Saturday, August 13, 2022

Jumbo Interactive revenue up 18 percent in FY15


Internet lottery business Jumbo Interactive recorded revenue of $29.2 million for the financial year ended June 30, an 18 percent increase on the prior corresponding period.

The company said positive revenue and total transaction value growth was due to strong growth in the Australian lottery business despite slightly lower jackpot levels. 

“Our customer account database grew a further 11% to 1.92 million accounts which was the main driver of the 21% increase in sales and 18% increase in revenue”, said Mr Mike Veverka, CEO of Jumbo Interactive Limited. 

“The larger database in combination with a strong run of Jackpots has given Jumbo an excellent start to the 2016 financial year,” he added. 

However, the company’s first year operations in its German business weighed on group profitability.

“However recent changes have reduced expenses and improved marketing, setting up the business for an improved result in the year ahead,” he said.  

The first full year of operations in Germany saw the start of marketing activities to introduce www.JumboLotto.de to the market. The division completed the year with revenue of $172,000 and a net loss before tax of $3.6 million. 

 

 

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