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Betmakers Technology Group Ltd (ASX:BET)

ALERT: Price-sensitive ASX Announcement for BET
Current share price for BET : $0.180 -0.005 (-2.70%)+
Announcement
Release
27 Feb 2026 8:15AM
Price at Release
$0.185
Full Release
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Summary
BetMakers Technology Group Ltd reported its 1H FY26 results, showcasing a noteworthy financial performance characterized by significant revenue growth and strategic partnerships. The company achieved a revenue of $46.1 million, marking a 13.8% increase from the previous year, and recorded a positive Adjusted EBITDA of $6.0 million, reflecting a $7.3 million improvement from 1H FY25. The gross margin expanded to 66.5%, up from 59.7% in the prior corresponding period. Key operational highlights include entering into a 5-year agreement with CrownBet and a multi-year partnership with Stake.com, both aimed at enhancing global horse racing solutions. Additionally, BetMakers completed the acquisition of Las Vegas Dissemination Company (LVDC), expected to add $4.5 million in annual revenue. The company has optimized its cost base and reduced operating costs to $54.3 million. These moves are part of BetMakers' transition from a transformation to a growth phase, with a focus on leveraging its technology-led model to drive further growth and market penetration, particularly in the US.
Key Points
  • Revenue increased by 13.8% to $46.1 million compared to 1H FY25.
  • Adjusted EBITDA improved to $6.0 million from a loss of $1.3 million in 1H FY25.
  • Gross Margin expanded to 66.5% from 59.7% in the prior period.
  • BetMakers entered a 5-year technology agreement with CrownBet.
  • Signed a multi-year agreement with Stake.com for global horse racing expansion.
  • Completed acquisition of Las Vegas Dissemination Company (LVDC), contributing $4.5 million in annual revenue.
  • Operating costs reduced to $54.3 million.
  • The company is focusing on monetizing new contracts and margin improvement.
  • BetMakers is advancing digital tote products in Nevada.
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.