PointsBet Reports Results in Q2 FY25
PointsBet, the Australia-based sportsbook, has released its Q2 FY25 results, showing a slight increase in sports betting income, but a minor decrease in iGaming revenue. The company’s total net win remained stable, while it experienced some challenges in the Canadian market.

Net Win Remains Steady
PointsBet’s total net win for Q2 FY25 was 69.9 million, unchanged from the same period last year. However, this represents a modest 7% increase from Q1 FY25. Net win from sports betting rose slightly to 63.6 million, while iGaming revenue dipped to $6.3 million. These figures indicate a mixed performance across different sectors.
The company’s earnings were negatively impacted by $3.9 million (AUS) due to customer-friendly results in Canada. This was particularly evident in online slots and NFL wagering. PointsBet CEO Sam Swanell noted that this NFL season has been the most customer-friendly in nearly 20 years, with high rates of favorites winning. This highlights the volatility of sports betting outcomes.
Key Improvements in First Half
Despite the mixed Q2 results, PointsBet saw key improvements in the first half of FY25. Total H1 FY25 revenue grew 6% to 124.4 million (AUS). Furthermore, its EBITDA loss decreased by 75% year-on-year, falling from 13.3 million (AUS) to 3.3 million (AUS), reporting an 8.2 million (AUS) EBITDA profit. Swanell emphasized that the company’s focus is on efficient revenue generation.
On the casino side, PointsBet expanded its content portfolio. They launched three new content providers in Q2, increasing games by 40%. The company now offers over 600 games in its customer catalog. This expansion aims to enhance the customer experience and attract more players.