Mobile drives Tabcorp digital growth
Double-digit FY14 growth in online wagering sees more than half of turnover come from mobile channels
Australian operator Tabcorp recorded an 18% year-on-year increase in full-year digital turnover for the 12 months ended June 30 2014, following strong growth in the Melbourne-based firm’s mobile business.
The former monopoly reported total digital turnover for the year increased to AU$2.9bn with mobile devices accounting for 54% of turnover, up from 35% in the previous year.
Total group revenues increased 2% year-on-year to $2bn and Tabcorp recorded EBITDA of $486.1m, up 5% when compared to the previous 12 months.
“The group’s performance in FY14 demonstrates the benefits of being diversified across four businesses, with market-leading brands and a unique multi-product, multi-channel distribution model,” Tabcorp managing director and CEO, David Attenborough, said.
“The strong performance of our wagering business was driven by excellent growth in fixed-odds and digital wagering,” he added.
The company’s Northern Territory online bookmaking business Luxbet posted revenues of $47.9m, up 26%, while total wagering turnover increased 1% to $1.6bn and EBITDA 7% to $282m.
“In wagering, we are focused on the customer experience,” Attenborough said. “We will continue to integrate our retail and digital offerings [and] expand our products,” he added.
The company’s fixed odds business was also a key wagering growth driver after expansion into new markets led to a 27% year-on-year increase in revenues to $511.5m including a 13% increase in fixed-odds sports revenues.
Media and international revenues increased 6% year-on-year to $220.4m.