PointsBet posts 16% first-half revenue decline as Australian betting weakens

PointsBet reported a 16% decline in first-half revenue as weaker sports betting results in Australia weighed on group performance , while the company continued to expand its Canadian operations. Revenue for the six months ended Sept. 30 fell to A$112.7 million ($78.5 million) from A$134.9 million a year earlier. Normalised EBITDA swung to a loss of A$6.9 million ($4.8 million) from a profit of A$2.9 million, while gross profit declined 15% to A$57.1 million ($39.8 million). Net win fell 17% to A$122.1 million ($85.2 million).