BetMakers reports Q3 increases in revenue and profit
Australian sports betting company BetMakers has issued a positive trading update reflecting improving financial returns for April, after a strong third quarter of the 2024-25 financial year.
The update showed that BetMakers’ gross margin increased from 63.9% in the quarter ending March 2025 to 65.2% in April. It also reported adjusted EBITDA of AU$0.8 million (US$513,000)1 AUD = 0.6409 USD
2025-05-22Powered by CMG CurrenShift in April, which was significantly higher than the second quarter figures, while operating cash flow reached AU$1.2 million (US$769,000)1 AUD = 0.6409 USD
2025-05-22Powered by CMG CurrenShift.
Looking forward, BetMakers stated that it was making progress towards its long-term gross margin target of 70% and expects to produce revenue growth and positive free cash flow in the next financial year, ending June 2026.
According to the update, the strong performance is partly due to the impact of the Apollo technology introduced earlier in the year. This technology has seen a 35% increase in active users and has driven a 50% increase in total bets placed per month.
Commenting on the update, BetMakers Executive Chair Matt Davey said, “We are now seeing financial results from a much cleaner business, with the Apollo deployment and FY25 restructuring initiatives complete. Our competitive market position is improving nicely, driven by our upgraded technology and operating efficiency. We anticipate this momentum to compound our market advantage.”
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