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…