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BlueBet Holdings Ltd.
(Sydney:BBT)
BlueBet Holdings Ltd. (BBT) vs. iShares MSCI Australia ETF (EWA)
BlueBet Holdings Ltd. Business Overview & Revenue Model
BlueBet Holdings Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 132.04M | 132.04M | 57.59M | 49.02M | 49.67M | 32.35M |
| Gross Profit | 40.16M | 54.73M | 6.65M | 1.47M | 10.97M | 13.22M |
| EBITDA | -18.74M | -4.20M | -42.41M | -18.28M | -5.48M | 4.74M |
| Net Income | -6.80M | -6.80M | -46.92M | -18.83M | -6.07M | 2.98M |
Balance Sheet | ||||||
| Total Assets | 282.78M | 282.78M | 37.51M | 55.09M | 58.21M | 59.49M |
| Cash, Cash Equivalents and Short-Term Investments | 104.88M | 104.88M | 24.49M | 22.70M | 47.27M | 56.10M |
| Total Debt | 38.95M | 38.95M | 580.00K | 1.01M | 1.28M | 1.09M |
| Total Liabilities | 84.60M | 84.60M | 34.08M | 26.24M | 12.85M | 10.88M |
| Stockholders Equity | 198.18M | 198.18M | 3.43M | 28.85M | 45.37M | 48.61M |
Cash Flow | ||||||
| Free Cash Flow | -19.71M | -19.71M | -16.68M | -23.89M | -7.60M | 7.75M |
| Operating Cash Flow | -19.31M | -19.31M | -13.35M | -14.22M | -967.00K | 8.41M |
| Investing Cash Flow | -69.85M | -69.85M | -3.33M | -10.50M | -6.63M | -663.00K |
| Financing Cash Flow | 169.66M | 169.66M | 18.26M | -272.00K | -1.24M | 43.61M |
BlueBet Holdings Ltd. Technical Analysis
BlueBet Holdings Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | AU$179.28M | 19.63 | 43.45% | 5.00% | -4.01% | -12.08% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | AU$12.02B | 32.87 | 106.73% | 3.12% | -6.28% | -11.67% | |
55 Neutral | AU$2.16B | 59.06 | 2.89% | 2.15% | 8.62% | ― | |
43 Neutral | AU$260.16M | -23.58 | -14.71% | ― | 126.29% | 95.17% | |
43 Neutral | AU$319.78M | ― | -142.61% | ― | 6.47% | 60.03% | |
43 Neutral | AU$195.75M | ― | -25.15% | ― | -10.59% | 32.75% |
BlueBet Holdings Ltd. Corporate Events
Andrew Menz, a director at betr Entertainment Limited, has increased his holdings in the company through the acquisition of additional shares and performance share rights. This change, executed under the company’s Employee Incentive Plan, reflects a significant boost in Menz’s stake, potentially indicating confidence in the company’s future prospects and aligning his interests more closely with those of the shareholders.
BETR Entertainment Limited, operating under the ASX issuer code BBT, has announced the issuance of 1,806,335 ordinary fully paid shares under its Employee Equity Incentive Plan. This move is part of their strategic efforts to align employee interests with company performance and enhance stakeholder value.
BETR Entertainment Limited has announced the issuance of 10,458,409 performance share rights under an employee incentive scheme, which are not intended to be quoted on the ASX. This move is likely aimed at motivating and retaining employees, potentially impacting the company’s operational efficiency and market competitiveness.
Betr Entertainment Limited announced the successful passage of all resolutions during its Annual General Meeting held on November 27, 2025. The resolutions, carried by a poll, reflect the company’s strategic decisions and governance practices, potentially impacting its operational and industry positioning positively. This outcome may reassure stakeholders about the company’s direction and stability.
In its 2025 AGM, BlueBet Holdings Ltd highlighted significant achievements, including exceeding operational milestones and achieving a normalized EBITDA of $7.2 million for FY25, which was more than 15% ahead of consensus. The company has strengthened its board with new appointments and completed successful capital raises, allowing it to acquire and integrate TopSport’s customer database. Despite not gaining control of PointsBet, BlueBet acquired a strategic stake and expanded its financing options. Looking forward, the company is set for sustainable growth, focusing on product innovation, data-driven strategies, and maintaining regulatory excellence.
BlueBet Holdings Ltd. has announced the agenda for its Annual General Meeting scheduled for November 27, 2025. The meeting will include addresses from the Chairman and CEO, voting on resolutions, and a process for shareholders to submit written questions via the Lumi platform. This announcement outlines the procedural aspects of the meeting, ensuring stakeholders are informed about how to participate and engage with the company’s leadership.
BlueBet Holdings Ltd. announced a change in the director’s interest notice, specifically involving Matthew Tripp, a director who has increased his indirect interest in the company through the acquisition of 500,836 fully paid ordinary shares. This transaction was conducted through an on-market purchase at a price of $0.2399 per share, reflecting a strategic move that could indicate confidence in the company’s future performance.
