BetMakers Technology Group Limited (ASX:BET) Reports Q3 FY25 Financial Results
Financial Performance
BetMakers Technology Group Limited reported a 3.7% quarter-over-quarter revenue increase for Q3 FY25, reaching $83 million on an annualised basis. The company achieved a gross margin of 63.9%, up from 58% in FY23, and delivered a positive $3.0 million operating cash-flow along with $5 million Adjusted EBITDA.
Operational Achievements
The company has expanded its global presence, servicing over 60 online wagering operators across more than 30 countries. Recent strategic partnerships with Sportradar and others are expected to accelerate international distribution. BetMakers also launched new products under the Quantum™ brand, enhancing its turnkey racing solutions.
Cost Reduction and Efficiency
BetMakers reduced its annualised cost base from $65.3 million to $53.9 million, excluding restructuring costs. The operating cost base is now below the $55 million target, supporting improved profitability.
Growth Initiatives
The company’s technology roadmap includes the GTX platform upgrade and multiple Apollo platform launches. BetMakers aims to increase its fixed odds market share and expand its global tote network, with new customers expected to go live in CY25.
Future Outlook
With a strong revenue trajectory and improved gross margins, BetMakers is at a financial inflection point, anticipating continued growth and profitability in FY26.
Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Betmakers Technology Group. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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