Canada · Delayed Price · Currency is CAD NorthStar Gaming Holdings Earnings Call Transcripts
Fiscal Year 2025
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Q2 2025 saw 15% revenue growth and record gross margins, with profit before marketing up 87% year-over-year. Managed services outside Ontario doubled, and a CAD 43.4 million debt financing supports the path to profitability. Break-even is targeted as revenue and margins expand.
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The meeting highlighted strong 2024 financial results, including significant revenue and margin growth, and outlined strategic priorities for the coming year. All formal resolutions, including director elections, auditor appointment, and the Amended Omnibus Plan, were approved by the requisite majority.
Fiscal Year 2024
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Record 2024 results with 57% revenue growth and 91% gross margin increase, driven by Ontario and expanding managed services. Secured CAD 43.4M in long-term debt, positioning for profitability and further growth as new provinces regulate online betting.
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Q3 2024 saw record wagering and strong revenue growth, with gross margin expansion and operating leverage now covering overhead. Product innovation and geographic expansion are driving high-value player growth, while additional capital is being sought to fund further scale.