BetMakers Posts 205% EBITDA Jump In FY26 As Tabcorp Takeover Advances
Racing-focused wagering technology supplier BetMakers Technology Group has reported FY26 revenue of AU$92.6m (£49m), up 8.8% year-on-year, alongside a 205% jump in adjusted EBITDA to AU$14.1m, as its binding takeover deal with Tabcorp Holdings continues to progress.
Margins Improve As Losses Narrow
According to BetMakers' ASX filing, adjusted EBITDA rose from AU$4.6m in FY25 to AU$14.1m, a AU$9.5m improvement, while adjusted EBITDA margin expanded to 15.2% from 5.5%.
Net loss after tax narrowed to AU$5.2m from AU$25.3m the prior year, and adjusted gross margin improved to 66.9% from 64.1%, moving the company closer to its long-term 70% target.
“Over the last 12 months, the company has continued to deliver against the operating turnaround that we set in place several years ago,” said BetMakers Chairman Matt Davey.
“This is most dramatically shown through the positive EBITDA, up over 200% to $14.1m over the last 12 months.”
Global Tote And Betting Services Split
BetMakers' global tote segment remained the largest single contributor at AU$49.3m, though that represented a 2.3% decline on FY25's AU$50.6m.
Its global betting services arm grew 25.5% to AU$43.3m, helped by an expanding digital customer base and new partnerships including the UK Tote Group, Racecourse Media Group, William Hill and Norway's Rikstoto.
Stake also recently agreed to incorporate BetMakers' fixed-odds pricing and trading capability.
Tabcorp Deal In The Background
The results land as BetMakers works through a binding Scheme Implementation Deed with Tabcorp Holdings, announced in August, under which Tabcorp would acquire the company for around AU$267m, offering AU$0.24 per share with an option for eligible shareholders to elect scrip consideration.
The deal follows a period of scrutiny for BetMakers' home Australian market, which has faced political and public pressure over gambling advertising rules.
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