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Pointsbet share price on watch as FY20 revenue triples – Motley Fool Australia
The Pointsbet Holdings Ltd (ASX: PBH) share price is on watch after a strong full-year result and new 5-year US sports media deal.
The Pointsbet Holdings Ltd (ASX: PBH) share price is on watch after reporting a 193% increase in FY20 revenue this morning.
Why is the Pointsbet share price on watch?
Total revenue for the year ended 30 June 2020 (FY20) surged to $75.2 million, up from $25.6 million last year.
Net revenue grew 159% while the Australian trading arm is now earnings before interest, tax, depreciation and amortisation (EBITDA) positive with $6.9 million in FY20.
However, the group reported a statutory net loss u…
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