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PointsBet Holdings
(Sydney:PBH)
PointsBet Holdings (PBH) vs. S&P 500 (SPY)
PointsBet Holdings Business Overview & Revenue Model
PointsBet Holdings Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 252.25M | 245.49M | 210.30M | 195.41M | 194.66M | 75.17M | Gross Profit |
| 136.02M | 129.57M | 12.84M | 57.36M | 23.96M | 2.19M | EBIT |
| -18.36M | -28.24M | -100.27M | -35.29M | -173.50M | -44.52M | EBITDA |
| -22.73M | -3.42M | -78.74M | -25.50M | -171.47M | -35.87M | Net Income Common Stockholders |
| -23.17M | -42.32M | -369.61M | -267.69M | -187.73M | -41.46M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 32.54M | 42.18M | 552.99M | 519.60M | 276.16M | 144.34M | Total Assets |
| 69.74M | 81.87M | 606.77M | 961.09M | 624.41M | 216.17M | Total Debt |
| 2.31M | 2.25M | 3.59M | 17.70M | 11.64M | 9.04M | Net Debt |
| -30.23M | -39.93M | -151.25M | -197.56M | -264.52M | -57.23M | Total Liabilities |
| 64.93M | 62.61M | 105.31M | 224.73M | 176.86M | 39.05M | Stockholders Equity |
| 4.80M | 19.26M | 501.45M | 736.36M | 447.55M | 177.13M |
| Cash Flow | Free Cash Flow | ||||
| 16.51M | -10.48M | -298.80M | -286.10M | -154.10M | -50.71M | Operating Cash Flow |
| 16.54M | 5.46M | -248.91M | -197.53M | -119.14M | -30.32M | Investing Cash Flow |
| 79.95M | 277.29M | -52.76M | -93.19M | -77.78M | -21.39M | Financing Cash Flow |
| -127.67M | -442.61M | -4.49M | 515.28M | 339.43M | 118.25M |
PointsBet Holdings Technical Analysis
PointsBet Holdings Peers Comparison
PointsBet Holdings Earnings Call Summary
PointsBet Holdings Corporate Events
PointsBet Holdings Limited has announced that Penn Interactive Ventures, LLC and its associates have ceased to be substantial holders in the company. This change occurred following the sale of all ordinary shares held by Penn in PointsBet to Betr Entertainment Limited for an aggregate cash consideration of A$18,710,040.80, affecting 17,009,128 fully paid ordinary shares. This transaction marks a significant shift in the ownership structure of PointsBet, potentially impacting its strategic direction and stakeholder interests.
The most recent analyst rating on (AU:PBH) stock is a Buy with a A$0.83 price target. To see the full list of analyst forecasts on PointsBet Holdings stock, see the AU:PBH Stock Forecast page.
PointsBet Holdings Limited is considering a proposal from Betr Entertainment Limited, which could potentially lead to a superior offer compared to the existing scheme with MIXI Australia Pty Ltd. The company plans to conduct mutual due diligence focusing on synergies and the scrip value, as the proposal includes a 57% cash and 43% scrip funding mix. The Board continues to recommend the MIXI Scheme unless a superior proposal emerges and advises shareholders that no action is required at this time.
PointsBet Holdings Limited has announced a Scheme Meeting for shareholders to vote on the proposed acquisition by MIXI Australia Pty Ltd. The Federal Court has approved the meeting and the distribution of a Scheme Booklet, which includes an Independent Expert’s Report deeming the proposal fair and reasonable. The Board recommends shareholders vote in favor of the Scheme, with the meeting set for June 12, 2025. If approved, a Second Court Hearing will follow for final approval. This acquisition could significantly impact PointsBet’s market positioning and shareholder value.
PointsBet Holdings has received a confidential acquisition proposal from Betr Entertainment, which it is currently evaluating with the help of external advisers. The PointsBet Board recommends shareholders vote in favor of an existing scheme with MIXI Australia Pty Ltd, unless a superior proposal emerges, and will keep stakeholders informed of any developments.
Betr Entertainment Ltd has become a substantial holder in PointsBet Holdings Limited by acquiring a 19.9% voting power through the acquisition of 66,013,329 fully paid ordinary shares. This move signifies a significant stake in PointsBet, potentially impacting the company’s strategic direction and market positioning, as Betr Entertainment strengthens its influence within the gaming and betting industry.
Samson Rock Capital LLP, through its various funds, has acquired a substantial holding in PointsBet Holdings Limited, now controlling 5.08% of the company’s ordinary shares. This acquisition signifies a strategic investment move, potentially impacting PointsBet’s market dynamics and signaling confidence in the company’s future prospects.
