PointsBet Holdings (ASX:PBH) Reports AUD 186 Million Revenue Following MIXI Majority Acquisition

Aditi Sarkar

06 November 2026 10:33 PM AEDT

PointsBet Holdings (ASX:PBH) Reports AUD 186 Million Revenue Following MIXI Majority Acquisition

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Highlights

PointsBet reported FY26 group Revenue of AUD 186.6 million for nine months, down 1% compared with the prior corresponding period.
Canadian revenue rose 13% to AUD 34.6 million, supported by growth in the company’s online gaming operations during FY26 overall.
Normalised EBITDA loss narrowed to AUD 0.8 million, while operating expenditure declined 4% across the nine month reporting period overall.
MIXI acquired a 66.4% controlling stake, and PointsBet aligned its financial year end with the Majority Shareholder in March overall.

PointsBet Holdings Limited (ASX:PBH) is an ASX-listed online sports and racing betting company operating in Australia and Canada under the PointsBet brand. Following MIXI Inc's Acquisition of a 66.4% controlling stake in PointsBet, the company changed its financial year end to 31 March to align with MIXI's financial year. As a result, FY26 covers the nine-month period from 1 July 2025 to 31 March 2026.

FY26 Financial Overview

PointsBet reported group revenue of $186.6 million for the nine-month FY26 period, representing a 1% decline on the prior corresponding period. Gross Profit fell 6% to $93.6 million, reflecting higher product fees and taxes. Normalised EBITDA improved to a loss of $0.8 million, the best full-year result in the company's history, supported by a 4.4 million, or 4%, reduction in operating expenditure including marketing. Net loss after tax was $26.6 million. Australia remained the core market with revenue of $152.0 million, down 4%, while Canada delivered $34.6 million in revenue, up 13%.

Strategic Transformation Under MIXI

FY26 represented a year of significant strategic transition for PointsBet. The company completed MIXI's majority acquisition and integration into MIXI's global operational model. MIXI's ownership has brought operational efficiencies, shared technology resources, and a unified global Marketing and product approach. During the period, PointsBet focused on strategic choices around compliance and regulatory obligations in Racing in Australia, which impacted Racing turnover but positioned the Business for sustainable long-term performance.

Canadian Growth and Market Opportunities

Canada was a highlight for PointsBet in FY26, with revenue growing 13% to $34.6 million. iGaming continued to drive growth, with net win from iGaming up 58% in the half year results. PointsBet was preparing to launch services in Alberta, Canada, adding further geographic coverage within its Canadian operations. The company's Investment in the Canadian market reflects its belief in the long-term opportunity within regulated online betting jurisdictions.

Stock Price Information

Shares in PointsBet Holdings Limited (ASX:PBH) have experienced significant decline since their highs following MIXI's acquisition. As of 6 November 2026, PBH shares were trading at approximately $0.87 on the ASX. Investors should refer to ASX announcements at www.asx.com.au for current pricing and the latest company disclosures.

FAQs

Q: Why did PointsBet change its financial year end?

A: PointsBet changed its financial year end from 30 June to 31 March to align with the financial year of MIXI Inc, which acquired a 66.4% controlling stake in PointsBet. As a result, FY26 covers only nine months (July 2025 to March 2026).

Q: How is PointsBet performing in Canada?

A: PointsBet's Canadian operations generated $34.6 million in revenue for FY26, up 13% year on year. The company's iGaming segment in Canada delivered particularly strong growth, with net win up 58% in the first half of FY26, and PointsBet was preparing for the launch of services in the Alberta market.

Q: What is MIXI's role in PointsBet?

A: MIXI Inc, a Japanese entertainment and technology company, is the majority shareholder in PointsBet Holdings with a 66.4% stake. MIXI's ownership brought operational integration, shared technology resources, and a unified global operational model that has contributed to Opex reductions and improved EBITDA performance.

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