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Betmakers Technology Group ( (AU:BET) ) has provided an update.
BetMakers Technology Group has announced significant advancements in its Apollo product suite, which have led to a 50% increase in monthly bets and a 35% rise in active users. These enhancements, including a partnership with Sky Racing and the introduction of advanced machine-learning pricing models, have strengthened BetMakers’ market position and reduced operational costs. Additionally, the company reported its best quarterly operating cash-flow result in Q3 FY25, with a positive Adjusted EBITDA and improved gross margins, indicating strong financial health and setting the stage for continued growth in FY26.
The most recent analyst rating on (AU:BET) stock is a Buy 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 operates in the technology sector, focusing on providing advanced wagering solutions primarily for the racing industry. The company offers a suite of products including platforms, APIs, and embedded solutions designed to enhance user experience and support global expansion.
Average Trading Volume: 921,815
Technical Sentiment Signal: Sell
Current Market Cap: A$106.8M
Learn more about BET stock on TipRanks’ Stock Analysis page.