How BetMakers Slashed Losses and Readies for US Market Breakthrough
BetMakers Technology Group Ltd reported an 11.4% rise in half-year revenue to $46.1 million alongside a dramatic 80% reduction in losses, setting the stage for accelerated global growth and a strategic US market push.
- Revenue increased 11.4% to $46.1 million in H1 FY26
- Loss after tax narrowed sharply to $3.45 million from $17.17 million
- Global Betting Services division enters scalable growth phase
- Next-gen wagering platforms Apollo™ and GTX launched
- Post-period acquisition of Las Vegas Dissemination Company (LVDC) to boost US presence
Financial Turnaround and Revenue Growth
BetMakers Technology Group Ltd has delivered a markedly improved half-year performance for the period ending 31 December 2025, with revenues climbing 11.4% to $46.1 million. More strikingly, the company slashed its loss after tax by nearly 80%, down to $3.45 million from $17.17 million in the prior corresponding period. This financial turnaround reflects the successful completion of a structural reset and a transition from transformation to scalable growth.
Operational Highlights and Division Performance
The Global Betting Services division spearheaded growth, posting a 20.4% revenue increase to $21 million. This division has moved beyond its transformation phase, leveraging key global partnerships and embedding its technology deeply within leading bookmakers’ operations. The company’s Apollo™ wagering platform, featuring multi-language and multi-currency capabilities, is now fully operational at scale, driving operational efficiencies and enhanced trading capabilities through advanced machine learning models.
Meanwhile, the Global Tote division, responsible for pari-mutuel technology, maintained steady growth with revenues up 4.8% to $25.1 million. The rollout of the next-generation GTX Digital platform continues, offering enhanced scalability and user experience. Notably, the division secured a landmark agreement with Stake, enabling global access to premier racing pools and expanding total pool liquidity without additional physical infrastructure.
Strategic US Expansion and Corporate Efficiency
Post-period, BetMakers completed the acquisition of the Las Vegas Dissemination Company (LVDC), a strategic move granting direct access to Nevada’s tier-one casino operators and sportsbooks. This acquisition is pivotal for BetMakers’ broader US digital strategy, positioning the company to capitalise on the world’s largest wagering market by integrating LVDC’s operator relationships with BetMakers’ modular technology.
On the corporate front, BetMakers has maintained a disciplined focus on capital management, preserving a strong, debt-free balance sheet. Operational streamlining and a lean corporate structure have reduced overheads, allowing greater reinvestment into research, development, and product innovation.
Outlook and Growth Pipeline
Looking ahead, BetMakers aims to convert a significant pipeline of contracts, including deployments with Stake and CrownBet scheduled for the second half of FY26. The company remains committed to evolving its core Apollo wagering platform and GTX suite, reinforcing its position as a technology leader in racing-led wagering globally. With a cost base optimised and technology roadmap largely delivered, BetMakers is focused on achieving consistent free cash flow and sustainable growth.
Bottom Line?
BetMakers’ improved financial footing and strategic US acquisition signal a promising next chapter, but execution of its growth pipeline will be critical to sustaining momentum.
Questions in the middle?
- How will the LVDC acquisition impact BetMakers’ revenue and profitability in the US market?
- What are the risks and timelines associated with converting the pipeline contracts like Stake and CrownBet?
- How will ongoing technology investments balance with the company’s goal of achieving positive free cash flow?
