BUZZ-Australia's Lottery Corporation to post lower half-year revenue on jackpot weakness, says Jarden

Reuters
Jan 15
BUZZ-Australia's <a href="https://laohu8.com/S/SEGG">Lottery</a> Corporation to post lower half-year revenue on jackpot weakness, says Jarden

** Jarden analysts expect Australia's Lottery Corporation TLC.AX to report half-year revenue of around A$1.79 billion, 1% lower than last year and 5% below consensus

** Says weakness in jackpot games to weigh on results

** "In our view, this is due to unfavourable jackpot sequences, rather than underlying demand weakness" — Jarden

** Brokerage, however, says co to shrug off jackpot weakness and declare interim dividend of 8.5 AU cents per share

** Views TLC as "high-quality, well-managed, cash-generative business within an economically resilient, exclusive licensed market"

** Maintains "underweight" rating, hikes target price to A$5.3 from A$5.2

** Stock gained 4.5% in 2025

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))

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