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BlueBet Holdings Ltd.
(Sydney:BBT)
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Rating:41Neutral
Price Target:
AU$0.13
▼(-35.50% Downside)
Action:Reiterated
Date:10/23/26
The score is driven primarily by weak financial performance—deteriorating profitability and persistent negative free cash flow raise funding-risk concerns despite moderate leverage. Technicals add further pressure, with the stock in a downtrend and momentum indicators deeply oversold. Valuation provides limited support because the company is loss-making (negative P/E) and there is no dividend yield data to offset risk.
Positive Factors
Strong Revenue Growth
Strong revenue growth indicates that BlueBet is expanding wagering activity and customer-generated turnover across its operations. If this top-line momentum can be maintained, it provides a larger base from which the company could improve operating leverage and eventually convert scale into more sustainable earnings.
Negative Factors
Persistent Negative Cash Flow
Persistent negative operating and free cash flow means the business is not currently self-funding its operations. Continued cash burn can increase reliance on external capital or available balance-sheet capacity, limiting strategic flexibility and making durable growth harder to achieve.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Strong revenue growth indicates that BlueBet is expanding wagering activity and customer-generated turnover across its operations. If this top-line momentum can be maintained, it provides a larger base from which the company could improve operating leverage and eventually convert scale into more sustainable earnings.
Read all positive factors
BlueBet Holdings Ltd. (BBT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$157.44M
Dividend YieldN/A
Average Volume (3M)101.91K
Price to Earnings (P/E)―
Beta (1Y)1.76
Revenue Growth8.87%
EPS Growth-260.38%
CountryAU
Employees1,200
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)N/A
Shares Outstanding1,049,587,800
10 Day Avg. Volume83,965
30 Day Avg. Volume101,906
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)1.30
Price to Sales (P/S)1.20
P/FCF Ratio-6.65
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.37Price Target Upside82.50% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
BlueBet Holdings Ltd. Business Overview & Revenue Model
Company Description
BlueBet Holdings Ltd delivers sports and racing wagering solutions to its customer base, which can access these services via an online platform, mobile applications, and telephone. The firm, headquartered in Sydney, Australia, commenced its operat...
How the Company Makes Money
BlueBet primarily makes money by earning a margin on customer wagering activity placed through its online and mobile betting platforms. Its core revenue is generated from betting turnover: for each market (e.g., sports or racing), the company sets...
BlueBet Holdings Ltd. Financial Statement Overview
Summary
Income Statement
26
Negative
Balance Sheet
52
Neutral
Cash Flow
24
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 143.76M | 132.04M | 57.59M | 49.02M | 49.67M |
| Gross Profit | 5.65M | 54.73M | 6.65M | 1.47M | 10.97M |
| EBITDA | -15.93M | -396.00K | -42.41M | -18.28M | -5.48M |
| Net Income | -40.17M | -6.80M | -46.92M | -18.83M | -6.07M |
Balance Sheet | |||||
| Total Assets | 213.75M | 282.78M | 37.51M | 55.09M | 58.21M |
| Cash, Cash Equivalents and Short-Term Investments | 27.58M | 104.88M | 24.49M | 22.70M | 47.27M |
| Total Debt | 38.72M | 38.95M | 580.00K | 1.01M | 1.28M |
| Total Liabilities | 80.50M | 84.60M | 34.08M | 26.24M | 12.85M |
| Stockholders Equity | 133.25M | 198.18M | 3.43M | 28.85M | 45.37M |
Cash Flow | |||||
| Free Cash Flow | -25.99M | -19.71M | -16.68M | -23.89M | -7.60M |
| Operating Cash Flow | -25.69M | -19.31M | -13.35M | -14.22M | -967.00K |
| Investing Cash Flow | -8.96M | -69.85M | -3.33M | -10.50M | -6.63M |
| Financing Cash Flow | -42.66M | 169.66M | 18.26M | -272.00K | -1.24M |
BlueBet Holdings Ltd. Technical Analysis
Negative
0.20
Price Trends
0.18
Negative
0.18
Negative
0.20
Negative
Market Momentum
>-0.01
Positive
22.74
Positive
3.89
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BBT, the sentiment is Negative. The current price of 0.2 is above the 20-day moving average (MA) of 0.16, above the 50-day MA of 0.18, and above the 200-day MA of 0.20, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 22.74 is Positive, neither overbought nor oversold. The STOCH value of 3.89 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:BBT.
