Canadian iGaming growth helps stabilize PointsBet’s results

(AsiaGameHub) –   PointsBet’s total group revenue for the nine-month period ending March 31 was reported at USD $133.4 million—slightly down from the prior year’s $134.7 million—with strong growth in Canada mainly supporting the results and offsetting weaker performance in Australia.

Gross profit fell by 6% to USD $66.9 million, but the count of active cash customers rose by 1% year-over-year (from March 31 of last year) to 298,100. Canada saw especially robust growth, with active cash users there increasing by 9%.

Additionally, after being acquired by MIXI Australia—who took a controlling stake in September 2025—PointsBet adjusted its fiscal year-end from June 30 to March 31.

In Canada, revenue went up 13% year-over-year to USD $24.7 million, while total net win climbed by roughly 14% from the prior year to USD $24.8 million. iGaming revenue saw the most significant growth during this period; specifically, quarterly iGaming net winnings rose by about 28% year-over-year to USD $16.9 million, largely due to higher slot activity.

Meanwhile, Australia’s revenue for the period dropped by around 4% year-over-year to USD $108.7 million. That said, the sportsbook’s gross winning margin in the region stayed steady from the prior quarter at roughly 13.3%.

Over the same period, the company cut costs related to marketing: quarterly marketing expenses decreased from USD $35.9 million to $35.1 million, and overall operating expenses were trimmed to USD $32.3 million.

PointsBet is currently gearing up for further expansion in Canada, as Alberta plans to launch its regulated online gaming sector in July this year. The company is among the operators seeking the necessary approvals to offer services in that province.