The Australian lottery firm has shared its financial results for the first half of its 2021-22 financial year.<\/p>\n\n\n\n\n\n\n\n
Australia.-\u00a0Jumbo Interactive Limited\u00a0<\/strong>has announced that revenue for the first six months of the 2021-22 financial year was up 29 per cent year-on-year to AU$52.8m (US$38.1m). The main source of revenue was retail lottery which generated a total of AU$46.7m, up 23.6 per cent year-on-year, mainly due to higher player activity.<\/p>\n\n\n\n Software-as-a-service (SaaS) revenue<\/strong>\u00a0was up 69.1 per cent to AU$2.4m. Jumbo signed a 10-year agreement to\u00a0provide software services to Lotterywest<\/a>, the Western Australian State Government lottery, in November.<\/p>\n\n\n\n The rest of the revenue came from managed services, which increased 40.8 per cent year-on-year to AU$2.1m. The main contribution there came from Gatherwell UK’s lottery business.<\/p>\n\n\n\n Jumbo noted that the company’s total transaction value, which includes a halving of the total value of goods sold and services rendered, rose 4.1 per cent from AU$232.8m to AU$327.9m. <\/p>\n\n\n\n Jumbo Interactive CEO\u00a0<\/strong>and founder\u00a0Mike Veverka<\/strong>\u00a0said: \u201cWe are very pleased with the growth that we have achieved this half, across all our operating segments, and the positive momentum across the business.<\/p>\n\n\n\n \u201cLottery 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.\u201d<\/p>\n\n\n\n Last October, the company appointed\u00a0Nigel Atkinson<\/strong>\u00a0as UK General Manager<\/a>\u00a0to lead its growth strategy in the European market.\u00a0In January, the Australian lottery firm\u00a0acquired 100 per cent of StarVale Group<\/a>, a UK external lottery manager (ELM) and digital payments company that serves over 850,000 active lottery players across over 45 charities\u00a0<\/strong>and non-profit organisations.<\/p>\n","protected":false},"excerpt":{"rendered":" The Australian lottery firm has shared its financial results for the first half of its 2021-22 financial year.<\/p>\n","protected":false},"author":176,"featured_media":12154,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Jumbo Interactive Limited reported a 29% year-on-year revenue increase to AU$52.8m for H1 FY2021-22, driven by strong retail lottery performance, significant SaaS growth from a new Lotterywest agreement, and managed services expansion. The period also saw strategic moves including a key UK general manager appointment and the acquisition of StarVale Group, an External Lottery Manager and digital payments company, signaling a clear intent for European market expansion and diversified B2B offerings.","focusai_entities":"Jumbo Interactive Limited, Lotterywest, Gatherwell UK, Mike Veverka, Nigel Atkinson, StarVale Group","focusai_location":"Australia, Western Australia, UK, Europe","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.7), product_ux (0.7), tech_data (0.8), marketing_crm (0.8), payments_fraud_aml (0.8), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"SaaS Growth Drivers","query":"What specific market conditions or technological advancements are driving the exceptional 69.1% SaaS revenue growth, and how scalable is this segment given the recent 10-year Lotterywest agreement?"},{"label":"M&A Integration Strategy","query":"Following the StarVale Group acquisition, what are Jumbo Interactive's immediate and long-term integration strategies to leverage StarVale's ELM capabilities and digital payments infrastructure for cross-selling or market expansion, particularly in the European market?"}],"footnotes":""},"categories":[16336,157,158],"tags":[],"class_list":["post-27479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","category-slider-home"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=27479"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27479\/revisions"}],"predecessor-version":[{"id":27486,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27479\/revisions\/27486"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/12154"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=27479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=27479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=27479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}