PointsBet reported net win of A$69.9m for the three months ended 31 December 2024, unchanged year on year, with Canada down 10.5% to A$9.4m. The company attributed about A$3.9m of the result to customer-friendly outcomes in Canada and forecast FY25 revenue of A$260m to A$270m.
Investors can assess unchanged net win, weaker Canadian results and PointsBet’s updated FY25 revenue forecast.
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Hard Rock Digital has reportedly applied for an Ontario iGaming licence, prompting speculation that it could buy PointsBet Canada if Betr Entertainment’s proposed takeover of PointsBet Holdings proceeds. The Alcohol and Gaming Commission of Ontario said Hard Rock had not officially registered, while neither Hard Rock Digital nor PointsBet Canada commented on the reported acquisition possibility.
PointsBet reported revenue of A$112.7m for the six months to 30 September in the first half of its 2027 financial year, a 16% year-on-year decline. The company said Australian sports betting revenue fell 19% to A$91.8m, while Canadian iGaming net win held at A$15.2m; its planned Alberta entry in 2026 remains subject to regulatory approval.
PointsBet said it remains on track to launch online sports betting and casino in Alberta before the end of 2026. The operator reported Canadian revenue of A$20.9m for the six months to 30 September 2026, up 3% in Canadian dollars year on year, while its segment EBITDA loss widened 82% to C$6.7m.
Ontario’s Alcohol and Gaming Commission (AGCO) and PointsBet Canada have settled the regulatory proceeding arising from the commission’s February 2026 proposed order notice. PointsBet accepted a two-day suspension of its online gambling site in Ontario and an AGCO-approved independent audit, with corrective measures to be independently validated.
Alberta’s 90-day transition period for unregulated online operators ended on 13 October. The Alberta iGaming Corporation said 51 approved sites were live, with 30 operators launching regulated platforms. Operators without final authorisation must shut down in the province.