• Expanding global network with 60+ online wagering operators, 45+ regulatory licenses, and 30+ active countries
• Launching upgraded technology platform GTX with enhanced features and capabilities
• Executing on key growth strategies to expand network reach and increase turnover
• Demonstrating financial progress with 3.7% QoQ revenue growth, improved gross margins, and reduced costs

BetMakers Technology Group Ltd has provided a comprehensive quarterly update showcasing its position as the global market leader for B2B technology solutions in the racing industry. The company has significantly expanded its network, now serving over 60 online wagering operators across 30+ active countries with 45+ regulatory licenses. BetMakers' products simplify access to racing content while powering critical wagering infrastructure for leading global operators. The company is launching its upgraded GTX technology platform in Q4 FY25, featuring a modern architecture for increased scalability and performance, rapid release cycles, industry-leading speed and user experience, and new products such as pools and jackpots. BetMakers is executing on key growth strategies, including expanding its international partnership channel, increasing fixed odds market share, and growing tote handle globally. The company has demonstrated financial progress, with 3.7% quarter-on-quarter revenue growth, improved gross margins from 57.8% to 63.9%, and a material reduction in the operating cost base from $65.3 million in FY24 to $53.9 million in Q3 FY25. BetMakers has delivered positive operating cash flow of $3.0 million and Adjusted EBITDA of $1.2 million for the quarter, showcasing its ability to execute on key financial promises.

For the financial year ending June 30, 2025, BetMakers is targeting revenue of approximately $83 million (based on Q3 FY25 annualized), gross margins of over 64%, and Adjusted EBITDA of around $5 million (based on Q3 FY25 annualized).

BetMakers is entering a growth phase, powered by upgraded technology and an expanding global presence. The company expects to continue accelerating revenue growth, further improving gross margins, and driving increased profitability through strong operating leverage. The pipeline of new customer opportunities remains robust, with multiple new platform launches expected in the coming quarters.