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Betmakers Technology Group
Betmakers Technology Group (BET) investor relations material
Betmakers Technology Group Q2 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 TU earnings summary28 Jan, 2026
Executive summary
Achieved 14.1% year-over-year revenue growth to $22.9M in Q2 FY26, driven by digital and content revenues.
Adjusted EBITDA reached $2.7M, a $3.0M turnaround from Q2 FY25's $0.3M loss, with four consecutive quarters of positive results.
Major new agreements signed: global partnership with Stake.com, multi-year renewal with PENN Entertainment, and a five-year technology deal with CrownBet.
LVDC acquisition progressing, expected to complete in Q3 FY26, expanding US market presence.
Financial highlights
Q2 FY26 revenue of $22.9M, up from $20.0M in Q2 FY25.
Gross margin expanded to 66.4% from 61.6% year-over-year, with gross profit rising to $15.2M.
Adjusted EBITDA of $2.7M for the quarter, with positive net cash from operating activities of $0.2M.
H1 FY26 revenue of $44.9M, up 12% year-over-year after normalizing for a legacy customer loss.
Cash and cash equivalents at quarter end were $30.2M.
Outlook and guidance
Financial impact from CrownBet and Stake deals expected in H2 FY26.
Entering seasonally stronger half of the year, with further improvement in Adjusted EBITDA anticipated.
LVDC acquisition expected to contribute $4.5M annual revenue and be at least Adjusted EBITDA break-even in Year 1.
Focus on scalable growth from proprietary technology and North American expansion.
Continued commitment to cost efficiencies and positive operating cash flows.
Detail H2 FY26 financial impact of new deals
What drives gross margin expansion to 66.4%?
Explain North American growth strategy post-LVDC
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Next Betmakers Technology Group earnings date
H1 202625 Feb, 2026
Betmakers Technology Group
Next Betmakers Technology Group earnings date
H1 202625 Feb, 2026
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Betmakers Technology Group Ltd is a technology company that provides data and software solutions for the global racing and betting industry. The company offers products and services including race data distribution, fixed odds wagering platforms, and trading and risk management tools. Its clients include wagering operators, racing bodies, and bookmakers, with solutions designed to support racing integrity, betting operations, and market expansion. Betmakers Technology Group Ltd operates across various international markets. The company is headquartered in Sydney, Australia, and its shares are listed on the ASX.
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