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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 | 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
BlueBet Holdings Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | AU$2.20B | 26.11 | 2.62% | 2.01% | 8.62% | ― | |
62 Neutral | AU$11.80B | 16.56 | 109.80% | 3.16% | -6.28% | -11.67% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | AU$170.82M | 16.20 | 48.57% | 5.00% | -4.01% | -12.08% | |
49 Neutral | AU$229.26M | -1.63 | -22.97% | ― | 126.29% | 95.17% | |
45 Neutral | AU$196.05M | -14.86 | -13.44% | ― | -10.59% | 32.75% | |
43 Neutral | AU$312.83M | -3.53 | 653.24% | ― | 6.47% | 60.03% |
BlueBet Holdings Ltd. Corporate Events
Betr Entertainment Limited is an ASX-listed company trading under ticker BBT, with ordinary fully paid shares forming its primary listed security class. The company operates in the broader entertainment and betting space, attracting investors seeking exposure to this segment through its publicly traded equity.
The company has provided an updated notification of its on-market share buy-back, confirming that a total of 1,223,214 shares had been repurchased prior to the latest trading day and a further 57,122 shares were bought back on the previous day. This ongoing daily buy-back activity indicates continued execution of its capital management program, which is likely aimed at optimising its share base and potentially supporting shareholder value through reduced share count.
The most recent analyst rating on (AU:BBT) stock is a Buy with a A$0.41 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 provided an updated notification to the ASX regarding its ongoing on-market share buy-back of ordinary fully paid shares. The company reported that a total of 1,124,013 securities had been repurchased prior to the latest trading day, with an additional 99,201 shares bought back on the previous day under the existing program.
The buy-back, which was initially notified in mid-January 2026 and most recently updated on 18 March 2026, reflects BETR Entertainment’s continuing efforts to manage its capital structure through market repurchases. Regular daily notifications signal to investors that the company is systematically reducing its share count, which can have implications for earnings per share, liquidity, and the ownership profile of remaining shareholders.
The most recent analyst rating on (AU:BBT) stock is a Buy with a A$0.41 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 reported an update to its on-market share buy-back program, confirming that a total of 961,235 ordinary fully paid shares had been repurchased prior to the latest trading day. The company disclosed that it bought back an additional 127,145 shares on the previous day, continuing a capital management strategy first notified in January and most recently updated on March 16.
The ongoing buy-back signals active efforts by Betr to manage its share base and potentially enhance shareholder value by reducing the number of shares on issue. Regular daily notifications to the ASX underscore the program’s scale and transparency, keeping investors informed about the pace and scope of the company’s repurchases over time.
The most recent analyst rating on (AU:BBT) stock is a Buy with a A$0.41 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 applied to the ASX for quotation of an additional 87,268 ordinary fully paid shares under its BBT code. The new securities, issued on 16 March 2026, arise from the exercise or conversion of existing options or other convertible instruments, modestly expanding the company’s free float and potentially improving liquidity for shareholders.
The move signals incremental capital management activity rather than a transformative transaction, but it underscores ongoing engagement with equity-based incentives or financing structures. For investors, the small-scale issuance suggests limited dilution while slightly broadening market access to the stock and supporting regular trading in the company’s securities.
The most recent analyst rating on (AU:BBT) stock is a Buy with a A$0.41 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 updated the market on its ongoing on-market share buy-back program for its ordinary fully paid shares, disclosing that a total of 951,859 shares had been repurchased before the previous trading day. The company reported that it bought back an additional 9,376 shares on the prior day, signalling the continued execution of its capital management strategy and a potential effort to enhance shareholder value by reducing the number of shares on issue.
The announcement, dated 16 March 2026, is a daily notification amending earlier buy-back disclosures first lodged in January 2026. Regular updates of this kind provide transparency to investors about the scale and pace of the buy-back, which can influence liquidity, earnings per share dynamics, and market perceptions of the company’s confidence in its own valuation.
The most recent analyst rating on (AU:BBT) stock is a Buy with a A$0.41 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 disclosed that 4,411,765 ordinary shares will be released from voluntary escrow on 1 April 2026, in line with ASX listing rules. These shares relate to the TopSport acquisition completed in April 2025 and represent half of the agreed completion shares, potentially increasing the tradable free float and liquidity in the stock as escrow conditions expire.
The release marks a scheduled milestone in integrating the TopSport business into betr’s operations and capital structure. Existing shareholders and new investors may see changes in trading dynamics as these shares become available on-market, although the company has not indicated any alteration to its broader strategic focus on the Australian digital wagering sector.
The most recent analyst rating on (AU:BBT) stock is a Buy with a A$0.41 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 provided an updated notification to the ASX regarding its ongoing on‑market share buy‑back of ordinary fully paid BBT shares. The company reported that it had bought back a cumulative total of 903,634 shares prior to the latest trading day and repurchased an additional 48,225 shares on the previous day, reflecting continued execution of its announced capital management program.
