Jumbo Interactive posts AU$159.3m in FY24 revenue
Australian lottery firm reports yearly increase across all verticals.
Lottery retailer Jumbo Interactive has released its full-year financial results for the year ending 30 June 2024, reporting a 34.2% increase in revenue year-on-year to AU$159.3m (US$107.14m).
The company has seen growth across a range of sectors during the full-year time period, with its Total Transaction Value (TTV) increasing by 23.7% to AU$1.054bn. Underlying EBITDA also rose by 30% to AU$76.6m.
The report also underlines that 2024 was the year that Jumbo Interactive’s number of active players exceeded one million in its Lottery Retailing segment – with total active players jumping by 14.9% year-on-year to a total of 4.6m.
Jumbo Interactive Managing Director, CEO and Founder, Mike Veverka, commented on the results: “The 2024 financial year is Jumbo’s most successful to date with over $1 billion in transaction value achieved and a 30% increase in underlying EBITDA.”
“For the first time in our history, we exceeded 1 million active players in our Lottery Retailing segment, highlighting our ability to engage with our existing players and acquiring new players during periods of large jackpots. Our significantly larger active player base, focus on player experience, innovation, and stable service fee 1 to The Lottery Corporation, mean we are very well positioned to grow in FY25.”
Founded in 1995, Jumbo Interactive has sought global expansion in recent years, securing its UK Gambling Commission software license in 2020. In 2021 the retailer announced its first Canadian ELM acquisition. More recently, in 2022, Jumbo Interactive entered into a partnership with international slot supplier, Gaming Arts.
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