Jumbo Interactive Limited (ASX:JIN) today announced results for the full year ended 30 June 2021, demonstrating the continued strength of the Lottery Retailing segment despite the impact of fewer and lower value large jackpots.
The emerging Software-as-a-Service (SaaS) and Managed Services segments also made a significant contribution to the 37% increase in Group Total Transaction Value (TTV).
FY21 Group performance highlights:
• Strong double-digit growth across key metrics: o TTV up 37% to $487.0 million o Revenue up 17% to $83.3 million o Underlying EBITDA1 up 13% to $48.9 million • Underlying NPAT1 up 7% to $28.3 million
• Underlying EPS1 up 7% to 45.4 cents per share
• Fully franked final dividend of 18.5 cents per share, taking the total FY21 dividend to 36.5 cents per share, up 3%
Jumbo Interactive CEO and Founder Mike Veverka said “FY21 reflects another record result for Jumbo. Importantly, while our Lottery Retailing segment is trading well without the benefit of jackpot growth, our SaaS and Managed Services segments have made a meaningful contribution to overall performance.” “Our seamless transition to the new Tabcorp Agreement and strong performance in our Lottery Retailing segment is noteworthy. These continue to deliver steady growth at low jackpot levels, while boosting sales significantly at the larger jackpots.” “We are delighted to have successfully transitioned our domestic SaaS clients on to the PBJ platform. This enables them to benefit from the power of our technology and lottery management expertise. In Managed Services, Gatherwell continues to go from strength-to-strength while we focus on extending the model into Australia.”