BlueBet Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | AU$372.98M | 10.76 | 26.69% | 4.58% | 33.23% | -14.58% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | AU$240.86M | -45.65 | -5.57% | ― | 8.79% | 82.66% | |
61 Neutral | AU$11.91B | 41.71 | 94.29% | 3.10% | -4.64% | -22.15% | |
57 Neutral | AU$1.94B | 42.33 | 3.66% | 3.49% | 0.13% | 26.25% | |
41 Neutral | AU$157.44M | -3.80 | -29.69% | ― | 8.87% | -260.38% | |
41 Neutral | AU$279.81M | -8.00 | 231.91% | 272.55% | 5.56% | 8.45% |
* Consumer Cyclical Sector Average
AU:BBT
BlueBet Holdings Ltd.
0.14
-0.10
-43.75%
AU:PBH
PointsBet Holdings
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AU:TAH
Tabcorp Holdings Limited
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AU:BET
Betmakers Technology Group
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AU:JIN
Jumbo Interactive Limited
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AU:TLC
Lottery Corporation Limited
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-1.95%
BlueBet Holdings Ltd. Corporate Events
BETR Entertainment Seeks ASX Quotation for Additional Ordinary Shares
Sep 22, 2026
BETR Entertainment Limited has applied to the ASX for quotation of newly issued ordinary fully paid shares under its BBT ticker. The application covers a total of 106,249 shares, with 62,878 issued on September 17, 2026 and 43,371 issued on Septem...
BETR Entertainment Seeks ASX Quotation for New Share Issue
Sep 10, 2026
BETR Entertainment Limited has applied to the ASX for quotation of 27,841 new ordinary fully paid shares under the code BBT, issued on 8 September 2026. The modest size of this share issuance suggests a routine capital management move, likely aime...
S&P Dow Jones Indices Unveils September 2026 S&P/ASX Rebalance
Sep 4, 2026
SP Dow Jones Indices has announced the September 2026 quarterly rebalance of the SP/ASX index family, with changes set to take effect before the market opens on September 21. The review leaves the blue-chip SP/ASX 20 unchanged but brings notable s...
Betr Entertainment Expands ASX-Quoted Share Capital
Sep 3, 2026
Betr Entertainment Limited has applied for quotation of new ordinary fully paid shares on the ASX, expanding its listed capital base under ticker BBT. The company will have an additional 1,568,750 shares quoted from 1 September 2026 and a further ...
Betr Entertainment Files Corporate Governance Statement with ASX
Aug 27, 2026
Betr Entertainment Limited has submitted its Appendix 4G and confirmed that its corporate governance statement for the year ended 30 June 2026 is available on its website, in accordance with ASX Listing Rule 4.10.3. The statement, approved by the ...
betr Entertainment Posts FY26 Turnaround and Affirms Strong FY27 Outlook
Aug 27, 2026
betr Entertainment Limited reported a decisive turnaround in its FY26 performance, with normalised EBITDA of $6.1 million in the second half delivering on guidance. The company said FY26 followed a period of deliberate investment and disciplined e...
betr Entertainment Sets Date for FY2026 Results and Investor Call
Aug 18, 2026
betr Entertainment Limited has announced it will release its FY2026 annual results on Thursday 27 August 2026. The disclosure will be accompanied by an investor conference call scheduled for the same day at 10:30 a.m. AEST, with access provided vi...
betr Entertainment issues Q4 FY26 activities report with investor disclaimers
Jul 30, 2026
betr Entertainment Limited has released its quarterly activities report for the period ended 30 June 2026, providing investors with historical financial information and operational data for the fourth quarter of FY26. The update, presented alongsi...
betr Entertainment to release Q4 FY2026 update and host investor call
Jul 24, 2026
betr Entertainment Limited will publish its Q4 FY2026 quarterly update on 30 July 2026, outlining its latest financial and operational performance for investors. The company will also host an investor conference call and webcast that day, requirin...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.