BetMakers Technology Group (ASX: BET) reported a solid finish to FY26, supported by stronger profitability, steady revenue growth and continued commercial expansion. Quarterly revenue increased 9.4% year-on-year to AU$24.2 million, while adjusted EBITDA almost doubled to AU$4.5 million, lifting the adjusted EBITDA margin to 18.5%. Gross margin also improved to 68.5%, reflecting the benefits of its technology-led operating model and disciplined cost management. The company expanded its customer base with launches including Stake.com and Dafabet.com.au, while signing agreements to introduce parimutuel-powered reveal games, further broadening its product portfolio.
Operationally, BetMakers continued strengthening its global racing technology platform through new partnerships, AI-powered product launches and the successful integration of GT Vegas, which returned to positive adjusted EBITDA following cost synergies. The company also enhanced its international content distribution network and expanded its digital wagering capabilities, positioning itself for additional growth opportunities. Management highlighted that recent contract wins and efficiency initiatives are yet to make a full contribution to reported earnings, suggesting further upside as these initiatives mature.
The company maintained a healthy financial position with AU$3.2 million in operating cash flow during the quarter and unrestricted cash increasing to AU$15.6 million. BetMakers expects its technology-focused strategy, improving operating leverage and expanding product suite to support sustainable growth into FY27, while continuing to target higher revenue, stronger margins and consistent cash generation.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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BetMakers Devlivers Strong Q4
BetMakers Technology Group (ASX: BET) reported a solid finish to FY26, supported by stronger profitability, steady revenue growth and continued commercial expansion. Quarterly revenue increased 9.4% year-on-year to AU$24.2 million, while adjusted EBITDA almost doubled to AU$4.5 million, lifting the adjusted EBITDA margin to 18.5%. Gross margin also improved to 68.5%, reflecting the benefits of its technology-led operating model and disciplined cost management. The company expanded its customer base with launches including Stake.com and Dafabet.com.au, while signing agreements to introduce parimutuel-powered reveal games, further broadening its product portfolio.
Operationally, BetMakers continued strengthening its global racing technology platform through new partnerships, AI-powered product launches and the successful integration of GT Vegas, which returned to positive adjusted EBITDA following cost synergies. The company also enhanced its international content distribution network and expanded its digital wagering capabilities, positioning itself for additional growth opportunities. Management highlighted that recent contract wins and efficiency initiatives are yet to make a full contribution to reported earnings, suggesting further upside as these initiatives mature.
The company maintained a healthy financial position with AU$3.2 million in operating cash flow during the quarter and unrestricted cash increasing to AU$15.6 million. BetMakers expects its technology-focused strategy, improving operating leverage and expanding product suite to support sustainable growth into FY27, while continuing to target higher revenue, stronger margins and consistent cash generation.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au