Posted on: May 17, 2026, 09:20h.
Last updated on: May 17, 2026, 09:21h.
- PointsBet reports a 1% decrease in group revenue for first nine months of FY26 after MIXI takeover
- Company sees a 28% net win boost in igaming for Canada
- PointsBet Canada gears up for Alberta launch
PointsBet posted total group revenue of USD $133.4 million for the nine months ended March 31, down from $134.7 million year over year for the same period, a decrease offset by stronger growth reported by the company’s Canada operations.
1% Decrease in Group Revenue
For months last year, a boardroom battle between MIXI Australia and Betr for control of Australia-based PointsBet played out publicly in the press, with offers and counteroffers bouncing back and forth. In September, MIXI Australia completed its takeover bid for PointsBet, securing 66.43% of the shares in the company, wrapping up its majority holding.
The betting operator reported a 6% decrease in gross profit, at USD $66.9 million, compared to USD $71.4 million over the first nine months in FY25. PointsBet also changed its financial year-end from June 30 to March 31, consolidating those into MIXI’s financial statements from October 1, 2025.
Cash active clients was up 1% against PCP, at 298.1 thousand. Australia was down 1%, but Canada was up 9%.
Alberta Launch in July
The company also reported a decrease in marketing expenses for the nine-month period, from USD $35.9 million PCP to USD $35.1 million, with operating expenses reduced as well, from USD $34.7 million to USD $32.3 million.
PointsBet Canada came out of the gate as a licensed operator when the Ontario regulated market opened April 4, 2022. The company is also on the Alberta Gaming, Liquor & Cannabis list of 28 igaming operators that have either secured a license to start operations in Alberta when that market goes live July 13, or are in process of securing a license.
Australia had the weaker result, according to the PointsBet financial results, with revenue falling to USD $108.7 million from USD $112.9 million (4% decrease). Sportsbetting gross win margin held flat, at 13.3%, while net win fell 4% (to USD $119.6 million).
Canada Results
It was online casino in Canada that helped drive the bus overall, financially.
Revenue in Canada was up 13%, to USD $24.7 million, with total net win climbing 14% to USD $24.8 million. Out of that, though, igaming net win grew 28%, to USD $16.9 million, with slots in particular the big factor. Sports betting handle decreased 39% to USD $115.5 million PCP, which the company said came down to lower VIP play and higher gross win margins, reducing reinvestment.
In March, PointsBet Canada Head of Casino Brooke Hilton spoke to Casino.org about how Canada has evolved into a casino-first casino marketplace.
“Everyone in this industry understands the need to evolve, innovate and challenge what is expected,” she said. “And so, over the past year, we’ve really been investing in the casino side of the technology, features, promotion, mechanics and things to that degree. So, we’re really going to elevate our product to be able to go after more casino-first players. That’s in line with what the market is telling us.”
