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BlueBet Holdings Ltd. ( (AU:BBT) ) has provided an update.
In a significant development, betr Entertainment Limited has reported positive EBITDA for the fiscal year 2025, marking a pivotal moment following its merger with BlueBet and acquisition of TopSport. The company achieved an EBITDA range of $6.9 million to $7.1 million, surpassing broker expectations by approximately 15%. This success is attributed to $25.9 million in annualized synergies from integrating customer databases onto its proprietary technology platform. The result underscores betr’s ability to maintain a structural margin advantage and highlights its management’s expertise in business integration, positioning the company as a leading consolidator in the Australian online wagering sector.
The most recent analyst rating on (AU:BBT) stock is a Buy with a A$0.38 price target. To see the full list of analyst forecasts on BlueBet Holdings Ltd. stock, see the AU:BBT Stock Forecast page.
More about BlueBet Holdings Ltd.
betr Entertainment Limited is a pure-play digital wagering operator listed on the Australian Securities Exchange (ASX), focusing solely on the Australian wagering market. The company boasts a world-class board led by prominent Australian wagering industry figures Matthew Tripp and Michael Sullivan, and a highly experienced management team.
Average Trading Volume: 704,356
Technical Sentiment Signal: Sell
Current Market Cap: A$276.9M
Find detailed analytics on BBT stock on TipRanks’ Stock Analysis page.