Sydney-listed BetMakers Technology Group has reported a 14 per cent increase in revenue to A$22.9 million for its fiscal second quarter ended 31 December 2025, driven by growth in digital and content revenue.

The company said that its transition towards a high-margin, technology-led model is clearly reflected in its financial performance, as gross profit improved 23 per cent to A$15.2 million and adjusted EBITDA reached $2.7 million – the fourth consecutive quarter of positive adjusted EBITDA.

“The Q2 FY26 results underscore the consistent performance of the business in the last 12 months, delivering a $3.0 million increase in adjusted EBITDA compared to the prior corresponding period,” said BetMakers executive chair Matt Davey. “This structural improvement, which saw our gross margin expand to 66.4 per cent, is a direct result of our disciplined focus on high-margin, technology-led revenue. 

“Having successfully navigated the transition phase, the company is now operating from a more resilient financial footing. Our focus is on accelerating growth by leveraging our core technology platform to secure new market leading customers globally.”

During the quarter, BetMakers secured three landmark agreements, including a new global racing partnership with Stake.com, a multi-year renewal and expansion with PENN Entertainment, and a key technology partnership with CrownBet.

“This quarter was defined by strong commercial execution and continued operational discipline,” said BetMakers CEO Jake Henson. “We successfully secured three landmark agreements with Stake.com, PENN Entertainment, and the CrownBet platform agreement, all of which validate BetMakers as the preferred racing led technology partner for wagering operators globally. 

“These deals, combined with our 14 per cent revenue growth for the quarter, provide a solid foundation as we move into the second half of the fiscal year. We remain committed to driving scalable growth from our proprietary technology, including our Apollo platform and market leading tote technology, while maintaining the cost efficiencies that have led to four consecutive quarters of positive adjusted EBITDA.”

BetMakers expects to complete the acquisition of Nevada-based horse and greyhound pari-mutuel wagering provider LVDC during Q3 FY26, accelerating its growth strategy in the US.

Shares in BetMakers Technology Group Ltd (ASX:BET) closed 2.50 per cent lower at A$0.20 per share in Sydney Thursday.