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Betmakers Technology Group
(Sydney:BET)
Betmakers Technology Group (BET) vs. iShares MSCI Australia ETF (EWA)
Betmakers Technology Group Business Overview & Revenue Model
Betmakers Technology Group Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 85.12M | 85.12M | 95.20M | 95.03M | 91.68M | 19.46M |
| Gross Profit | 53.45M | 54.55M | 57.40M | -25.37M | 9.84M | -1.60M |
| EBITDA | -5.28M | 1.33M | -5.21M | -40.96M | -86.06M | -18.14M |
| Net Income | -26.42M | -26.42M | -38.67M | -38.78M | -89.23M | -17.46M |
Balance Sheet | ||||||
| Total Assets | 134.16M | 134.16M | 150.65M | 199.54M | 223.06M | 230.30M |
| Cash, Cash Equivalents and Short-Term Investments | 30.31M | 30.31M | 29.33M | 41.04M | 87.55M | 120.61M |
| Total Debt | 1.47M | 1.47M | 3.15M | 4.71M | 5.22M | 2.49M |
| Total Liabilities | 38.93M | 38.93M | 39.10M | 48.95M | 33.77M | 34.89M |
| Stockholders Equity | 95.23M | 95.23M | 111.55M | 150.60M | 189.29M | 195.40M |
Cash Flow | ||||||
| Free Cash Flow | 341.00K | -6.62M | -5.03M | -32.49M | -34.38M | -4.66M |
| Operating Cash Flow | 3.54M | 3.54M | 3.21M | -24.26M | -18.22M | -2.02M |
| Investing Cash Flow | -10.16M | -10.16M | -11.47M | -11.03M | -22.77M | -46.74M |
| Financing Cash Flow | 8.05M | 8.05M | -2.69M | -11.73M | 7.94M | 137.75M |
Betmakers Technology Group Technical Analysis
Betmakers Technology Group Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | AU$181.28M | 19.85 | 43.45% | 4.95% | -4.01% | -12.08% | |
| ― | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
| ― | $2.44B | 66.56 | 2.89% | 1.91% | 8.62% | ― | |
| ― | $177.18M | ― | -25.15% | ― | -10.59% | 32.75% | |
| ― | $335.42M | ― | -142.61% | ― | 6.47% | 60.03% | |
| ― | AU$274.41M | ― | -14.71% | ― | 126.29% | 95.17% |
Betmakers Technology Group Corporate Events
BetMakers Technology Group Limited has released its Q1 FY26 update, highlighting its position as a global market leader in racing technology solutions. The update emphasizes the company’s commitment to leveraging advanced technology to improve racing operations, despite the inherent risks and uncertainties in the industry. The company remains focused on maintaining its competitive edge and adapting to various economic and regulatory challenges.
The most recent analyst rating on (AU:BET) stock is a Buy with a A$0.27 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
BetMakers Technology Group has reported a 361% growth in Adjusted EBITDA for the first quarter of FY26, driven by revenue growth, margin expansion, and cost discipline. The company’s strategic initiatives, including the acquisition of the Las Vegas Dissemination Company, aim to tap into the under-digitized Nevada racing market, potentially unlocking significant growth and operational efficiencies.
The most recent analyst rating on (AU:BET) stock is a Buy with a A$0.27 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
Betmakers Technology Group has announced its upcoming Annual General Meeting for shareholders, scheduled for October 31, 2025. The meeting will be conducted in a hybrid format, allowing shareholders to participate either online or in person. The company encourages shareholders to vote by proxy and submit questions in advance to facilitate a smooth meeting process. This announcement underscores Betmakers’ commitment to maintaining transparent communication with its stakeholders and adapting to modern meeting formats.
The most recent analyst rating on (AU:BET) stock is a Buy with a A$0.27 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
Betmakers Technology Group Limited has announced a change in the director’s interest, specifically regarding Matthew Davey, who has seen a cancellation of 34% of his FY23 Tranche 2 Performance Rights. This adjustment reflects the company’s adherence to performance-based vesting conditions, which could impact the company’s governance and stakeholder confidence by demonstrating a commitment to performance metrics.
The most recent analyst rating on (AU:BET) stock is a Buy with a A$0.27 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
Betmakers Technology Group Ltd announced the issuance of 5,912,500 unquoted performance rights as part of an employee incentive scheme. This move is expected to strengthen the company’s operational capabilities by aligning employee interests with company performance, potentially impacting its market position positively.
