Highlights

  • Q1 FY27 turnover rose 19.1% to $432.3 million.
  • Net Win increased 14.9% for the financial year to date.
  • Margin rebounded strongly in October after customer-friendly results in Q1.
  • FY27 guidance of $13–19 million normalised EBITDA and positive operating cash flow was reaffirmed.

betr Entertainment Limited (ASX:BBT) has released its Q1 FY27 results and trading update, reporting strong turnover growth and a rebound in margin during October. The digital wagering operator also reaffirmed its FY27 guidance.

Q1 FY27 Trading Performance

Turnover for the three months to 30 September 2026 rose 19.1% to $432.3 million. Net Win increased 14.9% for the financial year to date.

CEO Andrew Menz said the growth reflected investment in product and brand converting into customer activity heading into the spring racing season. Products such as Wildcards are attracting new high-quality customers and winning a larger share of wallet.

Margin Rebound in October

The first quarter included some customer-friendly results, which affected margin. Mr Menz said margin has rebounded strongly in October to date.

The trading figures are unaudited and cover the period up to and including 26 October 2026.

FY27 Guidance and Regulatory Outlook

betr reaffirmed its FY27 guidance of normalised EBITDA of $13 million to $19 million and positive operating cash flow. Operating cash flow is expected to broadly mirror normalised EBITDA, weighted to the second half.

The guidance assumes historical Net Win margins above 10% and no material changes to regulation, taxation or cost of sales. The company expects upcoming regulatory reforms not to materially affect its trading and says it is ready for the changes.

Key Takeaways

  • Turnover growth shows strong customer activity heading into spring.
  • October margin has recovered after a softer Q1 margin.
  • FY27 EBITDA guidance of $13–19 million remains in place.
  • betr expects regulatory reforms to have limited impact on trading.