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Betmakers Technology Group
(Sydney:BET)
Betmakers Technology Group (BET) vs. iShares MSCI Australia ETF (EWA)
Betmakers Technology Group Business Overview & Revenue Model
Betmakers Technology Group Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 89.82M | 85.12M | 95.20M | 95.03M | 91.68M | 19.46M |
| Gross Profit | 34.02M | 54.55M | 57.40M | -25.37M | 9.84M | -1.60M |
| EBITDA | 4.55M | 1.33M | -5.21M | -40.96M | -86.06M | -18.14M |
| Net Income | -12.72M | -26.42M | -38.67M | -38.78M | -89.23M | -17.46M |
Balance Sheet | ||||||
| Total Assets | 133.17M | 134.16M | 150.65M | 199.54M | 223.06M | 230.30M |
| Cash, Cash Equivalents and Short-Term Investments | 30.16M | 30.31M | 29.33M | 41.04M | 87.55M | 120.61M |
| Total Debt | 4.52M | 1.47M | 3.15M | 15.07M | 5.22M | 2.49M |
| Total Liabilities | 39.22M | 38.93M | 39.10M | 48.95M | 33.77M | 34.89M |
| Stockholders Equity | 93.96M | 95.23M | 111.55M | 150.60M | 189.29M | 195.40M |
Cash Flow | ||||||
| Free Cash Flow | 11.19M | -6.62M | -5.03M | -32.49M | -34.38M | -4.66M |
| Operating Cash Flow | 13.92M | 3.54M | 3.21M | -24.26M | -18.22M | -2.02M |
| Investing Cash Flow | -9.64M | -10.16M | -11.47M | -11.03M | -22.77M | -46.74M |
| Financing Cash Flow | 7.23M | 8.05M | -2.69M | -11.73M | 7.94M | 137.75M |
Betmakers Technology Group Technical Analysis
Betmakers Technology Group Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | AU$2.30B | 26.11 | 2.62% | 2.01% | 8.62% | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | AU$174.30M | 16.20 | 48.57% | 5.00% | -4.01% | -12.08% | |
49 Neutral | AU$239.68M | -1.63 | -22.97% | ― | 126.29% | 95.17% | |
45 Neutral | AU$190.45M | -14.86 | -13.44% | ― | -10.59% | 32.75% | |
43 Neutral | AU$312.83M | -3.53 | 653.24% | ― | 6.47% | 60.03% |
Betmakers Technology Group Corporate Events
BetMakers Technology Group requested an immediate trading halt in its securities on the ASX after receiving a price query from the exchange. Trading in BET shares will remain halted until the earlier of the release of the company’s response to the price query or the start of normal trading on 13 February 2026.
The company stated it is not aware of any reason the halt should not be granted and indicated no additional information is required to inform the market about the halt itself. The move signals that BetMakers is preparing a formal clarification on recent share price movements, a step aimed at maintaining orderly trading and ensuring investors receive a clear explanation of any factors behind the price action.
The most recent analyst rating on (AU:BET) stock is a Buy with a A$0.22 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
BetMakers Technology Group has completed the acquisition of 100% of the assets of the Las Vegas Dissemination Company, effective 1 February 2026. The deal consolidates BetMakers’ control over LVDC’s dissemination infrastructure and is expected to strengthen its technology and data distribution capabilities in key wagering markets, potentially enhancing its competitive position and service offering to racing and betting industry clients.
The most recent analyst rating on (AU:BET) stock is a Buy with a A$0.22 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
BetMakers Technology Group reported Q2 FY26 revenue of A$22.9 million, up 14.1% year-on-year, with gross profit rising 23.1% and gross margin improving to 66.4%. The company delivered A$2.7 million in positive adjusted EBITDA, its fourth consecutive profitable quarter on this metric, highlighting the operating leverage of its technology-led model and a more resilient financial footing even through the seasonally weakest period. Strategic momentum was reinforced by three major deals: a multi-year global racing agreement with Stake.com to power its international horse racing offering, an exclusive five-year technology and services partnership to relaunch CrownBet in Australia using BetMakers’ full wagering stack, and a renewed and expanded three-year exclusive content distribution agreement with PENN Entertainment, which is expected to lift annual EBITDA through lower cost of goods. These contracts deepen BetMakers’ role as a core infrastructure provider to leading operators and are expected to support further earnings growth in the second half as contributions from the new agreements begin to flow through.
The most recent analyst rating on (AU:BET) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
BetMakers Technology Group has disclosed that a custodian holding shares on behalf of Tekkorp Holdings LLC, an entity associated with Executive Chair Matthew Davey, automatically sold 216 BetMakers shares on 7 January 2026 to cover market data subscription fees, before repurchasing the same number of shares at the same price later that day, resulting in no net change to Tekkorp’s holding or financial position. The Board described the trades as a technical breach of the company’s securities trading policy because they occurred during a closed period without prior written authorisation, but, noting that the transactions were triggered automatically without Davey’s knowledge or consent, it accepted his undertaking to transfer the shares to an account that prevents automatic broker-initiated sales and committed to enforcing this remedial action.
