Trading Update

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Stock Betmakers Technology Group Ltd (BET.ASX)
Release Time 22 May 2025, 9:24 a.m.
Price Sensitive Yes
 BetMakers Technology Group Provides Trading Update
Key Points
  • Enhancing market-leading racing product suite, driving sustained value for global partners
  • Upgraded Apollo product suite driving improved results, with 50% increase in monthly bets and 35% increase in active users
  • Momentum accelerating on GTX tote-led wagering platform, preparing for first customer launch
Full Summary

BetMakers Technology Group Ltd (ASX:BET) has provided a trading update, highlighting key operational and financial achievements. The company is actively enhancing its market-leading racing product suite, solidifying its competitive advantage and driving sustained value for its global partners. Since the launch of the Apollo product suite earlier in FY25, the company has made several rapid and significant enhancements, including improvements to the embedded racing solution, multi-language and multi-currency architecture, advanced machine-learning pricing models, and the addition of native same-game multi-betting. These enhancements have driven improved results, with a 50% increase in monthly bets placed and a 35% increase in active users on the Apollo platforms from March 2024 to September 2025. The company has also significantly reduced its cloud and infrastructure delivery costs for Apollo. Momentum is also accelerating on GTX, BetMakers' tote-led wagering platform, as preparations for its first customer launch are finalized. Financially, BetMakers delivered its best quarterly operating cash-flow result as a listed company in Q3 FY25, generating $1.2m Adjusted EBITDA and positive free cash-flow, with improvements in both revenue growth and profitability compared to Q2 FY25. The company expects to generate revenue growth as well as positive free-cash flow in FY26, based on the momentum established this calendar year.

Guidance

Based on the momentum established this calendar year, the Company expects to generate revenue growth as well as positive free-cash flow in FY26.

Outlook

The company is excited about FY26 and looks forward to bringing further updates on its progress with the FY25 financial results.