Jumbo Interactive Revenue Up 29% for First Half of 2021-22 Financial Year

Jumbo Interactive Limited has announced that revenue for the first six months of the 2021-22 financial year was up 29% year-on-year to AU$52.8m (US$38.1m).

The Australian lottery business has seen healthy growth across most key performance metrics, including group total transaction value (TTV), which is up 41% year-on-year to nearly AU$328m.

Lottery retailing was the mainstay of Jumbo’s business for H1, delivering AU$46.7m in underlying revenue, though its emerging software-as-a-service (SaaS) and managed services business segments grew considerably.

Revenue from these areas amounted to AU$4m and AU$2.1m for roughly 145% and 41% growth respectively, while SaaS TTV more than doubled year-on-year.

Jumbo attributed its SaaS revenue growth to the scaling up of existing customers in Australia, as well as having a full six months of Lotterywest, with whom it signed a ten-year agreement in late 2020 for its online platform and related services.

Mike Veverka, Founder and CEO of Jumbo Interactive, said: “We are very pleased with the growth that we have achieved this half, across all our operating segments, and the positive momentum across the business.

“Lottery retailing continues to perform exceptionally well, underpinned by the improved jackpot cycle and our focus on player engagement and retention.

“Our SaaS and managed services segments continue to demonstrate good organic growth, with all our Australian SaaS clients contributing on a full run-rate basis.”