BetMakers Technology Group (ASX:BET) Releases Q3 FY25 Trading Update
Financial Performance
BetMakers Technology Group reported its best quarterly operating cash-flow as a listed company in Q3 FY25, generating $1.2m Adjusted EBITDA and positive free cash-flow. The group also achieved a gross margin of 65.2% in April, up from 63.9% in Q3 FY25. Adjusted EBITDA in April 2025 reached $0.88m, and the company anticipates revenue growth and positive free-cash flow in FY26.
Operational Achievements
The company enhanced its market-leading racing product suite, with significant upgrades to the Apollo product suite, including the Apollo-Powered Embedded Racing Solution and a multi-language, multi-currency architecture. Since its launch in FY25, Apollo has driven a 50% increase in total bets placed per month and a 35% rise in active users. BetMakers has also substantially reduced its cloud and infrastructure delivery costs for Apollo. Additionally, preparations for the launch of GTX, the tote-led wagering platform, are nearing completion.
Future Outlook
BetMakers expects continued revenue growth and positive free cash-flow in FY26, building on the momentum from current performance.
Executive Comments
Executive Chair Matt Davey stated, “It’s great to see the business continue to perform in-line with our record quarter in Q3 FY25. We are now seeing financial results from a much cleaner business, with the Apollo deployment and FY25 restructuring initiatives complete. Our competitive market position is improving nicely, driven by our upgraded technology and operating efficiency. We anticipate this momentum to compound our market advantage. We are excited about FY26 and look forward to bringing further updates on our progress with the FY25 financial results.”
Motley Fool contributor Kiarra Jackson 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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