The most recent analyst rating on (AU:BET) stock is a Buy with a A$0.27 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
BetMakers Technology Group Ltd announced the vesting of 1,910,700 FY23 Tranche 2 performance rights under its Long-Term Incentive Plan, which are now eligible for conversion into fully paid ordinary shares. This move reflects the company’s commitment to aligning its growth with shareholder interests and maintaining transparency in its operations, as evidenced by the issuance of 3,743,000 shares without disclosure to investors, in compliance with relevant corporate regulations.
The most recent analyst rating on (AU:BET) stock is a Buy with a A$0.27 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
BetMakers Technology Group Ltd has successfully met the performance hurdle for Tranche 1 of its Long-Term Incentive Plan (LTIP), achieving an EBITDA annual run-rate of $10.8 million and $6.4 million in operating cash-flow for the six months ending June 2025. This milestone reflects the company’s strategic focus on expanding its global footprint and enhancing shareholder value, as evidenced by the conversion of 5,000,000 performance rights into fully paid ordinary shares.
The most recent analyst rating on (AU:BET) stock is a Buy with a A$0.27 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
Betmakers Technology Group has announced that its next annual general meeting will be held as a hybrid event on 31 October 2025, where the re-election of directors will be a key agenda item. The company has set 12 September 2025 as the deadline for receiving nominations for director positions, indicating a structured approach to governance and stakeholder engagement.
The most recent analyst rating on (AU:BET) stock is a Buy with a A$0.27 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
Betmakers Technology Group Ltd has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement outlines the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, indicating compliance with key governance practices. This disclosure is crucial for maintaining transparency and accountability, potentially impacting investor confidence and the company’s reputation in the market.
The most recent analyst rating on (AU:BET) stock is a Buy with a A$0.22 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
BetMakers Technology Group Ltd has released its Corporate Governance Statement, highlighting its adherence to the ASX Corporate Governance Council’s principles. The company emphasizes its commitment to solid management foundations, diversity, and performance evaluation. The statement outlines the company’s strategic focus on gender diversity, with specific objectives and current achievements in workforce composition. This governance framework aims to strengthen BetMakers’ industry position and ensure transparency and accountability to stakeholders.
The most recent analyst rating on (AU:BET) stock is a Buy with a A$0.22 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
BetMakers Technology Group Ltd is a leading B2B technology provider specializing in software, data, and analytics for the global racing and wagering industry. The company has made significant strides in FY25, achieving positive Adjusted EBITDA and operating cash flow for the first time, marking a pivotal financial turnaround. Key financial highlights include a revenue of $85.1 million, a gross margin increase to 68% in the second half of FY25, and an Adjusted EBITDA of $4.6 million, supported by a debt-free balance sheet with $18.8 million in cash. Strategic initiatives such as the rollout of the Apollo platform and the development of the GTX platform have been instrumental in driving operational efficiencies and enhancing customer experience. The company has also expanded its global footprint with strategic partnerships and acquisitions, including the pending acquisition of the Las Vegas Dissemination Company. Looking ahead, BetMakers aims to broaden the adoption of its platforms, complete strategic acquisitions, and continue its international expansion to drive revenue growth and margin improvement, positioning itself for sustainable profitability and long-term value creation.
BetMakers Technology Group Limited presented its FY25 results, highlighting its position as a global leader in racing technology solutions. The company emphasized its commitment to innovation and its strategic focus on enhancing the betting experience, which is expected to strengthen its market position and benefit stakeholders in the racing industry.
The most recent analyst rating on (AU:BET) stock is a Buy with a A$0.22 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
BetMakers Technology Group Ltd reported a 10.6% decline in revenues to $85.1 million for the year ending June 30, 2025, alongside a 31.7% reduction in losses, amounting to $26.4 million. The company did not declare any dividends during this period. The financial results reflect significant movements in deferred tax assets, share-based payments, and asset impairments, impacting the company’s net tangible assets, which decreased from $52.7 million to $35.4 million. This financial performance may influence the company’s market positioning and stakeholder confidence as it navigates operational challenges.
The most recent analyst rating on (AU:BET) stock is a Buy with a A$0.22 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
BetMakers Technology Group Ltd announced it will release its FY25 financial results on August 28, 2025, followed by an investor webinar featuring presentations from key executives. This event is expected to provide insights into the company’s business activities and performance, potentially impacting its market positioning and stakeholder interests.
The most recent analyst rating on (AU:BET) stock is a Buy with a A$0.22 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.