PointsBet Flags H1 FY27 Revenue Down 16% to About $113m

PointsBet (ASX:PBH) released a trading update ahead of its H1 FY27 results to flag lower group revenue and a negative Normalised EBITDA, with the decline coming from its Australian business.

PointsBet expects H1 FY27 group revenue, for 1 April 2026 to 30 September 2026, of approximately $113m, a decline of approximately 16% on approximately $135m in the PCP. It attributes the decline to the Australian business and two themes identified at its FY26 AGM. First, it reports a sustained trend of double digit turnover and revenue declines against the PCP from its highest value client cohort throughout the half, which it attributes to proactive compliance actions taken in an increasingly complex Australian regulatory environment. Second, it chose to accelerate growth in mass market sports actives. Gains in those actives, turnover and structural Net Win margin were eroded by negative variance in actual Net Win margin, in particular adverse results for key sports in August and September, primarily AFL. PointsBet expects H1 FY27 Normalised EBITDA in the range of $(6m) to $(8m).

The figures are expectations ahead of the H1 FY27 results due on 30 October 2026. The release gives no separate figures for Canada, turnover, Net Win margin or statutory earnings, and no outlook for the second half.