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BETR Entertainment Limited (ASX:BBT)

ALERT: Price-sensitive ASX Announcement for BBT
Current share price for BBT : $0.165 -0.01 (-5.71%)+
Announcement
Release
30 Apr 2026 9:46AM
Price at Release
$0.175
Full Release
download
Summary
The Q3 FY26 Quarterly Activities Report for Betr Entertainment Limited highlights the company's financial performance and strategic initiatives. The company reported a net cash outflow from operating activities of $8.9 million for the quarter, with total cash and cash equivalents at $28.7 million by the end of March 2026. Significant investments were made in intellectual property and strategic initiatives, totaling $2.2 million and $1.2 million respectively. The company is focused on improving operational efficiency, optimizing customer engagement, and maintaining a disciplined capital allocation strategy. Despite non-recurring costs impacting current cash flows, improvements are expected in Q4 and into FY27, with EBITDA targets set at $5-8 million for H2 FY26 and $13-19 million for FY27.
Key Points
  • Net cash outflow from operating activities of $8.9 million.
  • Cash and cash equivalents at $28.7 million by March 2026.
  • Investments in intellectual property of $2.2 million.
  • Strategic initiative costs of $1.2 million.
  • Focus on operational efficiency and customer engagement.
  • EBITDA targets for H2 FY26 set at $5-8 million.
  • Projected EBITDA for FY27 between $13-19 million.
  • Continued simplification and strategic investments.
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.