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BETR Entertainment Limited (ASX:BBT)

ALERT: Price-sensitive ASX Announcement for BBT
Current share price for BBT : $0.190 -0.08 (-29.63%)+
Announcement
Release
29 Jan 2026 9:37AM
Price at Release
$0.270
Full Release
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Summary
betr Entertainment Limited, listed on the ASX under the ticker BBT, announced its Q2 FY26 results, highlighting a turnover growth surpassing market expectations by four times. The company faced a first-half EBITDA loss of $13.2 million, attributed to favorable customer outcomes and strategic investments, which are non-recurring. The investments, including marketing and technology enhancements, have positioned the company for improved operating leverage and profitability in H2 FY26 and beyond. betr has set ambitious EBITDA targets for H2 FY26 and FY27. An on-market share buyback program was announced to purchase up to 10% of issued share capital. The leadership emphasized the focus on disciplined capital allocation and the execution of strategic plans to drive profitable growth.
Key Points
  • betr Entertainment Limited reported a significant increase in turnover growth of approximately 13% for H1 FY26.
  • The company experienced an H1 EBITDA loss of $13.2 million due to industry-wide, customer-friendly results and strategic investments.
  • Trading margins returned to historical levels from December, with a Net Win Margin of around 11% in December and January.
  • Strategic marketing and technology investments were completed in H1, enhancing operating leverage for H2 and FY27.
  • betr has set an EBITDA target of $5-8 million for H2 FY26 and $13-19 million for FY27.
  • The company announced an on-market share buyback for up to 10% of issued share capital.
  • Executive Chairman Matt Tripp emphasized disciplined capital allocation and a focus on profitable business growth.
  • The strategic H1 investments are expected to yield earnings benefits throughout FY26 and into FY27.
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.