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Betmakers Technology Group (BET) AI Stock Analysis
Betmakers Technology Group
(ASX:BET)
The score is primarily driven by improving financial performance (operating and cash-flow rebound plus low leverage), partially offset by continued net losses and an unfavorable negative P/E. Technical indicators are moderately supportive, but not strong enough to outweigh valuation and profitability concerns.
Betmakers Technology Group (BET) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 240.86M
- Dividend Yield
- ―
- Average Volume (3M)
- 5.69M
- Price to Earnings (P/E)
- -46.2
- Beta (1Y)
- 0.25
- Revenue Growth
- 8.79%
- EPS Growth
- 82.66%
- Country
- Australia
- Employees
- 468
- Sector
- Consumer Cyclical
- Sector Strength
- 61
- Industry
- Software - Application
Betmakers Technology Group Business Overview & Revenue Model
Company Description
Betmakers Technology Group Ltd, together with its subsidiaries, engages in the development and provision of software, data, and analytics products for the B2B wagering market in Australia, New Zealand, the United States, the United Kingdom, Europe, a...
How the Company Makes Money
Betmakers primarily makes money by supplying wagering-technology products and services to other gambling and wagering businesses under commercial contracts. Its revenue model typically includes: (1) Technology and platform fees: recurring fees for ac...
Betmakers Technology Group Financial Statement Overview
Summary
FY2026 shows a clear rebound with a sharp swing to positive operating earnings and improved cash generation, supported by very low leverage (debt-to-equity ~0.05). However, net income remains negative in FY2026 and prior years show sustained losses and volatile margins, which limits confidence in the durability of the turnaround.
Income Statement
58NeutralBalance Sheet
76PositiveCash Flow
63Positive| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 92.60M | 92.60M | 85.12M | 95.20M | 95.03M | 91.68M |
| Gross Profit | 28.63M | 45.20M | 54.55M | 57.40M | -25.37M | 9.84M |
| EBITDA | 37.23M | 60.70M | 1.33M | -5.21M | -40.96M | -86.06M |
| Net Income | -5.20M | -5.20M | -26.42M | -38.67M | -38.78M | -89.23M |
Balance Sheet | ||||||
| Total Assets | 145.70M | 145.70M | 134.16M | 150.65M | 199.54M | 223.06M |
| Cash, Cash Equivalents and Short-Term Investments | 37.87M | 37.87M | 30.31M | 29.33M | 41.04M | 87.55M |
| Total Debt | 4.21M | 4.21M | 1.47M | 3.15M | 15.07M | 5.22M |
| Total Liabilities | 52.95M | 52.95M | 38.93M | 39.10M | 48.95M | 33.77M |
| Stockholders Equity | 92.75M | 92.75M | 95.23M | 111.55M | 150.60M | 189.29M |
Cash Flow | ||||||
| Free Cash Flow | 17.27M | 10.50M | -6.62M | -5.03M | -32.49M | -34.38M |
| Operating Cash Flow | 18.91M | 18.91M | 3.54M | 3.21M | -24.26M | -18.22M |
| Investing Cash Flow | -9.57M | -9.57M | -10.16M | -11.47M | -11.03M | -22.77M |
| Financing Cash Flow | -293.00K | -293.00K | 8.05M | -2.69M | -11.73M | 7.94M |
Betmakers Technology Group Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BET, the sentiment is Positive. The current price of 0.21 is below the 20-day moving average (MA) of 0.22, below the 50-day MA of 0.21, and above the 200-day MA of 0.19, indicating a neutral trend. The MACD of 0.00 indicates Positive momentum. The RSI at 50.98 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:BET.
