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An announcement from Betmakers Technology Group ( (AU:BET) ) is now available.
BetMakers Technology Group reported Q2 FY26 revenue of A$22.9 million, up 14.1% year-on-year, with gross profit rising 23.1% and gross margin improving to 66.4%. The company delivered A$2.7 million in positive adjusted EBITDA, its fourth consecutive profitable quarter on this metric, highlighting the operating leverage of its technology-led model and a more resilient financial footing even through the seasonally weakest period. Strategic momentum was reinforced by three major deals: a multi-year global racing agreement with Stake.com to power its international horse racing offering, an exclusive five-year technology and services partnership to relaunch CrownBet in Australia using BetMakers’ full wagering stack, and a renewed and expanded three-year exclusive content distribution agreement with PENN Entertainment, which is expected to lift annual EBITDA through lower cost of goods. These contracts deepen BetMakers’ role as a core infrastructure provider to leading operators and are expected to support further earnings growth in the second half as contributions from the new agreements begin to flow through.
The most recent analyst rating on (AU:BET) stock is a Hold with a A$0.20 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 wagering technology and services provider focused on high-margin, technology-led solutions for the global racing and betting industry. The company offers a vertically integrated B2B platform including wagering systems, trading and risk management, content distribution, and core platform technology to bookmakers and gaming operators across international markets.
Average Trading Volume: 2,070,742
Technical Sentiment Signal: Hold
Current Market Cap: A$218.5M
Find detailed analytics on BET stock on TipRanks’ Stock Analysis page.