Overview of AGM highlights

Jumbo Interactive (ASX:JIN) held its 2024 Annual General Meeting on November 8, 2024. The company reported a decline in revenue and Total Transaction Value due to fewer large jackpots. Despite these challenges, Jumbo reaffirmed its FY25 financial outlook and commitment to cost management.

Key takeaways from Jumbo Interactive's announcement

During its 2024 AGM, Jumbo Interactive revealed a decrease in revenue and TTV due to a lack of large jackpots. Despite this, the company is focused on maintaining strong financial health through cost management and strategic developments. Jumbo is extending its global presence, pursuing M&A opportunities, and investing in digital lottery innovations. The company remains committed to sustainability, retaining its carbon-neutral status and enhancing ESG protocols. With strong shareholder support and a continued focus on innovation and governance, Jumbo is poised for future growth in the digital lottery space.

Insights from the AGM

We are focused on managing our cost base effectively while reaffirming our FY25 outlook. The subdued jackpot environment has impacted our revenue and TTV, but we remain committed to sustaining EBITDA margins and exploring global expansion opportunities. Our strategic initiatives, including digital lottery innovations and M&A prospects, are designed to support growth and enhance our capabilities.