BetMakers boosts profitability as Tabcorp deal looms

Wagering technology provider BetMakers has delivered a sharp lift in earnings for the last financial year, with revenue growth, tighter cost controls and improving margins driving a more than threefold increase in underlying profitability as the company moves toward a proposed acquisition by Tabcorp.

BetMakers reported revenue of $92.6 million for the year ended June 30, up 8.8 per cent from the previous year, while adjusted EBITDA surged 205.1 per cent to $14.1 million from $4.6 million.

The result was underpinned by growth across the company’s digital wagering products and continued cost discipline. Operating expenses fell to $49.4 million, down from $52.5 million a year earlier, reflecting what the company said were the benefits of restructuring and cost optimisation initiatives implemented over the past two years.

Executive Chairman Matt Davey said the company had focused on discipline throughout the year.

“FY26 was a year of decisive execution. Our strategy to scale, underpinned by disciplined operational control, has delivered material margin expansion, positioning BetMakers for sustainable growth,” Davey said.

Chief Executive Officer Jake Henson said the result highlighted the strength of the company’s technology platform and operating model.

“Our financial performance confirms the power of our technology-led model, focused growth strategy and operating discipline,” Henson said. “By scaling revenue to $92.6 million while strictly managing costs, we achieved a 15.2 per cent adjusted EBITDA margin, validating our technology investments and setting a strong trajectory for FY27.”

BetMakers pointed to ongoing growth in its Apollo platform, progress on its GTX technology roadmap, wider adoption of artificial intelligence tools and the successful integration of GT Vegas as key operational achievements during the year.

The results come against the backdrop of Tabcorp’s proposed acquisition of BetMakers.

Earlier this month, the companies entered a binding scheme implementation deed under which Tabcorp would acquire 100 per cent of BetMakers shares. The BetMakers board has unanimously recommended shareholders vote in favour of the scheme, subject to customary conditions and an independent expert’s report.