Jul 28, 2020 PointsBet Holdings Limited announced that they will report Q4, 2020 results on Jul 28, 2020 Announcement • Jun 22
PointsBet Holdings Limited(ASX:PBH) dropped from S&P/ASX Emerging Companies Index PointsBet Holdings Limited(ASX:PBH) dropped from S&P/ASX Emerging Companies Index 
