Apollo Platform Drives 50% Increase in Bets, BetMakers Posts $1.2m EBITDA
BetMakers Technology Group reports a strong FY25 trading update, driven by enhancements to its Apollo racing suite and preparations for the GTX wagering platform launch, signaling robust momentum heading into FY26.
- Apollo platform bets up 50% and active users up 35%
- Q3 FY25 delivers best quarterly operating cash flow with $1.2m Adjusted EBITDA
- Gross margin improves to 65.2%, trending toward 70% target
- GTX wagering platform launch imminent, promising cost efficiencies
- Company expects revenue growth and positive free cash flow in FY26
Operational Momentum Accelerates
BetMakers Technology Group Ltd (ASX:BET) has unveiled a compelling trading update for FY25, highlighting significant operational progress and financial improvements. Central to this momentum is the Apollo product suite, which has undergone rapid enhancements since its launch earlier this fiscal year. These upgrades have not only enriched the user experience with an embedded racing solution but also expanded global reach through multi-language and multi-currency capabilities.
The impact of these innovations is clear: total bets placed on Apollo platforms have surged approximately 50% from March 2024 to September 2025, while active users have increased by around 35%. This growth underscores BetMakers’ commitment to continuous innovation and its ability to deliver value to global partners.
Financial Performance Strengthens
On the financial front, BetMakers reported its best quarterly operating cash flow as a listed company in Q3 FY25, generating $1.2 million in Adjusted EBITDA alongside positive free cash flow. April 2025 alone saw an Adjusted EBITDA of $0.88 million after accounting for capitalised costs, marking a notable improvement over the previous quarter.
Gross margin also improved to 65.2% in April, edging closer to the company’s long-term goal of 70%. These figures reflect the benefits of recent restructuring initiatives and the efficiencies gained from the Apollo platform deployment.
Looking Ahead: GTX Platform and FY26 Outlook
BetMakers is also preparing to launch GTX, its tote-led wagering platform, which promises to be a pivotal advancement for the Global Tote division. Designed to enhance user experience and reduce operational costs, GTX is expected to replicate the efficiencies achieved with Apollo, potentially capturing new market share.
With these developments, the company anticipates continued revenue growth and positive free cash flow in FY26, barring any material adverse changes. Executive Chair Matt Davey expressed optimism about the company’s trajectory, emphasizing the strengthening competitive position driven by upgraded technology and operational efficiency.
As BetMakers moves forward, the market will be watching closely to see how these technological innovations translate into sustained financial performance and expanded market presence.
Bottom Line?
BetMakers’ technology-driven growth story is gaining traction, setting the stage for a potentially transformative FY26.
Questions in the middle?
- How will the upcoming GTX platform launch impact BetMakers’ market share and profitability?
- Can BetMakers sustain the rapid user growth and betting volume increases seen on the Apollo platform?
- What risks could disrupt the company’s optimistic FY26 revenue and cash flow projections?