Betmakers Technology Group Peers Comparison
Overall Rating
AU:ALL84Outperform- AU:BET61Neutral
AU:TAH56Neutral
AU:AGI43Neutral
AU:PBH41Neutral
AU:BBT38Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| AU:ALL | 84Outperform | AUD 38.34B | 27.51 | 23.15% | 1.50% | -1.22% | 10.79% |
| Sector * | 61Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
| AU:BET | 61Neutral | AUD 240.86M | -46.20 | -5.57% | ― | 8.79% | 82.66% |
| AU:TAH | 56Neutral | AUD 2.08B | 45.30 | 3.66% | 3.26% | 0.13% | 26.25% |
| AU:AGI | 43Neutral | AUD 400.78M | -22.55 | -5.86% | ― | -13.43% | -208.54% |
| AU:PBH | 41Neutral | AUD 258.95M | -8.79 | 117.05% | ― | -1.00% | 28.34% |
| AU:BBT | 38Underperform | AUD 125.95M | -3.14 | -29.69% | ― | 8.87% | -260.38% |
* Consumer Cyclical Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:BET | Betmakers Technology Group Ltd. | 0.21 | 0.05 | 35.48% | |
| AU:AGI | Ainsworth Game Technology Limited | 1.29 | 0.28 | 27.72% | |
| AU:ALL | Aristocrat Leisure Limited | 66.05 | 4.57 | 7.44% | |
| AU:PBH | PointsBet Holdings Ltd. | 0.74 | -0.18 | -19.02% | |
| AU:TAH | Tabcorp Holdings Limited | 0.92 | 0.02 | 2.00% | |
| AU:BBT | BlueBet Holdings Ltd. | 0.12 | -0.13 | -52.00% |
Betmakers Technology Group Corporate Events
BetMakers lifts FY26 margins on digital growth and cost discipline
BetMakers Technology Group reported full-year FY26 revenue of $92.6 million, up 8.8% year on year, driven by strong digital growth and tighter cost control. Adjusted EBITDA jumped to $14.1 million, lifting the margin to 15.2%, while operating expense...
BetMakers Publishes FY26 Racing Technology Results Overview
BetMakers Technology Group has released its FY26 results presentation, outlining general information on its operations and financial metrics in Australian dollars. The document, issued to the ASX, is unaudited for quarterly figures and is intended as...
BetMakers Narrows Annual Loss as Revenue Rises 9%
BetMakers Technology Group reported a 9% increase in revenues from ordinary activities to $92.6 million for the year ended 30 June 2026, reflecting continued growth in its wagering technology operations. Despite the ongoing absence of dividends, the...
Harvest Lane Lifts Stake in Betmakers to 6.45%
Harvest Lane Asset Management has increased its substantial shareholding in Betmakers Technology Group to 6.45% of the company’s ordinary shares, up from 5.31%, according to a change of interests notice filed with the ASX. The move, achieved th...
BetMakers Sets Dates for FY26 Results Release and Investor Webinar
BetMakers Technology Group Ltd, an Australian wagering technology provider that supplies data and platform solutions to bookmakers and racing organisations, operates as an infrastructure player in the betting ecosystem. The company focuses on support...
Paradice Investment Management Exits Substantial Holder Position in Betmakers
Paradice Investment Management Pty Ltd has lodged a notice under Australia’s Corporations Act stating it has ceased to be a substantial holder in Betmakers Technology Group as of 10 August 2026. The change in its relevant interest in Betmakers&...
Tabcorp Moves to Acquire BetMakers in Technology-Focused Wagering Push
Tabcorp Holdings has entered into a binding Scheme Implementation Deed to acquire 100% of BetMakers Technology Group via a scheme of arrangement. The deal underscores Tabcorp’s strategic push into wagering technology, aiming to expand its capab...
BetMakers backs $283m Tabcorp takeover with hefty premium
BetMakers Technology Group has agreed to be acquired by Tabcorp Holdings through a scheme of arrangement under which Tabcorp will purchase all BetMakers shares. Shareholders will receive $0.24 per share in cash by default, with an option to take part...
Betmakers Corrects Appendix 3H on Lapsed Rights
Betmakers Technology Group has corrected a prior Appendix 3H filing regarding the cessation of securities, clarifying that 984,300 rights have lapsed rather than the 948,300 previously stated. The update, lodged with the ASX, refines the company̵...
BetMakers Issues Cautious Q4 FY26 Update with Extensive Disclaimers
BetMakers Technology Group has released its unaudited Q4 FY26 update, providing general information on its activities and financial metrics in Australian dollars as at the date of release. The company emphasises that the material is a high-level over...
BetMakers lifts margins and cash flow as new wagering partnerships deepen global reach
BetMakers reported Q4 FY26 revenue of $24.2 million, up 9.4% on the prior corresponding period, and delivered adjusted EBITDA of $4.5 million, an 18.5% margin, alongside a strong gross margin of 68.5% and positive quarterly cash flow. Management high...
Betmakers Cancels 800,000 Unvested Performance Rights
Betmakers Technology Group has notified the market that 800,000 performance rights, trading under ASX code BETAR, have lapsed. The lapse occurred because the conditions attached to these conditional rights were not met or became incapable of being sa...
BetMakers Extends CEO Notice Period to Support Leadership Stability
BetMakers Technology Group has amended the employment agreement of its chief executive officer, Jake Henson, increasing his notice period to 12 months on a reciprocal basis for termination without cause. The board said the change, made without any ad...
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.
Date of analysis: Sep 07, 2026