Tabcorp Holdings has reported revenue of AU$2.37bn (US$1.64bn) for the full year ended 30 June 2022, a 4% decline from the prior-year period.
Group EBITDA was AU$382m, with Tabcorp explaining that the results are reflective of external impacts including Covid-19, delivered under a pre-demerger operating structure.
FY22 Group Statutory Net Profit after Tax (NPAT) was AU$6.77bn, compared to AU$269m in FY21, with net debt of AU$20m.
Wagering and Media revenue for the period declined by 5% year-on-year to AU$2.18bn, with EBITDA down 26%. Both were driven by the “significant impact of Covid-related retail closures in 1H22 in the company’s largest markets – NSW and Victoria – and wet weather in 2H22 which resulted in a record number of abandonments.”