Betr Entertainment Limited has announced a capital raising initiative, involving a fully underwritten pro rata accelerated non-renounceable entitlement offer and an institutional placement, aiming to raise approximately $130 million. This move is part of their strategic efforts to acquire PointsBet Holdings Limited, although the PointsBet board has not yet agreed to support the transaction. The acquisition proposal is subject to several conditions, including shareholder approval, and there is no assurance of its completion.
Betr Entertainment Limited has announced a proposal to acquire the remaining shares of PointsBet Holdings Limited that it does not already own, aiming to enhance its position in the Australian wagering market. The proposal, valued at $360 million, includes a mix of cash and betr scrip, offering greater value to PointsBet shareholders compared to a competing proposal. The acquisition is expected to generate significant cost synergies and improve operational scale, positioning betr as a major player in the industry.
Betr Entertainment Limited has acquired a 19.9% stake in PointsBet Holdings Limited, amounting to 66,013,329 shares. This strategic acquisition positions Betr to potentially influence PointsBet’s operations and market strategies, with further details expected in an upcoming announcement regarding a proposed capital raising.
PointsBet Holdings Limited has announced a proposed acquisition by MIXI Australia Pty Ltd, a subsidiary of MIXI, Inc. The acquisition will be executed through a scheme of arrangement, offering PointsBet shareholders a cash consideration that represents a substantial premium over recent trading prices. The PointsBet Board has unanimously recommended the proposal, pending shareholder approval and an independent expert’s endorsement. The transaction is expected to be finalized by June 2025, contingent on meeting all conditions.
PointsBet Holdings Limited has announced a change in the status of a substantial holder, as the holder ceased to be substantial on February 28, 2025. This change in substantial holding could impact the company’s voting securities and influence its market dynamics, potentially affecting shareholder interests and company governance.
PointsBet Holdings Ltd. has announced a change in the relevant interests of its substantial holders, with Wilson Asset Management Group increasing its voting power from 5.47% to 6.80%. This shift in voting power reflects a significant change in the company’s shareholder structure, potentially impacting its governance and decision-making processes.
PointsBet Holdings Ltd. announced the cessation of 33,333 securities due to the expiry of options or other convertible securities without exercise or conversion as of February 27, 2025. This announcement reflects a routine adjustment in the company’s issued capital, which could impact stakeholders by altering the company’s capital structure but does not indicate any immediate strategic shift.
PointsBet Holdings Ltd. has been relieved from the obligation to submit quarterly Appendix 4C reports to the ASX, following the company’s performance over the last four quarters. This change allows PointsBet to focus on submitting half-yearly and preliminary final reports, potentially streamlining its reporting process and impacting its operational efficiency and stakeholder communications.
BlueBet Holdings Ltd has made a non-binding offer to acquire PointsBet Holdings Ltd, valued at $340-$360 million, with the potential to unlock $40 million in annual synergies. This acquisition is expected to provide strategic and financial benefits, including increased scale and access to key technology assets, which aligns with BlueBet’s growth ambitions. The offer includes a mix of cash and scrip consideration, with BlueBet securing necessary equity funding and expressing confidence in completing due diligence swiftly.
PointsBet Holdings Ltd. reported a 6% increase in revenue from ordinary activities for the half-year ended December 31, 2024, compared to the previous year. Despite a net loss of $17.2 million, the loss was reduced by 47% from the prior period. The company did not declare any dividends for the interim period, and its net tangible assets per share decreased significantly. These results reflect PointsBet’s ongoing efforts to stabilize its financial performance amidst a competitive market landscape.
PointsBet Holdings Limited has entered into a Scheme Implementation Deed with MIXI, Inc and its subsidiary MIXI Australia for the acquisition of 100% of PointsBet’s issued share capital. The acquisition will be conducted via a scheme of arrangement, offering PointsBet shareholders a cash consideration of $1.06 per share, a significant premium over recent trading prices. The PointsBet Board unanimously supports the scheme, viewing it as a valuable opportunity for shareholders to realize cash value at a premium, subject to regulatory and shareholder approvals. The scheme is expected to be implemented by mid-June 2025, pending necessary approvals.
PointsBet Holdings Ltd. announced that it will release its H1 FY25 results on February 26, 2025, accompanied by an investor conference call. This announcement signals a continued engagement with stakeholders and provides insights into the company’s financial health and strategic positioning in the competitive wagering market.
PointsBet Holdings Ltd. announced the cessation of 325,000 securities options due to expiration without exercise or conversion as of February 17, 2025. This development may influence the company’s capital structure and could signal a shift in strategic priorities or market conditions affecting stakeholder positions.