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Highlights
- Q3 FY25 revenue climbs with rising margins
- Global reach expands across 30+ countries
- Cost base trimmed, paving way for profitability
BetMakers Technology Group (ASX:BET) has released its Q3 FY25 financial results, showcasing solid operational and financial momentum as the company continues to scale globally and enhance its product offering.
The company reported a 3.7% quarter-over-quarter increase in revenue, now tracking at an annualised $83 million. BetMakers also delivered a gross margin of 63.9%, a significant rise from 58% recorded in FY23, indicating improved efficiency and product scalability. Operating cash flow turned positive at $3.0 million for the quarter, alongside an Adjusted EBITDA of $5 million, marking a meaningful financial turnaround.
Expanding Global Reach
A key component of BetMakers' recent performance lies in its expanding global footprint. The company now services more than 60 online wagering operators in over 30 countries. Strategic agreements—including a recent partnership with Sportradar—are set to enhance international distribution channels, enabling broader adoption of its offerings worldwide.
New launches under the Quantum™ brand have further strengthened BetMakers’ turnkey racing solutions. These developments reflect the company’s commitment to delivering high-performance, scalable platforms for operators in the competitive wagering landscape.
Efficiency Gains and Cost Optimisation
On the cost front, BetMakers has made significant progress. The company reduced its annualised cost base from $65.3 million to $53.9 million, excluding restructuring costs. Importantly, the ongoing operating cost base has now been brought below the $55 million target. This disciplined approach to cost management is supporting stronger margins and paving the way for sustained profitability.
Tech-Driven Growth Ahead
Looking ahead, BetMakers is heavily focused on executing its technology roadmap. Key initiatives include upgrades to its GTX platform and the deployment of multiple Apollo platform solutions. These innovations are designed to capture a larger share of the fixed odds wagering market and expand the company's global tote network.
Several new customers are expected to onboard in calendar year 2025, reinforcing confidence in BetMakers’ growth trajectory. With momentum building across both financial and operational fronts, the company appears to be approaching a significant inflection point.
As BetMakers (BET) looks to FY26, the combination of top-line growth, increased gross margins, and technology-led scalability positions it for continued expansion and improving profitability across global markets.