BlueBet Holdings Ltd. has announced a change in the director’s interest notice for Matthew Tripp, who has increased his indirect interest in the company by acquiring 852,842 fully paid ordinary shares through YAST Investments Pty Ltd. This transaction, conducted as an on-market purchase, raises Tripp’s total shareholding to 109,837,471 shares, potentially signaling confidence in the company’s future prospects.
Betr Entertainment Limited has released its quarterly activities report for the period ending 30 September 2025. The report provides general information about the company’s activities and financial performance, emphasizing that the data is historical and not indicative of future performance. The report includes non-IFRS financial measures and cautions investors against placing undue reliance on them. The presentation is intended for informational purposes only and not as financial advice or an investment offer.
Betr Entertainment Limited has announced its 2025 Annual General Meeting, which will be held online on November 27, 2025. Shareholders are invited to review the company’s financial reports and consider the adoption of the Remuneration Report for the financial year ending June 30, 2025. The vote on the Remuneration Report will be advisory and non-binding, and certain voting exclusions apply to key management personnel and their closely related parties.
Harvest Lane Asset Management and its associated entities have ceased to be substantial holders in Betr Entertainment Limited, a company listed on the ASX under the ticker BBT. This change occurred as a result of Harvest Lane Asset Management tendering their shares into a share buy-back program at $0.32 per share, affecting 104,051,755 ordinary shares and votes.
betr Entertainment Limited announced it will release its Q1 FY2026 Quarterly Update on October 30, 2025, accompanied by an investor conference call. This update and call signify the company’s ongoing commitment to transparency and engagement with stakeholders, potentially impacting its market positioning and investor relations.
BETR Entertainment Limited has announced the final notification of its selective buy-back program, acquiring a total of 127,029,704 ordinary fully paid securities under the ASX code BBT. The buy-back, which concluded with a total consideration of AUD 40,649,505.28, marks a significant move in the company’s capital management strategy, potentially impacting its market positioning and shareholder value.
betr Entertainment Limited has completed a selective buy-back of 127,029,704 fully paid ordinary shares at a fixed price of $0.32 per share, totaling $40,649,505.28. This strategic move will result in the cancellation of the bought-back shares, potentially impacting the company’s share structure and market positioning.
betr Entertainment Limited has successfully completed a selective buy-back of its fully paid ordinary shares at a fixed price of $0.32 per share, amounting to 10.87% of its issued share capital. The buy-back, which will result in the cancellation of the shares, reflects the company’s strategic financial management and could impact shareholder value positively by potentially increasing earnings per share.
Timothy Hughes has ceased to be a director of betr Entertainment Limited as of October 7, 2025. The announcement details Hughes’ interests in securities, including 693,051 fully paid ordinary shares held through Old Year Pty Ltd as trustee for the Egnar Holdings Superfund. This change in directorship may impact the company’s governance and strategic direction, potentially affecting stakeholders and market perception.
Betr Entertainment Limited has announced the appointment of Andrew Menz as a director, effective October 7, 2025. Menz holds 647,804 fully paid ordinary shares and 2,591,217 performance share rights, indicating a significant stake in the company. This appointment may impact the company’s strategic direction and governance, potentially influencing stakeholder confidence and market perception.
Betr Entertainment Limited has announced the appointment of Alexandra Baker as a director, effective October 7, 2025. The initial director’s interest notice indicates that Baker currently holds no relevant interests in securities, either as a registered holder or otherwise, and has no interests in related contracts. This appointment is a procedural update and does not imply immediate changes to the company’s operations or market strategy.
betr Entertainment Limited announced the key terms of the service agreement with Andrew Menz, who has been appointed as Executive Director. Menz, who has been CEO since July 2024, will receive a fixed annual remuneration of $668,400 and variable incentives based on performance. His employment is not fixed-term and can be terminated by either party with a 12-month notice. The agreement includes post-employment non-compete restraints for up to 12 months. This move is part of the company’s strategy to strengthen its leadership and maintain its competitive edge in the Australian wagering market.
betr Entertainment Limited has announced the appointment of Alexi Baker and Andrew Menz as directors, effective 7 October 2025. Alexi Baker, with extensive experience in media, sport, digital, and M&A, joins as an independent Non-Executive Director, while Andrew Menz, the company’s CEO, is appointed as an Executive Director. These changes result in an equal split of independent and non-independent directors on the board, which the company considers appropriate given its current stage of development and strategic priorities, despite not meeting ASX’s recommendation for a majority of independent directors.
BlueBet Holdings Ltd. announced a takeover bid for all ordinary shares in PointsBet Holdings Limited. The offer, which closed on September 25, 2025, aligns with the company’s strategic focus on expanding its presence in the Australian wagering market. This move is expected to strengthen BlueBet’s market position and potentially increase shareholder value.
betr Entertainment Limited has announced a selective buy-back of eligible shares at $0.32 per share, with the closing date set for October 16, 2025. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value, although it is not open to shareholders outside Australia, highlighting a focus on domestic operations.
betr Entertainment Limited has announced the opening of a selective buy-back program for up to 132,741,833 fully paid ordinary shares at a fixed price of $0.32 per share. This program is voluntary and available to certain former PointsBet Holdings Limited shareholders who meet specific eligibility criteria. The buy-back, which has already been approved by betr shareholders, will close on 16 October 2025, with payments to participating shareholders scheduled for 23 October 2025. Eligible shareholders who do not participate will retain their existing shares.
