The tech heavy Nasdaq jumped 1.67pc on as Wall Street closed higher ahead of a Jackson Hole speech by Fed chair Powell. Follow the latest here.
Wagering tech business BetMakers is further in the red, increasing its after-tax loss by 411 per cent to $89.2 million, compared to the $17 million loss it posted a year prior.
The annual loss includes a share-based payment expense of $71 million, up from $12.4 million in FY21. Revenue jumped 371 per cent to $91.6 million, driven by the expansion of the Platform and Managing Trading Services offering and content distribution rights.Net cash used in operating activities rose to outflows of $18.2 million from outflows of $2 million the year prior.
CEO Todd Buckingham said the outlook for FY23 and beyond is “exciting as we focus on executing the Company strategy and realising the multiple growth opportunities our unique set of assets provide”. “While a number of these deals have been signed in FY22, we anticipate the benefits will only start to flow throughout FY23 and beyond as these deals materialise.”
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ramsay finally spills the beans on KKR talks, big day loomsRamsay Health Care got the disclosure yips only hours out from its annual results day, and revealed the year’s biggest takeover hangs in the balance.
Read more »
Ramsay keeps door open for KKR’s cash bidThe takeover target is still willing to engage on the cash offer of $88 per share but it has axed an alternate plan which would see its shareholders own an ongoing stake in French hospital operator Ramsay Sante.
Read more »
Nine profits up 35 per cent in record result for TV, publishingNine Entertainment Co will pay shareholders a record full-year dividend and has also announced plans to buy back shares.
Read more »
Nine profits up 35 per cent in record result for TV, publishingNine's chief executive Mike Sneesby said the television, publishing and digital media company was positioned to weather uncertain economic conditions as he announced plans to buy back up to 10 per cent of shares on issue. | zoesam93
Read more »
Nine profits up 35 per cent in record result for TV, publishingNine Entertainment Co will pay shareholders a record full-year dividend and has also announced plans to buy back shares.
Read more »
Qantas plots $400m buyback; Perpetual to acquire PendalWATCH LIVE: Qantas earnings briefing; Whitehaven $1.95b record profit; Appen swings to half-year loss, warns on guidance; Charter Hall forecasts 6pc dividend growth; Eagers declares record interim dividend; Follow for updates.
Read more »