PointsBet (ASX:PBH): What Is the Analyst Outlook After Its 2026 Annual Report?

Sonal Goyal

09 October 2026 12:59 PM AEDT

PointsBet (ASX:PBH): What Is the Analyst Outlook After Its 2026 Annual Report?

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Highlights

Consensus rating of Buy (highest tier) from 1 analysts: 1 Buy or equivalent, 0 Hold, 0 Sell or equivalent.
Mean price target of A$1.05 against a share price of A$0.86 on 8 October 2026, an implied upside of 21.4%.
Analyst targets range from A$1.05 to A$1.05.
The company changed its financial year end from 30 June to 31 March to align with its new majority shareholder, MIXI, Inc.

PointsBet Holdings (ASX:PBH) carries a consensus analyst rating of Buy (highest tier). Of the 1 analyst recommendations recorded, 1 is Buy or equivalent, 0 are Hold and 0 are Sell or equivalent. The mean price target is A$1.05, with targets ranging from A$1.05 to A$1.05, against a current share price of A$0.86 (8 October 2026). PointsBet Holdings Limited is an online sports wagering and gaming operator with businesses in Australia and Canada, now majority owned by Japan's MIXI. The consensus data covers a single analyst recommendation.

Company name	PointsBet Holdings
Ticker	(ASX:PBH)
Exchange	ASX (Australian Securities Exchange)
Current share price	A$0.86
Price date	8 October 2026
Number of analysts	1
Rating consensus	Buy (highest tier)
Consensus price target (mean)	A$1.05
Highest target	A$1.05
Lowest target	A$1.05
Implied upside/downside to mean target	Implied upside of 21.4%

Latest developments

PointsBet Holdings (ASX:PBH) published its 2026 Annual Report for the nine months ended 31 March 2026. The company changed its financial year end from 30 June to 31 March to align with its new majority shareholder, MIXI, Inc. In September 2025, MIXI Australia Pty Ltd, a wholly-owned Subsidiary of MIXI, acquired a controlling interest of 66.43% through the MIXI takeover, and PointsBet has been consolidated into MIXI's group financial statements from 1 October 2025.

Group Revenue for the nine months was $186.6 million, broadly in line with the prior corresponding period, and the group reported a normalised EBITDA loss of $0.8 million. In Australia, revenue was $152.0 million, down 4%, and in Canada, revenue grew 13% to $34.6 million, supported by iGaming momentum and a recovery in sports betting. The board was reconstituted to reflect the new ownership, and the company has agreed independence and governance protocols with MIXI.

Sector context

Online wagering results depend on turnover, win margins, customer Acquisition costs and regulation in each jurisdiction. The company's Australian revenue declined while its Canadian Business grew.

Risks and what to watch

The report covers a nine-month period and is not directly comparable with a 12-month year. The group recorded a normalised EBITDA loss of $0.8 million, and Australian revenue fell 4%. MIXI holds a controlling 66.43% interest. Regulation, taxes and competition affect wagering earnings, and the consensus data reflects a single analyst.

Next milestones

Items to watch include trading in Australia and Canada under MIXI ownership, progress toward profitability, regulatory developments in each market, and the company's half-year result for the new reporting cycle.

FAQs

Q: What is the consensus analyst rating for PointsBet Holdings (ASX:PBH)?

A:The consensus rating is Buy (highest tier), based on 1 analyst recommendations: 1 Buy or equivalent, 0 Hold and 0 Sell or equivalent.

Q: What are the analyst price targets for PointsBet Holdings (ASX:PBH)?

A:The mean price target is A$1.05, with a highest target of A$1.05 and a lowest target of A$1.05. The share price on 8 October 2026 was A$0.86.

Q: What did PointsBet (ASX:PBH) report in its 2026 Annual Report?

A:PointsBet reported revenue of $186.6 million for the nine months to 31 March 2026, a normalised EBITDA loss of $0.8 million, and the completion of the MIXI takeover with a 66.43% controlling interest.

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