Jumbo Interactive’s full-year revenue increased to AU$104.3m (US$72.8m), roughly in line with expectations published in July.
When compared to last year’s AU$83.3m, Jumbo has increased its top-line by 25%, resulting in double-digit growth across most metrics.
Underlying EBITDA increased 13% year on year to AU$55.1m, while Jumbo’s net profit after tax increased 13% year on year to AU$32.2m.
Lottery retailing generated AU$91 million in revenue for the full year, accounting for more than 85% of Jumbo’s total revenue. This represents a 27% year-on-year increase, which Jumbo attributed to a “improved” domestic jackpot environment.
During FY22, 43 Powerball and OzLotto jackpots were greater than or equal to AU$15 million, compared to 38 in FY21. The year was also boosted by a AU$120 million Powerball jackpot in February, the first to exceed AU$100 million since September 2019.
Meanwhile, Software-as-a-Service (SaaS) generated $42.7 million and managed services generated $4.8 million. Jumbo reported AU$104.3 million in headline revenue after deducting AU$34.4 million in “intersegment” revenue.
“We are pleased with the strong growth achieved in FY22 as a result of an improved jackpot cycle,” said Jumbo’s CEO and Founder Mike Veverka.
“FY22 was a watershed moment for Jumbo as we laid the groundwork for successfully executing our global growth strategy.”
“Lottery retailing is exceptionally well positioned to benefit from the ongoing digital shift and the new OzLotto game, which launches in May 2022, while the integration of Stride and StarVale will increase scale in our managed services and SaaS segments globally.”