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Here’s why the Jumbo Interactive (ASX:JIN) share price is pushing higher



The Jumbo Interactive Ltd (ASX: JIN) share price is on the move on Tuesday following the release of its half year results.

In early trade, the online lottery ticket seller’s shares are up 1.5% to $14.70.

How did Jumbo perform in the first half?

For the six months ended 31 December, Jumbo reported a 26% increase in total transaction value (TTV) to $233 million. This was despite an unkind Australian lottery jackpot cycle, with only 15 large jackpots during the period. This compares to 23 in the previous corresponding period, representing a decline of 35%.

However, due to softer revenue margins, Jumbo’s revenue grew at the slower rate of 9% to $41…

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