The following is a summary of the PointsBet Holdings Limited (PBTHF) Q4 2024 Earnings Call Transcript:

Financial Performance:

• PointsBet reported a Q4 FY2024 net win of $68.4 million, up 12% year-over-year, with a sports betting net win of $64.7 million.

• The company achieved a record quarterly cash flow performance with a normalized net cash flow from the U.S. business sale-related items of positive $7.1 million.

Business Progress:

• PointsBet successfully completed the sale of its U.S. business and subsequent capital returns, while achieving market growth in both Australia and Canada.

• The company showed strong performance in sports betting, including a record number of clients placing same game multis during the NRL State of Origin series.

Opportunities:

• PointsBet's strategic marketing and partnerships, such as waiving rights for major partnerships in sports, demonstrate a proactive movement towards responsible sports wagering advertising which aligns with potential regulatory changes.

• The new offering with Strive for iGaming is expected to accelerate the growth of iGaming business in FY2025.

Risks:

• iGaming performance was impacted by VIP negative variance, and increased promotional spending was required to re-engage the customer base after completing the Strive migration.

More details: POINTSBET HOLDINGS LTD IR

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