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BlueBet Holdings Ltd.
(Sydney:BBT)
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Rating:45Neutral
Price Target:
AU$0.19
▼(-11.90% Downside)
Action:Reiterated
Date:04/16/26
The score is driven primarily by weak financial quality—continued losses and negative operating cash flow—despite strong revenue growth and conservative leverage. Technicals further weigh on the outlook with a clear downtrend and negative momentum, while valuation is difficult to support due to negative earnings and no dividend.
Positive Factors
High revenue growth
Sustained double-digit revenue growth demonstrates expanding customer adoption and scale in BlueBet's core wagering markets. Over 2–6 months this underpins potential margin improvements through fixed-cost absorption and greater pricing power in digital betting channels.
Negative Factors
Persistent negative profitability margins
Ongoing negative net profit, EBIT and EBITDA margins indicate structural issues converting revenue into operating profits. Persisting losses reduce internal funding for growth, impair incentive alignment for shareholders, and risk repeated capital raises to sustain operations.
Read all positive and negative factors
Positive Factors
Negative Factors
High revenue growth
Sustained double-digit revenue growth demonstrates expanding customer adoption and scale in BlueBet's core wagering markets. Over 2–6 months this underpins potential margin improvements through fixed-cost absorption and greater pricing power in digital betting channels.
Read all positive factors
BlueBet Holdings Ltd. (BBT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$198.80M
Dividend YieldN/A
Average Volume (3M)233.68K
Price to Earnings (P/E)―
Beta (1Y)1.66
Revenue Growth51.36%
EPS Growth76.07%
CountryAU
Employees1,200
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)N/A
Shares Outstanding1,046,315,900
10 Day Avg. Volume104,512
30 Day Avg. Volume233,677
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)0.40
Price to Sales (P/S)0.60
P/FCF Ratio-4.03
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.35Price Target Upside66.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
BlueBet Holdings Ltd. Business Overview & Revenue Model
Company Description
BlueBet Holdings Ltd delivers sports and racing wagering solutions to its customer base, which can access these services via an online platform, mobile applications, and telephone. The firm, headquartered in Sydney, Australia, commenced its operat...
How the Company Makes Money
BlueBet primarily makes money by operating as a bookmaker, earning wagering margin (also referred to as net win) from customer bets placed on sports and racing. In this model, customers place stakes on outcomes; BlueBet pays winning customers acco...
BlueBet Holdings Ltd. Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 139.36M | 132.04M | 57.59M | 49.02M | 49.67M | 32.35M |
| Gross Profit | 13.25M | 54.73M | 6.65M | 1.47M | 10.97M | 13.22M |
| EBITDA | -28.79M | -4.20M | -42.41M | -18.28M | -5.48M | 4.74M |
| Net Income | -38.53M | -6.80M | -46.92M | -18.83M | -6.07M | 2.98M |
Balance Sheet | ||||||
| Total Assets | 227.39M | 282.78M | 37.51M | 55.09M | 58.21M | 59.49M |
| Cash, Cash Equivalents and Short-Term Investments | 40.81M | 104.88M | 24.49M | 22.70M | 47.27M | 56.10M |
| Total Debt | 43.60M | 38.95M | 580.00K | 1.01M | 1.28M | 1.09M |
| Total Liabilities | 90.04M | 84.60M | 34.08M | 26.24M | 12.85M | 10.88M |
| Stockholders Equity | 137.35M | 198.18M | 3.43M | 28.85M | 45.37M | 48.61M |
Cash Flow | ||||||
| Free Cash Flow | -24.23M | -19.71M | -16.68M | -23.89M | -7.60M | 7.75M |
| Operating Cash Flow | -23.64M | -19.31M | -13.35M | -14.22M | -967.00K | 8.41M |
| Investing Cash Flow | -79.16M | -69.85M | -3.33M | -10.50M | -6.63M | -663.00K |
| Financing Cash Flow | 128.08M | 169.66M | 18.26M | -272.00K | -1.24M | 43.61M |
BlueBet Holdings Ltd. Technical Analysis
Neutral
0.21
Price Trends
0.17
Positive
0.19
Negative
0.21
Negative
Market Momentum
<0.01
Negative
61.75
Neutral
95.83
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BBT, the sentiment is Neutral. The current price of 0.21 is above the 20-day moving average (MA) of 0.17, above the 50-day MA of 0.17, and below the 200-day MA of 0.21, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 61.75 is Neutral, neither overbought nor oversold. The STOCH value of 95.83 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:BBT.
