BetMakers Maintains Growth Discipline After Strong Q4 Performance

BetMakers has reported a robust final quarter of its financial year, with revenue and profitability metrics showing solid gains as the company continues to execute its long-term strategy. The ASX-listed B2B betting technology provider posted revenue of AUD $24.2m for the three months ending 30 June, a 9.4% increase from the AUD $22.1m recorded in the same period a year earlier.

Adjusted EBITDA climbed 89.3% year-on-year to AUD $4.5m, up from AUD $2.4m in Q4 2025. The company’s adjusted EBITDA margin improved to 18.5%, while gross margin stood at 68.5%. BetMakers attributed the performance to consistent digital revenue growth and a technology-focused operational model, noting that management continues to align the business with long-term targets of 10% annual revenue growth, a gross margin above 70%, and an adjusted EBITDA margin exceeding 25% over a three-to-five-year timeframe.

Unrestricted cash at the end of the quarter totalled AUD $15.6m, up from AUD $14.8m in the third quarter. Operating expenses fell from AUD $12.7m in Q4 2025 to AUD $12.1m in the latest period. CEO Jake Henson said the company’s FY26 strategy centred on supporting leading operators and expanding its product suite while maintaining tight cost control. “Throughout FY26 we focused on supporting leading operators, expanding our product suite while maintaining tight control of our cost base, and Q4 reflects that approach,” he stated.

Several high-profile commercial agreements underpinned the quarter’s momentum. Operator Stake signed a deal to integrate BetMakers’ full fixed-odds pricing, tote and trading capabilities. Sweden’s national horse racing betting operator ATG brought its Swedish and Danish racing content onto BetMakers’ fixed-odds betting product. The company also extended its partnership with Evoke, owner of William Hill, to continue delivering the RaceOdds product across the UK and Ireland.

Henson added that partnerships were deepened globally, with key customers including Stake, CrownBet and Dafabet.com.au brought to market during the period. He noted that GT Vegas was quickly returned to profitability through a leaner operating model. Looking ahead, he said BetMakers is “very well positioned” heading into FY27, citing its market-leading technology, expanding verticals and focus on high-margin, technology-led growth. Additional commentary on FY27 expectations is expected when the company releases its full-year FY26 results.