Australian gaming operator PointsBet has announced a landmark financial year, reporting record group net revenue and achieving its first-ever normalised EBITDA profitability for FY25.
The strong performance comes as Japanese entertainment company Mixi gains decisive support for its takeover bid, solidifying its path toward acquiring the operator.
For the full year, PointsBet’s net revenue saw a healthy six percent increase, rising to AU$261.4 million from AU$245.5 million in the previous year.
The most significant financial milestone was the company’s normalised EBITDA, which climbed from a loss of AU$1.8 million in 2024 to a notable profit of AU$11.2 million, marking the first time the company has reported profitability on this metric.
This positive trend was complemented by a six percent rise in gross profit to AU$137 million and an all-time high of 295,800 cash-active clients.
An analysis of the company’s verticals reveals that while sports betting remains its largest segment with a four percent revenue increase to AU$257.6 million, the most substantial growth was in iGaming.
The online casino division, a key area of focus for its Canadian operations in Ontario, experienced a remarkable 39 percent jump in revenue to AU$26 million.
Concurrently, Mixi’s preferred takeover offer for PointsBet has successfully crossed the crucial 50 percent shareholder support threshold.
This development prompted an extension of the offer deadline by 14 days to September 12. Prior to this, PointsBet had already indicated a “strong likelihood” that Mixi would gain “effective, if not actual” control of the company.
Mixi has also firmly stated it will not accept any offers from rival bidder Betr Entertainment, which holds a 19.9 percent stake in PointsBet but has been unsuccessful in its attempts to acquire the operator due to concerns over its proposal’s terms.
