{"id":34812,"date":"2022-10-26T10:09:21","date_gmt":"2022-10-26T13:09:21","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=34812"},"modified":"2026-04-23T03:33:48","modified_gmt":"2026-04-23T06:33:48","slug":"tabcorp-revenue-up-18-7-in-first-quarter-of-fiscal-year","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/tabcorp-revenue-up-18-7-in-first-quarter-of-fiscal-year","title":{"rendered":"Tabcorp revenue up 18.7% in first quarter of fiscal year"},"content":{"rendered":"\n

The company has provided a trading update on the quarter ending September 30.<\/p>\n\n\n\n\n\n\n\n

Australia.-\u00a0Tabcorp\u00a0has reported that its first quarter revenue was up 18.7 per cent when compared to last year<\/strong>. Gaming and media revenue grew 14.2 per cent year-on-year, with the digital share<\/strong> rising from 23.9 per cent to 24.7 per cent. Revenue in the same quarter last year had been impacted by Covid-19 restrictions.<\/p>\n\n\n\n

Tabcorp said this was achieved almost entirely through its old app. The new app went live in September <\/strong>and is expected to help increase revenue further in the second quarter and beyond. Compared to the six weeks prior to launch, Tabcorp saw a 16 per cent increase in weekly active customers, a 7 per cent increase in average equity and a 33 per cent increase in reactivations.<\/p>\n\n\n\n

Meanwhile, gaming services revenue rose 91.7 per cent in the first quarter<\/strong>, although Tabcorp said this was primarily due to the pandemic-related venue closures in the same period last year.<\/p>\n\n\n\n

Earlier this month, Tabcorp<\/a> acquired a 20 per cent equity interest in Dabble Sports for AU$33.0m (US$20.9m)<\/strong>. The deal gave the company the right to appoint a director to Dabble\u2019s board, subject to probity approval.<\/p>\n\n\n\n

Dabble is an online racing and sports bookmaker that enhances the betting experience by connecting its community. It was founded in 2020 and has over 150,000 customers<\/strong>. In June 2022, the business reported AU$47.0m in annualised revenue. <\/p>\n\n\n\n

It said the investment is in line with its strategy to increase its digital market share. Last month, it agreed to sell<\/a> its eBet loyalty and tracking systems business<\/strong> to Venue Digital Technology Pty Ltd for AU$62m (US$41.5m).<\/p>\n","protected":false},"excerpt":{"rendered":"

The company has provided a trading update on the quarter ending September 30.<\/p>\n","protected":false},"author":176,"featured_media":17276,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Tabcorp reported an 18.7% Q1 revenue increase, driven by gaming and media growth and a rising digital share, though prior year comparisons were impacted by COVID-19. The launch of a new digital app in September has shown early positive engagement metrics. Strategically, Tabcorp acquired a 20% stake in Dabble Sports to enhance digital market share and divested its eBet loyalty business.","focusai_entities":"Tabcorp, Dabble Sports, Venue Digital Technology Pty Ltd","focusai_location":"Australia","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), compliance_legal (0.7), operator_casino (1.0), affiliate_publisher (0.7), product_ux (0.9), tech_data (0.8), marketing_crm (1.0), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (1.0)","focusai_suggestions":[{"label":"New App ROI","query":"What is Tabcorp's projected return on investment for the new digital app, considering the reported increases in active customers and reactivations, and how will this impact future marketing spend allocation?"},{"label":"Dabble Sports Synergy","query":"Beyond increasing digital market share, what specific operational synergies and cross-selling opportunities does Tabcorp anticipate from its 20% equity interest in Dabble Sports, particularly regarding community engagement and product integration?"}],"footnotes":""},"categories":[16336,157],"tags":[13716],"class_list":["post-34812","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","tag-tabcorp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34812","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=34812"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34812\/revisions"}],"predecessor-version":[{"id":34820,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34812\/revisions\/34820"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17276"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=34812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=34812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=34812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}