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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$175.30M | 19.19 | 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$11.55B | 31.59 | 106.73% | 3.16% | -6.28% | -11.67% | |
55 Neutral | AU$2.15B | 58.75 | 2.89% | 2.01% | 8.62% | ― | |
54 Neutral | AU$224.06M | -7.20 | -25.15% | ― | -10.59% | 32.75% | |
49 Neutral | AU$281.52M | -23.11 | -14.71% | ― | 126.29% | 95.17% | |
43 Neutral | AU$314.57M | -16.42 | -142.61% | ― | 6.47% | 60.03% |
BlueBet Holdings Ltd. Corporate Events
betr Entertainment Limited has released its quarterly activities report and Appendix 4C for the period ended 31 December 2025, outlining historical financial and operational information prepared in line with Australian disclosure standards. While the document emphasises that the figures are unaudited, include non‑IFRS metrics and should not be taken as guidance to future performance, it reinforces the company’s focus on transparency to investors, clarifies the limitations and risks around the use of forward-looking statements and market data, and formally records that the board has authorised the release in accordance with ASX continuous disclosure requirements.
The most recent analyst rating on (AU:BBT) stock is a Buy with a A$0.42 price target. To see the full list of analyst forecasts on BlueBet Holdings Ltd. stock, see the AU:BBT Stock Forecast page.
betr Entertainment Limited will release its Q2 FY2026 quarterly update on 29 January 2026 and will host an investor conference call and webcast at 10:30am AEDT the same day, with participants required to pre-register for access details. The scheduled briefing underscores the company’s ongoing investor engagement around its operational and financial performance in the Australian digital wagering market, providing stakeholders with a structured opportunity to receive updates and ask questions about its progress.
The most recent analyst rating on (AU:BBT) stock is a Buy with a A$0.42 price target. To see the full list of analyst forecasts on BlueBet Holdings Ltd. stock, see the AU:BBT Stock Forecast page.
Betr Entertainment Limited, listed on the ASX under the code BBT, has announced an on‑market buy-back of its ordinary fully paid shares. The move signals a capital management initiative that may support the company’s share price and adjust its capital structure, though no further operational or strategic details were provided in the notification.
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.
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.
Betr Entertainment Limited has notified the ASX that 146,250 BBTAB performance share rights have lapsed as the conditions attached to those rights were not, or could no longer be, satisfied. The cessation of these securities slightly reduces the company’s pool of potential equity-based incentives, signalling that certain performance or vesting hurdles were not met, which may impact the structure of future employee or executive remuneration and dilute expectations of potential share issuance for existing shareholders.
The most recent analyst rating on (AU:BBT) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on BlueBet Holdings Ltd. stock, see the AU:BBT Stock Forecast page.
betr Entertainment Limited has issued 196,850 fully paid ordinary shares to a third-party service provider as part of a fee arrangement for brand ambassador services. This strategic move reflects the company’s compliance with relevant regulations and its commitment to maintaining transparency with stakeholders, potentially strengthening its market position in the Australian wagering industry.
The most recent analyst rating on (AU:BBT) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on BlueBet Holdings Ltd. stock, see the AU:BBT Stock Forecast page.
BETR Entertainment Limited, under the issuer code BBT, has announced a new application for the quotation of securities on the Australian Securities Exchange (ASX). The company is set to quote 196,850 ordinary fully paid securities, with the issue date being December 17, 2025. This move is likely to impact the company’s market presence by increasing its available securities, potentially attracting more investors and enhancing its financial positioning in the industry.
The most recent analyst rating on (AU:BBT) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on BlueBet Holdings Ltd. stock, see the AU:BBT Stock Forecast page.
betr Entertainment Limited announced the resignation of its Chief Financial Officer, Darren Holley, effective December 31, 2025, after nearly five years of service. Holley played a crucial role in the company’s growth, including its IPO and key acquisitions. Blake Matthews, currently the Group Financial Controller, will step in as Acting CFO, bringing extensive experience in finance, strategy, and M&A execution. This transition is expected to support betr’s ambitious growth plans as it continues to expand in the digital wagering market.
The most recent analyst rating on (AU:BBT) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on BlueBet Holdings Ltd. stock, see the AU:BBT Stock Forecast page.
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.
The most recent analyst rating on (AU:BBT) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on BlueBet Holdings Ltd. stock, see the AU:BBT Stock Forecast page.
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.
The most recent analyst rating on (AU:BBT) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on BlueBet Holdings Ltd. stock, see the AU:BBT Stock Forecast page.
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.
The most recent analyst rating on (AU:BBT) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on BlueBet Holdings Ltd. stock, see the AU:BBT Stock Forecast page.
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.
The most recent analyst rating on (AU:BBT) stock is a Buy with a A$0.46 price target. To see the full list of analyst forecasts on BlueBet Holdings Ltd. stock, see the AU:BBT Stock Forecast page.
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.
The most recent analyst rating on (AU:BBT) stock is a Buy with a A$0.46 price target. To see the full list of analyst forecasts on BlueBet Holdings Ltd. stock, see the AU:BBT Stock Forecast page.
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.
The most recent analyst rating on (AU:BBT) stock is a Buy with a A$0.46 price target. To see the full list of analyst forecasts on BlueBet Holdings Ltd. stock, see the AU:BBT Stock Forecast page.
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.
The most recent analyst rating on (AU:BBT) stock is a Buy with a A$0.46 price target. To see the full list of analyst forecasts on BlueBet Holdings Ltd. stock, see the AU:BBT Stock Forecast page.
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.
The most recent analyst rating on (AU:BBT) stock is a Buy with a A$0.46 price target. To see the full list of analyst forecasts on BlueBet Holdings Ltd. stock, see the AU:BBT Stock Forecast page.
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.
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.