The most recent analyst rating on (AU:BET) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
Betmakers Technology Group has disclosed a change in director Matthew Davey’s indirect interest in the company, with Tekkorp Holdings LLC acquiring an additional 260,000 fully paid ordinary shares via an on-market trade on 24 December 2025 at $0.185 per share. Following this transaction, Davey, through Tekkorp Holdings, now indirectly holds 106,250,000 shares in Betmakers as well as existing unvested performance rights, underscoring a modest increase in his equity exposure and ongoing alignment with shareholder interests.
The most recent analyst rating on (AU:BET) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
Betmakers Technology Group has applied for quotation on the ASX of 1,688,000 new fully paid ordinary shares, following the issue of securities arising from the exercise of options or conversion of other convertible instruments. The additional shares, to be quoted under the ticker BET from 19 December 2025, will moderately expand the company’s listed capital base, potentially improving liquidity in its stock and reflecting ongoing utilisation of equity-based instruments in its capital management strategy.
The most recent analyst rating on (AU:BET) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
BetMakers Technology Group has issued 1,688,000 fully paid ordinary shares following the conversion of an equivalent number of vested performance rights granted under its employee incentive plan. The company confirmed that the new shares were issued without a disclosure document under the Corporations Act, stated it is in compliance with its financial reporting and continuous disclosure obligations, and indicated there is no undisclosed information material to assessing the company or the rights attached to the new shares, signalling a routine capital management and employee remuneration event rather than a change in strategic outlook.
The most recent analyst rating on (AU:BET) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
BetMakers Technology Group has announced a multi-year partnership with Stake, a leading online sportsbook and casino, to deliver its RaceOdds+ solution. This collaboration will provide Stake with BetMakers’ advanced pricing, trading, and wagering capabilities, global racing content, and Racelab products, enabling the operator to expand its global horse racing offerings and deliver a top-tier experience to its customers. This deal marks a significant step in BetMakers’ global racing strategy, with Stake expected to go live in the second half of fiscal year 2026. These developments underscore BetMakers’ industry standing, while opening new growth opportunities for Stake and supporting the sustainability of horse racing.
The most recent analyst rating on (AU:BET) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
BetMakers Technology Group has signed a definitive agreement to acquire certain assets and liabilities of the Las Vegas Dissemination Company (LVDC), marking a significant step in its US growth strategy. This acquisition provides BetMakers with direct access to major US casino operators and Nevada wagering customers, expected to generate $4.5 million in revenue and be at least Adjusted EBITDA break-even in the first year. The move establishes a critical foothold in Nevada, enabling the rollout of enhanced digital wagering solutions and reinforcing BetMakers’ position as a global leader in end-to-end wagering technology.
The most recent analyst rating on (AU:BET) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
BetMakers Technology Group has signed a significant five-year agreement with Betfair Australia to become the exclusive technology provider for the launch of CrownBet, a premium Australian wagering brand. This partnership, which includes deploying BetMakers’ Apollo wagering platform and other services, marks a major milestone for the company, aligning it with Crown Resorts and positioning CrownBet as a formidable player in the Australian market.
The most recent analyst rating on (AU:BET) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
BetMakers Technology Group has announced a new three-year agreement with Penn Entertainment to distribute Penn’s racing content, which is expected to enhance BetMakers’ revenue and EBITDA by approximately A$1.2 million per annum. The company is experiencing strong digital momentum with the launch of eight new digital customers in Q2 FY26 and plans for further expansion, positioning itself for continued growth and improved financial performance in the coming years.
The most recent analyst rating on (AU:BET) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
Betmakers Technology Group Limited has announced a change in the director’s interest, specifically relating to Matthew Davey. The change involves the issuance of 5,000,000 unvested FY25 Tranche 2 and 5,000,000 unvested FY25 Tranche 3 Performance Rights, following shareholder approval at the annual general meeting. This adjustment in director’s interest reflects strategic decisions made by the company to align leadership incentives with shareholder interests, potentially impacting the company’s governance and stakeholder confidence.
The most recent analyst rating on (AU:BET) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
Betmakers Technology Group Ltd announced the issuance of 900,000 unquoted service rights as part of an employee incentive scheme. This move is aimed at bolstering employee engagement and aligning staff interests with company growth, potentially strengthening its market position in the betting technology industry.
The most recent analyst rating on (AU:BET) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
Betmakers Technology Group Ltd has announced the issuance of 10 million unquoted performance rights, effective November 26, 2025. This move is part of the company’s strategy to incentivize performance and align the interests of its stakeholders, potentially impacting its market positioning and operational dynamics.
The most recent analyst rating on (AU:BET) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
Betmakers Technology Group Ltd announced the issuance of 960,000 unquoted performance rights under an employee incentive scheme, which are not intended to be quoted on the ASX. This move is part of the company’s strategy to incentivize and retain key personnel, potentially impacting its operational efficiency and competitive positioning in the market.
The most recent analyst rating on (AU:BET) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.