Latest BETR ENTERTAINMENT (ASX:BBT) News

Big swings hit ASX financials this week as profit updates, takeover votes and cost cuts drove fast re-pricing. The winners paid (or promised) cash. The laggards spooked investors with losses, restructures or shaky earnings outlooks.

betr Entertainment has extended its NAB facility agreement maturity to July 2027, reinforcing its financial flexibility and growth ambitions. This move underscores a strong partnership with NAB amid betr’s evolving wagering business.

Betr Entertainment Limited reported a robust 25% headline turnover growth in Q2 FY26 despite a $13.2 million EBITDA loss in H1 due to customer-friendly racing outcomes and strategic investments. The company targets a positive EBITDA turnaround in H2 FY26 and FY27, supported by organic growth, Sky Racing integration, and a new share buyback program.

betr Entertainment reported a $13.2 million EBITDA loss in H1 FY26 due to strategic investments and favourable customer outcomes but projects a strong rebound with a $13-19 million EBITDA target for FY27.

betr Entertainment has reported a robust 24.5% increase in turnover for Q2 FY26 alongside a strategic on-market share buy-back of up to 10%, signalling confidence in its intrinsic value and growth prospects.

Betr Entertainment Limited reported a strong start to FY26 with a 10.5% net win margin and 27% turnover growth, supported by significant marketing investments and product innovation.

betr Entertainment Limited has declared its off-market takeover offer for PointsBet Holdings Limited unconditional following key shareholder approvals, setting the stage for the offer’s scheduled close on 25 September 2025.

betr Entertainment has issued its fourth supplementary bidder’s statement, addressing PointsBet’s recent assertions and confirming key financial consents and cash flow positions amid its ongoing takeover offer.

Betr Entertainment has raised its takeover offer for PointsBet shares and announced a $90 million selective buy-back to provide liquidity for shareholders, despite a major shareholder's refusal to sell. An Independent Expert finds the buy-back reasonable but notes marginal unfairness.

betr Entertainment Limited has increased its takeover offer for PointsBet Holdings Limited shares, raising the share exchange ratio and expanding its selective buy-back pool to $90 million. Despite MIXI Australia Pty Ltd's refusal to accept the offer, betr's board remains confident and urges shareholder approval at the upcoming meeting.

The Takeovers Panel has declined to intervene in PointsBet’s issuance of over 10 million new shares during a fierce takeover contest, affirming the board’s discretion amid competing bids from betr and MIXI Australia.

betr Entertainment has lodged a formal application with the Takeovers Panel, contesting PointsBet’s board decision to accelerate vesting of performance rights amid competing takeover bids, a move that significantly boosted MIXI’s voting power.