BetMakers Technology Group (ASX:BET) Lifts FY26 EBITDA Amid Tabcorp Acquisition Proposal Developments

Aditi Sarkar

06 November 2026 10:33 PM AEDT

BetMakers Technology Group (ASX:BET) Lifts FY26 EBITDA Amid Tabcorp Acquisition Proposal Developments

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Highlights

BetMakers Technology Group reported FY26 Revenue of $92.6 million, an 8.8% increase supported by digital expansion and Crown Partnership contributions.
Adjusted EBITDA climbed 205% to $14.1 million, while the adjusted gross Margin improved to 66.9% from 64.1% in FY25 results.
BetMakers narrowed its statutory net loss after tax from $25.3 million to $5.2 million during the completed FY26 reporting period.
BetMakers signed a Scheme Implementation Deed with Tabcorp Holdings on 10 August 2026, concerning the proposed Acquisition of BetMakers shares.

BetMakers Technology Group Limited (ASX:BET) is a global provider of technology solutions for the racing and wagering industry. The company serves racing operators and wagering providers across multiple jurisdictions, offering a suite of products including fixed odds trading, pooled wagering, and digital betting platforms.

FY26 Financial Results

BetMakers Technology Group reported FY26 revenue of $92.6 million for the year ended 30 June 2026, up 8.8% (or 11.2% on a constant currency basis) from $85.1 million in FY25. Adjusted gross margin expanded from 64.1% in FY25 to 66.9% in FY26, reflecting the company's improved revenue mix and cost discipline following its strategic transformation. Adjusted EBITDA of $14.1 million represented a 205% increase on the prior year, demonstrating significant Operating Leverage as the Business scaled. The statutory net loss after tax narrowed to $5.2 million, a substantial improvement from $25.3 million in FY25.

Commercial Momentum and Partnerships

FY26 saw BetMakers continue to execute on its technology-led repositioning. The launch of partnerships with Crown in February 2026 and ongoing digital channel expansion drove top-line growth in the second half. The restructuring of the Penn contract, announced in December 2025, improved gross margin profile in the second half of FY26. For the final quarter of FY26, BetMakers achieved Adjusted EBITDA of $4.5 million at an 18% margin, the highest quarterly performance in the company's history.

Tabcorp Acquisition Proposal

On 10 August 2026, BetMakers entered into a binding Scheme Implementation Deed with Tabcorp Holdings Limited (ASX:TAH), under which Tabcorp proposed to acquire 100% of BetMakers shares on issue. The proposed acquisition represents a significant corporate development for BetMakers and its shareholders. The company's FY26 results were released on 31 August 2026, alongside the ongoing scheme process. BetMakers has established itself as the global Market Leader for racing technology solutions, connecting racing operators with wagering providers across numerous jurisdictions worldwide.

Stock Price Information

Shares in BetMakers Technology Group Limited (ASX:BET) have been impacted by the proposed Tabcorp acquisition scheme process. As of 6 November 2026, BET shares were trading on the ASX. Investors should refer to ASX announcements at www.asx.com.au and scheme documentation for current pricing and transaction details.

FAQs

Q: What is the proposed Tabcorp acquisition of BetMakers?

A: On 10 August 2026, BetMakers Technology Group entered into a binding Scheme Implementation Deed with Tabcorp Holdings Limited, under which Tabcorp proposes to acquire 100% of BetMakers shares. Shareholders would need to vote in favour of the scheme at a Scheme Meeting for the acquisition to proceed.

Q: How did BetMakers achieve a 205% EBITDA growth in FY26?

A: BetMakers' Adjusted EBITDA grew 205% to $14.1 million in FY26 through a combination of revenue growth (up 8.8%), margin expansion (gross margin 66.9%), flat operating expenses despite revenue growth, and the contribution of new commercial partnerships including Crown.

Q: What is BetMakers Technology Group's core business?

A: BetMakers Technology Group develops and operates technology platforms for the global horse racing wagering industry. Its solutions connect racing operators with wagering providers across fixed odds, pooled wagering, and digital channels in multiple countries.

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