BlueBet Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$459.30M | 11.89 | 30.58% | 4.84% | 8.48% | -7.58% | |
69 Neutral | AU$1.88B | 56.94 | 2.62% | 2.01% | 5.46% | ― | |
62 Neutral | AU$12.20B | 33.58 | 109.80% | 3.16% | -2.78% | -2.45% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
45 Neutral | AU$198.80M | -5.19 | -22.97% | ― | 51.36% | 76.07% | |
45 Neutral | AU$321.52M | -13.76 | 653.24% | ― | 5.56% | 8.45% | |
45 Neutral | AU$201.65M | -15.67 | -13.44% | ― | 5.38% | 71.46% |
* Consumer Cyclical Sector Average
AU:BBT
BlueBet Holdings Ltd.
0.19
-0.05
-20.83%
AU:PBH
PointsBet Holdings
0.93
-0.26
-21.94%
AU:TAH
Tabcorp Holdings Limited
0.82
0.08
10.66%
AU:BET
Betmakers Technology Group
0.18
0.08
71.43%
AU:JIN
Jumbo Interactive Limited
7.25
-2.14
-22.77%
AU:TLC
Lottery Corporation Limited
5.48
0.27
5.10%
BlueBet Holdings Ltd. Corporate Events
betr Entertainment Shifts Wagering Licence to Tasmania for Long-Term Growth
Jul 6, 2026
Digital wagering operator betr Entertainment Limited has secured a Tasmanian Gaming Licence from the state’s Liquor and Gaming Commission, effective 7 July 2026 for an initial five-year term. The licence shift follows a multi-year review of ...
Betr Entertainment Extends On‑Market Share Buy‑Back Program
Jun 28, 2026
Betr Entertainment Limited has continued its on‑market share buy‑back program for its ordinary fully paid shares, updating the market with the latest daily activity under ASX code BBT. The company reported that a cumulative 3,372,732 s...
Betr Entertainment Cuts Share Count with On‑Market Buy‑Back
Jun 26, 2026
Betr Entertainment Limited has cancelled 764,885 ordinary fully paid shares as part of an on-market buy-back, effective 25 June 2026. The move reduces the company’s issued capital and signals an effort to refine its capital management strate...
Betr Entertainment Continues On-Market Share Buy-Back Program
Jun 25, 2026
Betr Entertainment Limited has provided an update on its on-market share buy-back program for ordinary fully paid shares traded under the ASX code BBT. The latest daily notification shows that a cumulative 3,359,205 shares had been repurchased pri...
Betr Entertainment Expands On‑Market Buy‑Back With Latest Daily Share Repurchase
Jun 24, 2026
Betr Entertainment Limited has provided an updated notification of its on‑market share buy‑back, confirming that it repurchased 52,183 ordinary fully paid shares in the most recent trading day. This lifts the total number of shares bou...
Betr Entertainment Continues Daily On‑Market Share Buy‑Back
Jun 23, 2026
Betr Entertainment Ltd., listed on the ASX as BBT, operates in the entertainment and betting market and has its ordinary fully paid shares actively traded. The company engages in share buy-backs as part of its broader capital management strategy.T...
Betr Entertainment Continues Daily On-Market Share Buy-Back Program
Jun 22, 2026
Betr Entertainment Limited, the ASX-listed wagering and entertainment company trading under ticker BBT, continues to use on-market buy-backs of its ordinary fully paid shares as part of its capital management strategy. The company reported that to...
betr Entertainment Issues Shares to Service Provider Under Cash-Conserving Deal
Jun 19, 2026
betr Entertainment Limited has issued 6,944,444 fully paid ordinary shares to a service provider as payment in lieu of fees, modestly increasing its share base while conserving cash. The company confirmed it issued the shares without a prospectus ...
