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Higher jackpot activity translates to bottom line growth for Jumbo Interactive

19th February 2019 9:14 am GMT

Sydney-listed online lottery operator Jumbo Interactive has reported a 58 per cent increase in revenue to AUD$30.5m (approx. €16.5m) for its financial first-half ended December 31st, 2018.

The company benefited from higher jackpot activity during the period, helping to drive total transaction value up 66 per cent year-on-year to AUD$147.8m.

Jumbo also credited its new Jumbo Lotto platform for enhancing customer engagement.

The higher turnover and revenue helped Jumbo lift net profit from continuing operations by 140 per [...]

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