Pentanet Reports Strong Growth and 5G Expansion

Pentanet Ltd (AU:5GG) has released an update.

Pentanet Ltd reported significant growth for FY24, with an 80% increase in gaming revenue to $1.8 million and a 6% rise in consolidated revenue to $20.9 million. The company successfully adapted to a competitive telecommunications market by launching new 5G services and the ‘Fibre Connect’ campaign, resulting in a 59% decrease in EBITDA loss to $1.3 million. Looking forward, Pentanet is set to capitalize on its 5G expansion and GPU optimization to drive further growth in both the telecommunications and gaming segments.

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