Jumbo Interactive shares dip as Morningstar cuts lottery growth forecast

Jumbo Interactive

23/12/2025 03:51

** Shares of  Jumbo Interactive JIN.AX fall as much as 0.7% to A$11.07 after brokerage Morningstar lowers lottery turnover growth expectations for 2026

** Morningstar says Lottery Corp's TLC.AX core games, which drive most of the Australian technology firm's revenue through ticket resales, see a 4% decline in sales in the first 24 weeks of the fiscal year

** Analysts at Morningstar cut their full-year forecast for Jumbo's lottery turnover growth to 4%, down from a prior 7%

** Brokerage notes early slowing lottery volumes but anticipates a recovery in 2026 second half, supported by a November 2025 price rise in lottery game Powerball

** Stock trading flat at A$11.155 by 0348 GMT, snapping a four day gaining streak

** Stock down 19.8%, including the day's moves

(Reporting by Roushni Nair in Bengaluru)

((Roushni.nair@thomsonreuters.com))