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Betmakers Technology Group Ltd. ( (AU:BET) ) just unveiled an announcement.
BetMakers Technology Group Ltd announced its financial results for the first half of FY25, highlighting significant operational achievements such as technology upgrades and new platform launches. The company reduced its adjusted EBITDA loss to $1.3 million and anticipates continued improvement in the second half of FY25. A strategic partnership with Sportradar was executed, enhancing BetMakers’ international distribution network. Despite a slight revenue decline compared to the previous half, the company expects revenue growth in FY26, driven by an expanding global reach and upgraded product suite.
More about Betmakers Technology Group Ltd.
BetMakers Technology Group Ltd operates in the sports and wagering technology industry, providing cutting-edge racing wagering solutions and platforms. The company focuses on international markets and high-margin scalable products, aiming to be a leading gateway to the global racing ecosystem.
YTD Price Performance: 23.33%
Average Trading Volume: 5,000
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $73.8M
For detailed information about BET stock, go to TipRanks’ Stock Analysis page.