PointsBet
(ASX:PBH) reported an operating loss of $51.8 million in the December quarter, with revenue at $90.4 million.
The sports betting business reported investing cash outflows of $43.6 million, as the company finished the quarter with net cash on hand of $569 million.
PointsBet said total turnover climbed 11 per cent on the prior correspodning quarter to $1.33 billion. Meanwhile active clients in the US grew 210 per cent on the prior corresponding quarter, while clients in Australia grew 63 per cent.
Shares in PointsBet
(ASX:PBH) are trading 8.8 per cent lower at $4.59.
