Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest announcement is out from BlueBet Holdings Ltd. ( (AU:BBT) ).
betr Entertainment reported strong Q2 FY26 turnover growth of 24.5% year-on-year, underpinned by an expanded base of 163,504 active customers, though net win margin was temporarily compressed by customer-friendly results during the Spring Racing Carnival before rebounding to above-average levels in December and early January. In parallel, the company reaffirmed its strategy to scale in the Australian market through organic growth and disciplined M&A, and announced an on‑market share buy-back of up to 10% of its ordinary shares, funded from existing cash reserves, which the board views as an efficient way to address what it sees as an undervalued share price while maintaining capacity to pursue consolidation and partnership opportunities.
The most recent analyst rating on (AU:BBT) stock is a Hold with a A$0.50 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 (ASX:BBT) is a pure-play digital wagering operator listed on the Australian Securities Exchange, focusing solely on the Australian wagering market. The company is led by a board featuring prominent Australian wagering industry figures Matthew Tripp and Michael Sullivan and supported by an experienced management team.
Average Trading Volume: 343,674
Technical Sentiment Signal: Sell
Current Market Cap: A$224.2M
See more insights into BBT stock on TipRanks’ Stock Analysis page.