Betmakers Technology Group (BET) Q1 2027 TU earnings summary

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.