BetMakers Q4 Revenue Climbs 8.9%, EBITDA Soars 164% Amid Tech Upgrades
BetMakers Technology Group delivered a standout Q4 FY25 with record adjusted EBITDA and improved margins, while announcing a strategic acquisition to deepen its US market presence.
- Q4 FY25 revenue rose 8.9% quarter-on-quarter to $22.6 million
- Adjusted EBITDA surged 164% QoQ to a record $3.2 million
- Gross margin improved significantly to 71.5%, driven by technology upgrades
- Binding terms signed to acquire Nevada-based pari-mutuel provider LVDC
- Acquisition expected to add A$4 million annual revenue and expand US footprint
Strong Financial Momentum
BetMakers Technology Group Limited has reported a robust finish to FY25, with Q4 revenue climbing to $22.6 million, marking an 8.9% increase from the previous quarter. This growth was underpinned by a surge in variable revenue streams and operational improvements following recent technology upgrades. The company’s adjusted EBITDA hit a record $3.2 million, a remarkable 164% jump quarter-on-quarter, reflecting enhanced profitability and operational leverage.
Gross margin also saw a notable uplift, rising to 71.5% from 63.9% in Q3. This improvement is attributed to BetMakers’ ongoing investment in its technology platform, which has lowered delivery costs and positioned the company for scalable growth. The firm’s transformation initiatives continue to bear fruit, with two consecutive quarters of positive free cash flow and operating cash flow exceeding $3 million.
Market-Leading Platform and Global Reach
BetMakers prides itself on a comprehensive and modular racing technology platform that integrates proprietary innovations, regulatory expertise, and a vast global network. The company services over 65 online wagering operators across more than 30 countries, holding 45 regulatory licenses and partnering with over 230 racing entities worldwide. Its product suite spans fixed odds and tote betting solutions, managed trading services, data feeds, streaming, and marketing services, offering a competitive edge unmatched by global peers.
This extensive ecosystem not only supports current growth but also opens multiple avenues for future expansion, particularly as the company leverages network effects and deep client relationships in major racing jurisdictions.
Strategic Acquisition to Cement US Presence
In a significant strategic move, BetMakers has signed binding terms to acquire LVDC, the sole approved pari-mutuel service provider for Nevada’s gaming industry. LVDC services sportsbooks, racebooks, bars, taverns, and online platforms, providing access to hosted racing pools globally, including North America. The acquisition is expected to contribute approximately A$4 million in annual revenue and establish a foothold in the heart of the US gaming market, particularly alongside Nevada’s premier casino operators.
BetMakers plans to integrate its advanced wagering technology with LVDC’s platform, enhancing the end-user experience across retail and digital channels. The deal also broadens BetMakers’ racing content offerings for casino partners, unlocking new revenue streams. Management anticipates the acquisition will be cash flow positive within 12 months, supported by cost efficiencies and technology-driven growth opportunities.
Looking Ahead
With a strengthened financial position, a market-leading technology platform, and an expanding global footprint, BetMakers is well positioned to capitalize on emerging opportunities in FY26. The company’s focus on innovation and strategic expansion, particularly in the lucrative US market, signals confidence in sustained growth and margin improvement.
Bottom Line?
BetMakers’ record quarter and US acquisition set the stage for accelerated growth, but integration risks remain.
Questions in the middle?
- Will BetMakers successfully complete regulatory approvals and integration of LVDC?
- How will the acquisition impact BetMakers’ margins and cash flow in the near term?
- What new market opportunities could emerge from BetMakers’ expanded US presence?
