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Betmakers Technology Group Ltd (ASX:BET)

ALERT: Price-sensitive ASX Announcement for BET
Current share price for BET : $0.180 0.01 (5.88%)+
Announcement
Release
29 Apr 2026 9:58AM
Price at Release
$0.170
Full Release
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Summary
For the quarter ending March 31, 2026, BetMakers Technology Group Ltd reported a 12.6% increase in revenue, reaching $23.4 million. The company achieved an adjusted EBITDA of $3.4 million, marking a 186% growth compared to the previous year. The EBITDA margin improved significantly to 14.7%, up from 5.8%. The company maintained a stable cash position with $14.8 million in unrestricted cash and continued to prioritize a technology-led growth strategy. The quarter also saw the completion of the Crown deployment and the initial contribution from the Las Vegas Dissemination Company (LVDC) acquisition, strengthening BetMakers' presence in North America.
Key Points
  • BetMakers reported a revenue increase of 12.6%, reaching $23.4 million.
  • Adjusted EBITDA was $3.4 million, a 186% increase from the prior year.
  • EBITDA margin improved to 14.7%.
  • Strong operating cash flow with $14.8 million in unrestricted cash.
  • Completion of Crown deployment and initial contribution from LVDC acquisition.
  • Strategic focus on technology-led growth and North American expansion.
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.