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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Betmakers Technology Group
Betmakers Technology Group (BET) investor relations material
Betmakers Technology Group Q1 2027 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2027 TU earnings summary28 Oct, 2026
Executive summary
Q1 FY27 revenue rose 16.3% YoY to $24.7m, adjusted EBITDA reached $5.9m and operating cash flow was $2.8m.
Growth and margin expansion reflected digital customer growth, record Apollo activity and disciplined operating costs.
Financial highlights
Revenue was $24.688m versus $21.237m in Q1 FY26 on a constant-currency basis, up 16.3%; gross profit increased to $17.056m from $13.576m.
Total expenses fell to $11.171m from $11.444m; staff costs were $8.543m versus $8.478m, and overheads were $2.627m versus $2.967m.
Adjusted EBITDA was $5.885m versus $2.132m, up 176.1%; EBITDA was $5.354m versus $2.012m, up 166.2%.
Net cash from operating activities was $2.823m, compared with a $1.220m outflow in Q1 FY26; unrestricted quarter-end cash was $16.0m, up from $15.6m at 30 June 2026.
Capitalised staff costs were $2.030m in Q1 FY27 versus $1.417m in Q1 FY26.
Outlook and guidance
Long-term goals over three to five years remain annual revenue growth of 10%+, gross margin of 70%+ and adjusted EBITDA margin of 25%+.
Q1 FY27 progress included 16.3% revenue growth, 69.1% gross margin and 23.8% adjusted EBITDA margin; management said the business was well positioned for FY27.
Priorities include digital expansion, Apollo adoption, content monetisation, cost discipline and AI-enabled workflow efficiency.
Parimutuel-powered reveal games are expected to go to market in Q3 FY27; advanced digital wagering features remain on the product roadmap.
Strategy targets continued technology-led growth and consistent free-cash-flow generation as the business scales.
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Latest events from Betmakers Technology Group
- FY26 adjusted EBITDA surged 205%, alongside a proposed Tabcorp acquisition.BET
H2 2026 - Acquisition accelerates tech modernization, targets AUD 30m synergies, and global B2B growth.BETM&A announcement
- Q4 FY26 saw strong revenue and EBITDA growth, margin expansion, and robust cash flow.BETQ4 2026 TU
- Q3 FY26 saw 12.6% revenue growth, 186% EBITDA increase, and 67.0% gross margin.BETQ3 2026 TU
- Revenue up 13.8%, adjusted EBITDA positive, and US expansion underway with major new deals.BETH1 2026
- 14.1% revenue growth, margin expansion, and new deals set up strong H2 outlook.BETQ2 2026 TU
- Margin gains, positive cash flow, and global expansion drive a strong outlook for FY26.BETH2 2025
- Adjusted EBITDA loss shrank 74% as cost cuts and tech upgrades set up FY25 profitability.BETH2 2024
- Revenue fell, but cost cuts and tech upgrades set up margin and growth gains for FY26.BETH1 2025
Next Betmakers Technology Group earnings date
AGM 202623 Nov, 2026
Betmakers Technology Group
Next Betmakers Technology Group earnings date
AGM 202623 Nov, 2026
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Frequently asked questions
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.