In an exciting turn of events, Australian lottery firm, Jumbo Interactive, has just released its full-year financial results for the year ending on June 30, 2024. The report is nothing short of impressive, showcasing a phenomenal 34.2% increase in revenue year-on-year, bringing their total earnings to a whopping AU$159.3 million (US$107.14 million).
But that’s not all – Jumbo Interactive has been making waves across multiple sectors, with their Total Transaction Value (TTV) experiencing a substantial 23.7% growth, reaching AU$1.054 billion. In addition, their underlying EBITDA saw a significant rise of 30%, climbing to AU$76.6 million. It’s safe to say that Jumbo Interactive is on fire!
The highlight of the report was the announcement that 2024 marked the year when Jumbo Interactive’s active player base surpassed one million in its Lottery Retailing segment. This incredible milestone saw a 14.9% increase in total active players, culminating in an impressive total of 4.6 million players.
Mike Veverka, the Managing Director, CEO, and Founder of Jumbo Interactive, couldn’t contain his excitement, stating, “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.” He went on to highlight the company’s achievement of exceeding 1 million active players in the Lottery Retailing segment for the first time, emphasizing their commitment to player engagement, acquiring new players, and overall growth potential.
Established in 1995, Jumbo Interactive has been making significant strides towards global expansion. In 2020, they obtained their UK Gambling Commission software license, followed by their first Canadian ELM acquisition in 2021. Not one to rest on their laurels, Jumbo Interactive sealed a partnership with international slot supplier, Gaming Arts, in 2022.
With such a stellar performance in 2024 and a solid foundation laid for future growth, Jumbo Interactive is certainly a force to be reckoned with in the world of lottery and gaming. The sky’s the limit for this dynamic company, and we can only wait in anticipation for what they have in store for FY25.