The latest update, dated 13 March 2026 and referring to an initial buy‑back notification from January 2026, indicates that Betr is regularly informing the market of daily buy‑back activity. This sustained buy‑back may signal management’s confidence in the company’s valuation and is likely to modestly reduce the free float, with potential implications for existing shareholders’ ownership percentages and market liquidity in BBT shares.
The most recent analyst rating on (AU:BBT) stock is a Buy with a A$0.41 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 been conducting an on-market share buy-back of its ordinary fully paid shares under a program first notified to the market on 14 January 2026. The company reported that, as of the latest daily update dated 11 March 2026, it has repurchased a cumulative total of 903,249 shares before the previous day and a further 385 shares on the previous trading day, indicating ongoing execution of its capital management strategy.
The latest filing serves as an incremental update to its earlier notifications, confirming the continued use of buy-backs as a tool to manage its capital structure. While the announcement is largely administrative, the sustained pace of repurchases may modestly influence the company’s share count and could signal management’s confidence in the company’s valuation to existing and prospective shareholders.
The most recent analyst rating on (AU:BBT) stock is a Buy with a A$0.41 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, the ASX-listed entity behind the BBT ordinary fully paid shares, operates within the entertainment sector and maintains its presence on the Australian market through its quoted equity capital. The company’s ordinary shares form the core of its listed securities and are subject to active capital management decisions.
The company has cancelled 660,986 BBT ordinary fully paid shares following an on-market buy-back completed on 4 March 2026. This reduction in issued capital signals an ongoing capital management strategy that may improve per-share metrics for remaining investors and reflects management’s willingness to return capital or adjust the share base via market purchases.
The most recent analyst rating on (AU:BBT) stock is a Buy with a A$0.41 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 is an ASX-listed company whose ordinary fully paid shares trade under the ticker BBT, and it is currently focused on capital management through an on-market buy-back of its own stock. The business is using this program to actively adjust its capital structure and potentially enhance value for existing shareholders by reducing the number of shares on issue.
The company has provided an updated daily notification to the ASX confirming continued execution of its on-market buy-back, with 713,803 shares repurchased before the previous day and a further 33,438 shares bought back on the prior trading day. This ongoing activity signals the board’s commitment to the buy-back strategy and indicates steady progress in shrinking the free float, which may affect trading liquidity and per-share metrics for investors over time.
The most recent analyst rating on (AU:BBT) stock is a Buy with a A$0.41 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, trading on the ASX as BBT with ordinary fully paid shares, is engaged in an on‑market share buy‑back program as part of its capital management activities. The company has been regularly updating the market on the progress of this program since mid‑January.
In its latest daily notification dated 6 March 2026, Betr reported that it repurchased 52,817 shares on the previous trading day, bringing the cumulative total bought back to 660,986 shares. The ongoing buy‑back may signal management’s confidence in the company’s valuation and could incrementally enhance value for remaining shareholders by reducing the number of shares on issue.
The most recent analyst rating on (AU:BBT) stock is a Buy with a A$0.41 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 continued its on‑market share buy‑back program, updating the market with a daily notification covering trades as of 5 March 2026. The company reported that it had repurchased a total of 603,268 ordinary shares before the previous day and bought back a further 57,718 shares on the prior trading day.
The ongoing on‑market buy‑back, first notified on 14 January 2026, suggests management is actively returning capital to shareholders or signaling confidence in the company’s valuation. Regular daily updates on the number of ordinary fully paid shares repurchased provide transparency for investors tracking changes to Betr’s capital structure and potential earnings per share impact.
The most recent analyst rating on (AU:BBT) stock is a Buy with a A$0.41 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 continued its on-market share buy-back program, reporting that it repurchased a total of 52,577 ordinary fully paid shares in the most recent trading day. This takes the cumulative number of shares bought back under the program to 550,691, signaling ongoing capital management activity that may influence the company’s share structure and shareholder value.
The latest notification, dated 4 March 2026, updates the market following the initial buy-back announcement made in mid-January 2026 and the previous daily notice issued on 3 March 2026. Regular daily disclosures of repurchases reflect the company’s compliance with ASX requirements and provide investors with transparency on the pace and scale of the buy-back operations.
The most recent analyst rating on (AU:BBT) stock is a Buy with a A$0.41 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 provided an updated notification on its ongoing on‑market share buy‑back, confirming that it repurchased 74,786 ordinary fully paid shares on the previous trading day. This takes the total number of shares bought back under the program to 475,905, signalling continued capital management activity that may support the company’s share price and alter its capital structure for existing shareholders.
The latest filing, dated 3 March 2026, follows an initial buy‑back notification lodged on 14 January 2026 and a prior update on 2 March 2026. The regular daily disclosures highlight the company’s ongoing execution of the buy‑back strategy and offer investors increased transparency around the scale and pace of the share repurchases on market.
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.
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 disclosure dated 27 February 2026 reports that a cumulative 126,095 shares had been repurchased before the previous trading day, with an additional 97,746 shares bought back on the prior day.
The continuation of the on-market buy-back signals active capital management by Betr Entertainment, which may support the share price and enhance earnings per share for remaining investors. Regular daily updates also underscore heightened transparency for shareholders as the program, first notified in mid-January 2026, progresses and potentially alters the company’s free float and liquidity profile.
