Jumbo Interactive Reaffirms FY27 Guidance at AGM

Jumbo Interactive (ASX:JIN) used its AGM addresses to reaffirm the FY27 guidance it gave in August and to report a stronger run of lottery jackpots in the first four months of FY27.

For Australia, Jumbo expects an underlying EBITDA margin of 46% to 50%. For its international businesses, Dream Giveaways and Managed Services, it expects underlying EBITDA of $36 million to $40 million, up from $30 million in FY26. The company names jackpot frequency and size, and exchange rates, as the key sensitivities. The first four months of FY27 produced nine large jackpots with a combined Division 1 prize pool of $430 million, against seven jackpots and $300 million at the same point last year, including a $100 million Powerball in October. Since the August result, RSL Queensland has gone live on the Jumbo Lottery Platform, which the company says adds around $200 million in ticket sales a year, and Stride has entered a conditional agreement to acquire Raffle Management Group in Ontario, expected to complete around January 2027. Jumbo has bought around $4.3 million of shares under its on-market buyback this financial year. FY26 Group revenue was $194 million and underlying EBITDA $85 million.

The addresses give no group revenue or profit guidance for FY27. Proxy votes received before the meeting show 42.03% against the one-off equity grant to Mike Veverka and 57.05% for; final poll results are not in this release.