Tabcorp has revealed a record number of digital active TAB customers in its full-year results, while also announcing the departure of chief financial officer Daniel Renshaw.
Digital active customers rose to 805,000, an increase of three per cent, while overall group revenue was up two per cent on FY22 pro-forma to AU$2.4bn.
Group EBITDA of $391m was an increase of eight per cent, while group EBIT rose 103 per cent on FY22 pro-forma to $150m.
Group operating expenses for Tabcorp were down one per cent and below guidance, but total TAB revenue market share was 34.6 per cent against 33.6 per cent.
Digital revenue market share decreased slightly to 24.5 per cent from 24.9 per cent and Tabcorp said Queensland is the best performing TAB state after the implementation of a Level Playing Field in December 2022.
Tabcorp also revealed that CFO Renshaw is departing due to personal reasons at the end of August, with Damien Johnson set to step in as the new interim CFO.
Tabcorp managing director and CEO, Adam Rytenskild, said: “Dan played a key role in the successful demerger of the Lotteries & Keno business and the successful launch of new Tabcorp.
"Demergers and transformations are hard to deliver and Dan was an important part of our leadership team that ensured a seamless transition for shareholders and a strong foundation year for Tabcorp’s TAB25 transformation strategy.”
He added: “Damien is no stranger to Tabcorp and is a very experienced CFO. He has a deep understanding of the racing industry and regulatory landscape.
“Damien understands our strategy and is keen to help enable it while he is with us and I appreciate him making himself available.”