The most recent analyst rating on (AU:BBT) stock is a Hold with a A$0.27 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 an investor presentation covering its results for the six months to 31 December 2025, prepared to accompany its formal results announcement to the ASX. The document outlines that the figures are historical, may be adjusted, and use non‑IFRS measures such as EBITDA and net debt that are intended to provide additional insight but are not audited or directly comparable with other companies.
The presentation emphasises that it is informational only, not an offer or financial advice, and that investors must assess the material in light of their own objectives and seek professional guidance. It also underscores the limitations of market data sourced from third parties, the non‑reliance on past performance as an indicator of future results, and extensive disclaimers around forward‑looking statements, highlighting that betr and its directors accept no liability for losses arising from use of the information.
The most recent analyst rating on (AU:BBT) stock is a Hold with a A$0.27 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 reported a 12.4% rise in revenue to $68.9 million for the half year to 31 December 2025, but its loss after tax ballooned to $32.2 million from $0.5 million a year earlier. The company paid no dividend for the period, reflecting the sharp deterioration in profitability despite top‑line growth.
EBITDA swung from a $2.0 million profit to a $24.7 million loss, while normalised EBITDA fell to a $13.2 million loss, driven by higher acquisition, customer migration, rebranding and other non‑recurring costs. Net tangible assets more than halved to $44.0 million and NTA per share dropped to 3.93 cents, signalling a weaker balance sheet position for shareholders despite an increase in shares on issue.
The most recent analyst rating on (AU:BBT) stock is a Hold with a A$0.27 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 secured a 12‑month extension to the maturity of its existing facility agreement with National Australia Bank, pushing the due date out to 31 July 2027. The agreement underscores NAB’s continued support, following its role in financing betr’s proposed acquisition of PointsBet Holdings, in which betr maintains a 27.7% stake.
All other material terms of the facility remain largely unchanged, preserving the company’s balance sheet flexibility and financial headroom. Management says the extension strengthens betr’s ability to pursue both organic and inorganic growth initiatives, reinforcing its long‑term strategic objectives in the Australian wagering market.
The most recent analyst rating on (AU:BBT) stock is a Hold with a A$0.27 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 H1 FY2026 interim results on 26 February 2026, alongside an investor presentation. The pure-play digital wagering operator, which focuses solely on the Australian market and is led by industry veterans, continues to position itself as a specialist player in the local wagering sector.
The company has scheduled an investor conference call and webcast for the same day at 10:30 a.m. AEDT, with participants required to pre-register for access details. The announcement underscores betr’s efforts to maintain active engagement with investors and other stakeholders around its financial performance and strategic progress.
The most recent analyst rating on (AU:BBT) stock is a Hold with a A$0.27 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 continued its on-market share buy-back program for its ordinary fully paid shares, BBT, on the ASX, as disclosed in its latest update dated 25 February 2026. The company reported that a total of 87,484 securities had been bought back before the previous trading day, with an additional 24,026 shares repurchased on that day as part of the ongoing program.
The latest filing is an update to the buy-back initially notified on 14 January 2026, with the most recent prior update lodged on 10 February 2026. This ongoing series of daily buy-back notifications signals continued execution of the capital management initiative, which is likely aimed at optimising the company’s capital structure and potentially supporting its share price in the market.
The most recent analyst rating on (AU:BBT) stock is a Hold with a A$0.27 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 an updated notice concerning its ongoing on-market share buy-back of ordinary fully paid shares on the ASX, correcting details previously lodged on 10 February 2026. The revision clarifies that the notification date is 10 February 2026 and that 49,122 securities were bought back on 9 February 2026, bringing the total number repurchased prior to that day to 38,362.
The correction is administrative in nature but ensures accuracy in the company’s daily buy-back disclosures to the market, which is important for investors tracking changes in the company’s capital structure. By maintaining precise reporting of its repurchase activity, Betr supports transparency for shareholders and regulators around the progress of its buy-back program.
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.
Betr Entertainment Limited has provided an updated notification to the ASX regarding its on‑market share buy‑back program for its ordinary fully paid shares. The latest update, dated 10 February 2026, confirms the company is continuing the buy‑back first notified on 14 January 2026, with a total of 38,362 shares repurchased before the previous day.
The company reports that it bought back an additional 49,122 shares on the previous trading day, reflecting ongoing daily activity under the program. This continued execution of the on‑market buy‑back reduces the number of shares on issue and may support the company’s capital management strategy and potentially enhance value for remaining shareholders over time.
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.
BETR Entertainment Limited has updated the market on its on‑market share buy‑back program for its ordinary fully paid shares, coded BBT on the ASX. The latest daily notification reports that 38,362 shares were repurchased on the previous trading day, with no shares bought back before that date.
The ongoing buy‑back, initially notified in January 2026, signals an active capital management approach that may support earnings per share and indicate management’s confidence in the company’s valuation. For shareholders, the program can be incrementally accretive and may provide short‑term support to the company’s share price in the market.
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.
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.