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Betmakers Technology Group ( (AU:BET) ) just unveiled an update.
BetMakers Technology Group reported a strong 1H FY26, with revenue rising 13.8% to $46.1 million, adjusted EBITDA swinging to a $6.0 million profit from a loss, and gross margin expanding to 66.5%, supported by reduced annualised operating costs of $54.3 million and a debt-free balance sheet. The company’s transformation into a leaner, more profitable platform is being driven by major new agreements with CrownBet and Stake.com, the LVDC acquisition, improved terms with Penn Entertainment, and accelerating adoption of its Apollo platform, reinforcing its position as a key technology provider in global racing and opening new avenues in untapped U.S. digital markets such as Nevada.
The most recent analyst rating on (AU:BET) stock is a Sell with a A$0.16 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
More about Betmakers Technology Group
BetMakers Technology Group is an Australian-listed provider of racing and wagering technology solutions, supplying a full wagering technology stack, digital and data services, and race pricing products to bookmakers and gaming operators globally. The company targets high-margin, technology-led revenue streams and positions itself as a core operating system for the global racing ecosystem, with a growing focus on digital markets such as the United States.
Average Trading Volume: 2,316,622
Technical Sentiment Signal: Buy
Current Market Cap: A$201.7M
Find detailed analytics on BET stock on TipRanks’ Stock Analysis page.