Australia Stock Exchange-listed Jumbo Interactive has announced that its fiscal 2024 was “Jumbo’s most successful to date”, after releasing its results early on Friday.
The group managed to grow its total transaction value (TTV) by 23.7 percent yearly, to AU$1.05 billion ($707 million) and raise revenue by 34.2 percent to AU$159.3 million ($107 million).
The group also recorded underlying EBITDA of AU$76.6 million ($51.4 million), a 30 percent increase, while underlying profit before tax was up 31.5 percent, to AU$46.4 million ($31.1 million).
Speaking of the results, Jumbo Managing Director, CEO and Founder Mike Veverka noted “For the first time in our history, we exceeded 1 million active players in our Lottery Retailing segment, highlighting our ability to engage with our existing players and acquiring new players during periods of large jackpots.”
During the period there were 55 large jackpots, with the total division 1 prize pool amounting to AU$2.4 billion ($1.61 billion), including one Powerball jackpot which rose to an all-time high of AU$200 million ($134 million). This helped TTV to also reach an all-time high of AU$544 million ($365 million) and revenue to rise to AU$123 million ($82.5 million) for the segment.
The company notes that ‘FY24 has set a new standard for success in the lottery retailing industry.
Looking ahead, the group is expecting between 40 and 45 large jackpots and either flat or slightly higher lottery retailing revenue margins in the coming fiscal year.
