PointsBet Holdings (ASX:PBH) Full Year 2024 Results

Key Financial Results

• Revenue: AU$245.5m (up 17% from FY 2023).

• Net loss: AU$42.3m (loss narrowed by 61% from FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

PointsBet Holdings Meets Expectations

Revenue was in line with analyst estimates.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Hospitality industry in Australia.

Performance of the Australian Hospitality industry.

The company's shares are up 21% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with PointsBet Holdings, and understanding this should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.