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Jumbo results beat guidance but H1 revenue declines

26th February 2014 8:11 am GMT

Australian online lotteries operator Jumbo Interactive has reported first half revenue ahead of forecasts at AUD$12.3m, although results were impacted by an exceptional run of jackpots in the previous year which culminated in a record $112m OzLotto jackpot in November 2012.

Jumbo said it was robust trading period for the company, with a strong run of Australian jackpots in December pushing results above previous forecasts of between $11m and $12m.

Revenue fell by 8 per cent to [...]

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