BUZZ-Australia's Jumbo Interactive falls; Macquarie cuts PT amid weak lottery volume outlook

Reuters
2025/01/08
BUZZ-Australia's Jumbo Interactive falls; <a href="https://laohu8.com/S/MQG.AU">Macquarie</a> cuts PT amid weak lottery volume outlook

** Shares of Australia's Jumbo Interactive JIN.AX fall as much as 2.1% to A$13.82, posting their weakest session since Dec 19, 2024

** Macquarie cuts PT for the lottery provider to A$14.40 from A$14.75 due to weak lottery volumes outlook, and maintains "neutral" rating

** Brokerage expects lottery volumes to fall by 7% in FY25 owing to tough competition and high jackpot activity in the previous year

** Macquarie sees H1 FY25 NPAT of A$18 mln ($11.21 mln), down 11% yoy; cuts EPS estimates by 13% and 4% in FY25 AND FY26, respectively

** Analysts on average rate the stock "buy"; their median PT is A$14.65 - LSEG Data

($1 = 1.6059 Australian dollars)

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com;))

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