PointsBet (PBH) Q1 2027 earnings summary

Executive summary

• HY27 covers 1 Apr–30 Sep 2026; financial-statement comparatives cover the six months ended 31 Dec 2025, while operating KPIs compare with 1 Apr–30 Sep 2025.

• Reported net loss was $17.3m; revenue was $112.7m. Normalised EBITDA loss was $6.9m, down $9.8m versus the prior corresponding period.

• Total Net Win fell 17% to $122.1m and revenue fell 16% versus the prior corresponding period; active clients grew 6% to 310,058.

Financial highlights

• Revenue was $112.725m versus $129.255m in the financial-statement comparative period; statutory net loss narrowed to $17.282m from $22.177m.

• Gross profit was $57.051m versus $64.155m; total expenses were $74.125m versus $86.287m.

• Normalised EBITDA loss was $6.9m versus $3.3m in the prior corresponding period; statutory EBITDA loss was $8.5m versus $12.2m in the financial-statement comparative period.

• Operating cash outflow was $8.1m; cash increased by $1.9m to $24.8m, including $5.3m of corporate cash.

Outlook and guidance

• Sportsbook and iGaming launches in Alberta are expected in 2026, expanding the addressable market into a second regulated Canadian province.

• Forecast cash flows, available cash, undrawn facilities, prospective working-capital options and parent financial support were assessed as sufficient to support operations for at least 12 months from approval.