InvestSMART

Betmakers Technology Group Ltd (ASX:BET)

ALERT: Price-sensitive ASX Announcement for BET
Current share price for BET : $0.180 -0.01 (-5.26%)+
Announcement
Release
28 Oct 2025 8:38AM
Price at Release
$0.190
Full Release
download
Summary
BetMakers Technology Group Ltd reported a strong start to Q1 FY26, achieving a 361% increase in Adjusted EBITDA to $2.4 million compared to a loss in the prior corresponding period. Revenue rose by 7.7% on a normalised basis, reaching $22.1 million, and the gross margin expanded to 64.7%. The company maintained cost discipline, reducing operating expenses by $1.4 million, which supported the positive financial turnaround. Strategic initiatives, including the acquisition of Las Vegas Dissemination Company (LVDC) and the launch of Betsy, are expected to drive future growth. The acquisition of LVDC aims to capitalize on the untapped digital wagering market in Nevada, expected to generate AUD$4.5 million in annual revenue. BetMakers continues to innovate, launching new products such as Racelab Insights and Racelab Stories, enhancing customer engagement and operator insights.
Key Points
  • Adjusted EBITDA of $2.4 million, a $3.4 million turnaround from the previous year.
  • Revenue increased by 7.7% on a normalised basis to $22.1 million.
  • Gross margin expanded to 64.7%.
  • Operating expenses reduced by $1.4 million.
  • Strategic initiatives include the acquisition of LVDC and partnership with Betsy.
  • LVDC expected to contribute AUD$4.5 million in annual revenue.
  • New product launches: Racelab Insights and Racelab Stories.
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.