InvestSMART

BETR Entertainment Limited (ASX:BBT)

ALERT: Price-sensitive ASX Announcement for BBT
Current share price for BBT : $0.185 -0.085 (-31.48%)+
Announcement
Release
29 Jan 2026 9:38AM
Price at Release
$0.270
Full Release
download
Summary
BETR Entertainment Limited reported its Q2 FY26 activities highlighting a 25.5% increase in turnover to $444.4 million compared to the previous year. The net win margin decreased by 2.5 percentage points to 8.5%. The report indicates significant strategic investments in brand relaunch and technology to drive growth, alongside a $13.2 million EBITDA loss primarily due to customer-friendly outcomes during major sporting events. The company aims for profitability in FY27, leveraging its strategic investments and potential M&A opportunities. A buyback of up to 10% of issued share capital was announced, reflecting the board's view that shares are undervalued.
Key Points
  • Q2 FY26 turnover increased by 25.5% to $444.4 million.
  • Net win margin decreased by 2.5 percentage points to 8.5%.
  • Strategic investments in brand and technology drive growth.
  • Reported a $13.2 million EBITDA loss influenced by customer-friendly outcomes.
  • Target profitability by FY27 with strategic investments and M&A opportunities.
  • Announced a buyback of up to 10% of issued share capital.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.