TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
IncentiaPay Ltd. ( (AU:EAT) ) has shared an announcement.
Entertainment Rewards Ltd reported a 13.14% increase in revenue from ordinary activities for the half-year ending December 31, 2024, reaching $9.81 million compared to $8.67 million in the previous year. Despite this revenue growth, the company faced a significant increase in operating losses, with a 104.31% rise in operating EBITDA losses to $3.62 million and a 74.91% increase in net losses to $5.66 million. The rise in losses is attributed to increased operating costs and a decline in membership subscription revenue, impacting the company’s financial performance and market positioning.
More about IncentiaPay Ltd.
Entertainment Rewards Ltd, formerly known as IncentiaPay Limited, operates in the entertainment and rewards industry, focusing on providing membership subscriptions, enterprise sales, and gift card sales. The company is listed on the Australian Securities Exchange (ASX) and aims to enhance customer engagement through its diverse range of services.
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$5.13M
See more insights into EAT stock on TipRanks’ Stock Analysis page.