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Tabcorp Holdings Limited ( (AU:TAH) ) has provided an update.
Tabcorp Holdings Limited reported a significant financial performance for the half-year ending December 31, 2024, with a 10.1% increase in group revenue to $1,331.3 million and a 12.0% rise in EBITDA to $190.2 million compared to the previous year. The company successfully transitioned to a modernized Victorian Wagering and Betting License, contributing to a $36.4 million EBITDA uplift, despite facing soft trading conditions. The results reflect strong cost discipline, with underlying operational expenses improving by 1.8%. The company’s wagering and media revenue rose by 11.3%, with cash wagering outperforming digital. Additionally, Tabcorp declared an interim dividend of 1.0 cents per share, unfranked, indicating stable returns for shareholders.
More about Tabcorp Holdings Limited
Tabcorp Holdings Limited operates in the wagering and media industry, focusing on providing betting and gambling services. The company is known for its wagering and media operations, which include cash and digital wagering services.
YTD Price Performance: 10.0%
Average Trading Volume: 192
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $935.7M
For a thorough assessment of TAH stock, go to TipRanks’ Stock Analysis page.
