PointsBet First-Half Revenue Falls 16% as Australian Betting Weakens
Published: November 4, 2026 | Author: Roxy Vance
PointsBet’s revenue fell 16% to A$112.7 million in the six months to September 30, 2026, as its Australian sports betting business shrank, while its Canadian business grew in local currency. The company swung to a normalized EBITDA loss of A$6.9 million, from a A$2.9 million profit a year earlier, according to its first-half results presentation.
The period is PointsBet’s first half under a new financial year, which now ends on March 31, and the figures compare April to September 2026 with the same months of 2025. Gross profit fell 15% to A$57.1 million, while marketing spending rose 6% to A$33.1 million. Cash active clients, those who placed a cash bet in the past 12 months, rose 6% to 310,058.
Australia: Compliance and AFL Results
Australian revenue fell 19% to A$91.8 million, and sports betting turnover dropped 14% to A$1,031.4 million. PointsBet blamed two things: stricter compliance standards that cut turnover and revenue from its highest-value clients, and a push for mass-market sports customers that left it exposed to results, with key sports going against it in August and September, mainly the AFL. Promotions took 27.9% of gross win, up from 24.4%, and reached 32.8% in August and September.
Canada: Online Casino Drives Growth
In Canadian dollars, revenue in Canada rose 3% to C$20.6 million. Online casino drove the growth: iGaming turnover rose 21% to C$592.9 million and iGaming net win 9% to C$15.0 million, while sports betting turnover fell 32%. Cash active clients in Canada rose 18% to 72,793, but the segment’s EBITDA loss widened to C$6.7 million as marketing rose 28%. Translated into Australian dollars, which strengthened 10% against the Canadian dollar, Canadian revenue fell 6% to A$20.9 million.
PointsBet Canada moved its casino to a new platform from Bede during the half and plans a loyalty program and jackpots next. The presentation also notes the company’s settlement with the Alcohol and Gaming Commission of Ontario (AGCO), which resolved a proceeding opened in February 2026. As we reported in October, that settlement included a two-day suspension of its Ontario site and an independent audit.
What It Means for Players
For Canadian players, the next step is Alberta. PointsBet said it is on track to launch in Alberta in 2026, once it has regulatory approval, in what it calls Canada’s second regulated iGaming province, with both sports betting and online casino allowed. Our guide to Alberta’s online casino market explains how the province’s market works.
In Australia, PointsBet tied the drop in betting from its highest-value clients to what it called a “continued strengthening of our compliance standards”.
