Betmakers Technology Group Ltd. (AU:BET)
ASX:BET
Top Page
Betmakers Technology Group
(Sydney:BET)
Select Model
Select Model
Rating:45Neutral
Price Target:
AU$0.17
â–²(6.88% Upside)
Action:ReiteratedDate:02/14/26
The score is mainly constrained by weak financial performance—declining revenue, negative margins, and limited cash generation—despite low leverage. Technicals also lean bearish with the stock trading below key moving averages, while valuation support is limited because earnings are negative and there is no dividend yield data.
Positive Factors
Recurring, diversified revenue model
Betmakers' business mixes subscription/platform fees, transaction-linked fees and data/content sales, creating multiple recurring streams. This durable model scales with operator volumes, supports predictable contracted revenue, and allows cross-sell of services over a 2-6 month horizon and beyond.
Negative Factors
Declining revenue trend
Sustained revenue decline weakens the core scaling dynamics of a platform business. For a model tied to operator handle and transaction volumes, falling top-line reduces fixed-cost absorption and hampers progress toward profitability, posing a structural headwind over the coming 2-6 months.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring, diversified revenue model
Betmakers' business mixes subscription/platform fees, transaction-linked fees and data/content sales, creating multiple recurring streams. This durable model scales with operator volumes, supports predictable contracted revenue, and allows cross-sell of services over a 2-6 month horizon and beyond.
Read all positive factors
Betmakers Technology Group (BET) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$201.65M
Dividend YieldN/A
Average Volume (3M)2.98M
Price to Earnings (P/E)―
Beta (1Y)0.02
Revenue Growth-10.59%
EPS Growth32.75%
CountryAU
Employees376
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,120,282,200
10 Day Avg. Volume5,987,460
30 Day Avg. Volume2,984,990
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)1.01
Price to Sales (P/S)1.13
P/FCF Ratio-14.58
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.25Price Target Upside56.25% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)AU$92.82M
Betmakers Technology Group Business Overview & Revenue Model
Company Description
Betmakers Technology Group (BET) is an Australian-based technology company that specializes in providing innovative solutions for the global wagering and gaming industries. The company operates through multiple sectors, including sports betting, o...
How the Company Makes Money
Betmakers Technology Group generates revenue through several key streams. Primarily, the company earns income from its software-as-a-service (SaaS) offerings, where it licenses its technology to various betting operators and gaming companies. This...
Betmakers Technology Group 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 | 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
Neutral
0.16
Price Trends
0.18
Negative
0.18
Negative
0.17
Positive
Market Momentum
>-0.01
Negative
47.75
Neutral
61.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BET, the sentiment is Neutral. The current price of 0.16 is below the 20-day moving average (MA) of 0.17, below the 50-day MA of 0.18, and below the 200-day MA of 0.17, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.75 is Neutral, neither overbought nor oversold. The STOCH value of 61.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:BET.
Betmakers Technology Group Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | AU$28.28B | 30.52 | 23.84% | 1.60% | -4.64% | 11.95% | |
64 Neutral | AU$2.17B | 26.11 | 2.62% | 2.01% | 8.62% | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | AU$333.43M | -3.52 | -5.62% | 18.81% | 12.22% | 558.33% | |
49 Neutral | AU$208.21M | -1.63 | -22.97% | ― | 126.29% | 95.17% | |
45 Neutral | AU$201.65M | -14.86 | -13.44% | ― | -10.59% | 32.75% | |
43 Neutral | AU$295.45M | -3.53 | 653.24% | ― | 6.47% | 60.03% |
* Consumer Cyclical Sector Average
AU:BET
Betmakers Technology Group
0.18
0.09
100.00%
AU:AGI
Ainsworth Game Technology
0.99
0.23
30.26%
AU:ALL
Aristocrat Leisure
46.75
-11.91
-20.30%
AU:PBH
PointsBet Holdings
0.85
-0.18
-17.87%
AU:TAH
Tabcorp Holdings Limited
0.95
0.39
71.51%
AU:BBT
BlueBet Holdings Ltd.
0.20
-0.06
-23.08%
Betmakers Technology Group Corporate Events
BetMakers Seeks ASX Trading Halt Following Price Query
Feb 11, 2026
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 ...
BetMakers Finalises Acquisition of Las Vegas Dissemination Company Assets
Feb 2, 2026
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 ...
BetMakers Lifts Revenue and Margins as New Global Deals Cement Tech-Led Pivot
Jan 29, 2026
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 consecuti...
BetMakers Flags Technical Policy Breach After Automated Director-Linked Share Trade
Jan 12, 2026
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 sub...
Betmakers Director Matthew Davey Lifts Indirect Stake via On-Market Share Purchase
Dec 24, 2025
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 a...
Betmakers Seeks ASX Quotation for 1.69 Million New Shares
Dec 19, 2025
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 shar...
BetMakers Issues 1.69 Million Shares on Conversion of Employee Performance Rights
Dec 19, 2025
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 issu...
BetMakers Partners with Stake for Global Horse Racing Expansion
Dec 17, 2025
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 wag...
BetMakers Expands US Presence with LVDC Acquisition
Dec 4, 2025
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 di...
BetMakers Secures Exclusive Deal with Betfair for CrownBet Launch
Dec 4, 2025
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 Secures New Agreement with Penn Entertainment, Driving Growth
Dec 2, 2025
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 c...
Betmakers Technology Group Announces Director’s Interest Change
Dec 2, 2025
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 Perform...
Betmakers Technology Group Issues New Service Rights to Employees
Nov 28, 2025
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 st...
Betmakers Technology Group Issues 10 Million Performance Rights
Nov 28, 2025
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 stakehold...
Betmakers Technology Group Issues New Performance Rights
Nov 28, 2025
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 r...
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.