Betr Entertainment Issues New Performance Rights Under Staff Incentive Scheme
Jun 19, 2026
Betr Entertainment Limited has notified the market of the issue of 268,150 unquoted performance share rights under its employee incentive scheme, with an issue date of 19 June 2026. The grant of these unquoted rights underscores the company’...
Betr Entertainment Updates Market on Ongoing Share Buy-Back Activity
Jun 19, 2026
Betr Entertainment Limited has provided an updated notification to the ASX on its ongoing on-market share buy-back program for its ordinary fully paid shares under the code BBT. The latest daily update shows that the company had repurchased a tota...
Betr Entertainment provides daily update on ongoing share buy‑back
Jun 16, 2026
Betr Entertainment Limited has updated the market on its ongoing on‑market share buy‑back program for its ordinary fully paid shares. The announcement confirms that the company is continuing to actively repurchase stock on the ASX as p...
Betr Entertainment Updates Market on Daily Progress of Share Buy-Back
Jun 16, 2026
Betr Entertainment Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares. The latest daily filing, dated 16 June 2026, reports that the company repurchased...
Betr Entertainment Continues Daily On‑Market Share Buy‑Back Updates
Jun 8, 2026
Betr Entertainment Limited has updated the market on its ongoing on‑market share buy‑back program for its ordinary fully paid shares. The company reported that, as of the latest notification, it had repurchased a cumulative total of 2,...
Betr Entertainment Continues On-Market Share Buy-Back With Daily ASX Update
Jun 3, 2026
Betr Entertainment Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares. The latest daily report shows the company has repurchased a cumulative 2,706,908 ...
Betr Entertainment Continues On‑Market Share Buy‑Back Program
Jun 2, 2026
Betr Entertainment Limited, traded on the ASX under ticker BBT, is an entertainment and betting company with ordinary fully paid shares on issue. It participates in the public capital markets to manage its share base and investor exposure.The comp...
Betr Entertainment Issues Daily Update on Ongoing On‑Market Share Buy‑Back
Jun 1, 2026
Betr Entertainment Limited has provided an updated notification to the ASX regarding its on‑market share buy‑back of ordinary fully paid shares. The company reported that a total of 2,625,586 shares had been repurchased prior to the la...
Betr Entertainment Cuts Share Count After On-Market Buy-Back
May 29, 2026
Betr Entertainment Ltd. has cancelled 880,317 ordinary fully paid shares following completion of an on-market buy-back. The move reduces the company’s issued capital and may signal an effort to optimise its capital structure and potentially ...
Betr Entertainment Corrects Details in Ongoing On-Market Share Buy-Back Notice
May 29, 2026
Betr Entertainment Limited has issued an updated notification regarding its ongoing on-market share buy-back of ordinary fully paid shares under ASX code BBT. The update corrects administrative details in a prior filing, clarifying that the curren...
Betr Entertainment Continues On‑Market Share Buy‑Back Program
May 28, 2026
Betr Entertainment Limited has updated the market on its ongoing on‑market share buy‑back program for its ordinary fully paid shares, reporting that a total of 2,551,529 shares had been repurchased prior to the latest trading day and a...
BETR Entertainment Updates Daily On‑Market Share Buy‑Back Activity
May 27, 2026
BETR Entertainment Limited is executing an on-market share buy-back of its ordinary fully paid shares traded under the ASX code BBT, as part of a program first notified in mid-January 2026. The company disclosed that, as of the latest daily update...
Betr Entertainment Reports Ongoing On‑Market Share Buy‑Back Activity
May 26, 2026
Betr Entertainment Limited has provided an updated notification of its on‑market share buy‑back, covering activity up to 27 May 2026. The company reported that a total of 2,268,686 ordinary fully paid shares had been repurchased before...
