BetMakers is turning the tide. The company posted its strongest cash performance yet. It’s all about that BetMakers operating cash flow.

  • BetMakers reported a quarterly operating cash flow of $3.0 million, a $4.3 million improvement compared to the previous quarter. This marks its highest quarterly cash performance since listing. Revenue also saw a 3.7% QoQ increase, showing momentum across operations.
  • Gross margin climbed to 63.9%, rising from 61.6% in the previous quarter and 57.8% in Q1 FY25. This was achieved alongside a reduced cost base, with the adjusted EBITDA now running at a $5 million annualised rate. Restructuring and severance costs of $0.6 million were absorbed this quarter.
  • Cash reserves are strong, with unrestricted cash at $9.8 million and a total closing cash balance of $25.9 million. The reduction in costs aligned with earlier guidance, with an adjusted annualised operating cost base now at $53.9 million. One-off restructuring costs were excluded from this figure.
  • Key partnerships continued, including a marquee deal with Sportradar and a renewed agreement with the UK Tote through 2029. New international installations also progressed, including Norway, Argentina, Malaysia, and an upcoming Chile launch. Australian operators betM and Dabble expanded their use of BetMakers technology.
  • BetMakers operating cash flow and strategic initiatives were boosted by global expansion into markets like North America, Europe, Africa, and Asia. New B2B sportsbook integrations and partnerships with providers like Sportingtech and ColossusBets are underway.
  • The company expects minimal impact from anticipated U.S. tariffs as most of its offerings are digital and already active in the U.S. It also maintains financing flexibility via a US$3M facility with Tekkorp Holdings.
  • “We are very excited about the base from which we now launch our growth phase,” said CEO Jake Henson. “Our teams are engaged and operating at new levels.”

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