Ellerston Capital Limited has announced that it has ceased to be a substantial holder in BETR Entertainment Limited as of September 29, 2025. This change indicates a shift in Ellerston Capital’s investment strategy or portfolio management, potentially impacting BETR Entertainment’s shareholder composition and market perception.
BETR Entertainment Limited has announced an update to its selective buy-back program, which was approved by shareholders on September 22, 2025. The update includes changes to the buy-back timetable and the total number of shares on issue, reflecting the company’s strategic financial management decisions.
betr Entertainment Limited has concluded its off-market takeover bid for PointsBet Holdings Limited, acquiring a 27.72% voting power in PointsBet. This acquisition allows betr to influence shareholder decisions and engage constructively with PointsBet’s board on value creation. As a result of the offer, betr will issue approximately 132.74 million new shares to PointsBet shareholders. Following the offer’s closure, betr will proceed with a Selective Buy-Back, which will open on 2 October 2025.
betr Entertainment Limited announced that all resolutions proposed at their Extraordinary General Meeting were passed, except for the withdrawn Resolution 3 regarding MIXI Australia’s participation in a Selective Buy-Back. This outcome reflects strong shareholder support for the company’s strategic decisions, potentially enhancing its market position and operational capabilities.
Betr Entertainment Limited has announced that its takeover offer for PointsBet Holdings Limited is now unconditional, following shareholder approval for the issuance of offer consideration and a selective buy-back. As a result, Betr now holds a 27.12% interest in PointsBet shares. The offer is set to close on 25 September 2025 and will not be extended.
betr Entertainment Limited has announced a significant stake in PointsBet shares, aiming to influence shareholder interests and engage with MIXI and the PointsBet Board on value creation. The company reported a successful FY25 with a turnover surge of 140% to $1.42 billion and an adjusted EBITDA of $7.2 million, exceeding expectations. As betr moves into FY26, it plans to leverage its strengths in a competitive market, with new customer-facing products and a Selective Buy-Back to enhance shareholder value.
betr Entertainment Limited announced the release of 4,411,764 ordinary shares from voluntary escrow on 1 October 2025, related to the TopSport acquisition. This release represents 50% of the completion shares, indicating a significant step in the integration process following the acquisition, potentially impacting the company’s market positioning and stakeholder interests.
betr Entertainment Limited has announced its intention to acquire all shares of PointsBet Holdings Limited that it does not already own, through an off-market takeover offer. The company has declared the offer free from several defeating conditions, including shareholder approval and material adverse change conditions. This move potentially strengthens betr’s position in the market by increasing its stake in PointsBet to 20.5%, signaling a strategic expansion in its operations.
Betr Entertainment Limited has announced an update regarding its off-market takeover offer to acquire all shares of PointsBet Holdings Limited. The company has removed certain conditions from the offer, including the AGCO Approval Condition, IGO Approval Condition, and PointsBet Employee Incentives Condition, but notes that other conditions remain unfulfilled. As of the announcement, Betr Entertainment holds a 20.50% voting power in PointsBet, indicating a significant stake in the company.
betr Entertainment Limited is engaged in an off-market takeover bid to acquire all shares of PointsBet Holdings Limited that it does not already own. The company has addressed concerns raised by PointsBet regarding its financial position and ability to proceed with a Selective Buy-Back, confirming it has obtained necessary consents and has a solid cash position to support its strategic moves.
PointsBet Holdings Limited, a company in the online betting industry, is currently facing a takeover bid situation. MIXI Australia Pty Ltd has successfully gained control over PointsBet by acquiring more than 50% of its voting power, effectively sidelining betr Entertainment Limited’s unsolicited scrip-based offer. MIXI Australia has stated its intention to maintain PointsBet as a competitor to betr in the online betting market and will not collaborate with betr, ensuring that betr has no influence on PointsBet’s board.
betr Entertainment Limited has announced the withdrawal of Resolution 3 from its upcoming Extraordinary General Meeting agenda. This resolution, concerning MIXI Australia’s participation in a Selective Buy-Back, was deemed unnecessary as MIXI Australia has opted not to accept the betr Offer. The withdrawal does not affect the validity of proxy forms related to the meeting.
PointsBet Holdings Limited is currently facing two competing takeover offers: a recommended cash offer from MIXI Australia Pty Ltd and an unsolicited all-scrip, reverse takeover offer from betr Entertainment Limited. The Panel has allowed betr to vary its undertaking concerning a Selective Share Buy-Back, as MIXI Australia has decided not to accept betr’s offer, making certain shareholder approvals unnecessary. This decision could streamline the takeover process for betr, impacting PointsBet’s future ownership structure and market strategy.