Betr Entertainment Updates Daily On‑Market Share Buy‑Back Activity
May 24, 2026
Betr Entertainment Limited has provided an update on its ongoing on‑market share buy‑back program for its ordinary fully paid shares traded under the ASX code BBT. The latest daily notification reports that a total of 2,247,025 shares ...
Betr Entertainment Continues Daily On-Market Share Buy-Back Program
May 22, 2026
Betr Entertainment Limited, listed on the ASX under ticker BBT, operates in the entertainment and wagering sector and has ordinary fully paid shares as its primary listed security. The company’s shares are actively traded on the Australian m...
Betr Entertainment Updates ASX on Ongoing On-Market Share Buy-Back
May 12, 2026
Betr Entertainment Limited has provided an updated notification to the ASX on May 13, 2026, regarding its ongoing on-market share buy-back program for its ordinary fully paid shares under code BBT. The company reported that a total of 2,023,525 sh...
Betr Entertainment Updates ASX on Ongoing On‑Market Share Buy‑Back
May 11, 2026
Betr Entertainment Limited has reported an update to its on‑market share buy‑back program, disclosing that it repurchased a total of 12,470 ordinary fully paid shares in the most recent trading day. This brings the cumulative number of...
Betr Entertainment Updates Market on Ongoing Share Buy‑Back Activity
May 10, 2026
Betr Entertainment Limited has provided an update on its on‑market share buy‑back program for its ordinary fully paid shares traded under the ASX code BBT. The company reported that a total of 1,981,126 securities had been repurchased ...
Betr Entertainment Updates Market on Ongoing On‑Market Share Buy‑Back
May 8, 2026
Betr Entertainment Limited has updated the market on the progress of its on‑market share buy‑back program, confirming that it repurchased 42,678 ordinary fully paid shares on the previous trading day, bringing total buy‑backs to ...
Betr Entertainment Continues On‑Market Share Buy‑Back with Daily ASX Update
May 7, 2026
Betr Entertainment Limited has provided an updated notification to the ASX on its ongoing on‑market share buy‑back of ordinary fully paid shares under code BBT. The company disclosed that a total of 1,868,570 shares had been repurchase...
Betr Entertainment Continues Active On-Market Share Buy-Back
May 5, 2026
Betr Entertainment Limited is continuing its on-market buy-back of ordinary fully paid shares listed under ASX code BBT as part of a capital management strategy. The company reported that it had repurchased a cumulative total of 1,756,272 shares b...
Australian Retirement Trust Exits Substantial Holding in Betr Entertainment
May 5, 2026
Australian Retirement Trust Pty Ltd, acting as trustee for Australian Retirement Trust, has notified Betr Entertainment Limited that it has ceased to be a substantial shareholder in the company as of 1 May 2026. The move, disclosed under section 6...
betr Entertainment issues compliance-focused Q3 FY26 activities report
Apr 30, 2026
betr Entertainment Limited has released its quarterly activities report and cash flow appendix for the period ended 31 March 2025, outlining historical financial information and operational updates. The company emphasises that the material is info...
BETR Entertainment Cancels Shares After On‑Market Buy‑Back
Apr 28, 2026
BETR Entertainment Limited has cancelled 47,343 ordinary fully paid shares following completion of an on‑market buy‑back that took effect on March 31, 2026. The move marginally reduces the company’s issued capital, tightening the...
betr Entertainment sets date for Q3 update and investor call
Apr 23, 2026
betr Entertainment Limited has scheduled the release of its Q3 FY2026 quarterly update for 30 April 2026, accompanied by an investor conference call at 10:30 a.m. AEST the same day. Investors must pre-register via provided phone and webcast links ...
betr Entertainment Ends Substantial Holder Status After Escrow Release
Apr 22, 2026
betr Entertainment Limited has filed notice that it has ceased to be a substantial holder in its own listed entity following the release of voluntary escrow arrangements over 90,242,070 fully paid ordinary shares. The change reflects the end of a ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.