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The latest update is out from Betmakers Technology Group Ltd. ( (AU:BET) ).
BetMakers Technology Group Ltd has reported significant improvements in its financial performance, driven by technology upgrades and restructuring efforts. The company noted a 43% quarter-on-quarter improvement in net cash used for operating activities, reducing its adjusted EBITDA loss by approximately 69%. This positive trajectory is expected to continue into the second half of FY25, as the impacts of restructuring and the Apollo migration take full effect, underscoring the company’s focus on accelerating growth and financial performance.
More about Betmakers Technology Group Ltd.
BetMakers Technology Group Ltd is a global leader in providing software, data, and insights for the wagering sector, specifically focusing on racing. The company operates as the sole global platform offering B2B technology solutions for both Tote and Fixed Odds wagering on racing, serving over 230 racing partners, 45 licenses, and 60+ wagering operators in 30+ active countries. BetMakers plays in a large global market with significant demand for racing products, presenting opportunities to streamline access to these wagering products.
YTD Price Performance: 21.67%
Average Trading Volume: 5,000
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $75.65M
Find detailed analytics on BET stock on TipRanks’ Stock Analysis page.
