PointsBet Holdings Reports Fall in Cash and Cash Equivalents in December 2024 Quarter, Shares Fall 13%

MT Newswires Live

2025/01/31

PointsBet Holdings (ASX:PBH) held cash and cash equivalents at the end of the December 2024 quarter of AU$32.5 million, compared with AU$33.6 million in the prior quarter, according to a Friday Australian bourse filing.

The firm's net cash inflows from operating activities clocked in at AU$3.2 million, compared with net cash outflows of AU$2.7 million.

It reported a total net win of AU$69.9 million in the fiscal second quarter, flat year-over-year.

It set a revenue guidance of AU$260 million to AU$270 million in the full fiscal year.

The betting firm's shares fell 13% on market close.

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