BetMakers Technology Group delivered a major improvement in profitability during FY26, with adjusted EBITDA more than tripling as revenue growth, tighter cost control and a stronger contribution from digital betting services supported the racing technology supplier.
For the financial year ended 30 June 2026, BetMakers generated revenue of AU$92.6m, an 8.8% increase from AU$85.1m in FY25. On a constant-currency basis, revenue was up 11.2%.
Adjusted EBITDA climbed 205.1% to AU$14.1m from AU$4.6m a year earlier, while the adjusted EBITDA margin expanded from 5.5% to 15.2%. The company also narrowed its statutory net loss after tax significantly, from AU$25.3m to AU$5.2m.
BetMakers attributed the improvement to continued restructuring, technology-led operating leverage and lower expenses. Operating costs declined to AU$49.4m from AU$52.5m, while adjusted gross margin increased from 64.1% to 66.9%, moving closer to the group’s longer-term 70% target.
Betting services drive growth
Performance varied across BetMakers’ main divisions.
The Global Tote business remained its largest revenue contributor at AU$49.3m, although this was down 2.3% from AU$50.6m in the previous year. In contrast, Global Betting Services revenue jumped 25.5% from AU$34.5m to AU$43.3m, supported by expansion of the company’s digital customer base and stronger activity in Australia.
The company has continued expanding its racing technology network internationally, with customers and partners including UK Tote Group, Racecourse Media Group, William Hill and Norway’s Rikstoto.
A three-year agreement with Stake is also supporting BetMakers’ international racing strategy. Through its RaceOdds+ solution, BetMakers is providing Stake with pricing and trading technology, global racing content, live streaming, data products and access to international tote pools.
The group has also strengthened its relationship with Sweden’s ATG. In July, BetMakers was selected to distribute nominated Swedish and Danish racing content, live vision and data to wagering operators across Australia and New Zealand.
Further international expansion continued in August through a partnership with France’s PMU, adding another major racing organisation to BetMakers’ network.
US expansion adds another growth channel
BetMakers is simultaneously increasing its exposure to the US market following the acquisition of Las Vegas Dissemination Company.
The transaction completed in February 2026 and gives BetMakers direct access to Nevada casinos, sportsbooks and other wagering customers. LVDC provides racing information, off-track betting processing and common-pool wagering services across the state. BetMakers previously estimated that the business could contribute approximately AU$4.5m in annualised revenue and reach EBITDA break-even during its first year under ownership.
The LVDC purchase contributed to costs during FY26, alongside expenses connected with BetMakers’ proposed transaction with Tabcorp. Costs related to the earlier Sportech acquisition have now been fully amortised.
Tabcorp transaction remains in focus
The FY26 results arrive as BetMakers progresses through its proposed acquisition by Australian wagering group Tabcorp.
The transaction, announced in August and valued at approximately AU$267m, is expected to reshape BetMakers’ ownership while bringing its racing technology assets into one of Australia’s largest wagering businesses. Completion remains subject to the required approval process and is expected later in the next financial year.
Until then, BetMakers is continuing to operate independently and is targeting further growth in digital revenue and EBITDA margins during FY27.
Its strategy centres on becoming a single technology infrastructure provider for racing operators, combining fixed-odds betting, tote connectivity, trading, data and risk-management services. The company is also continuing development of its Apollo and GTX platforms as it seeks to reduce operators’ technology costs while supporting larger-scale international deployments.
The FY26 figures suggest that the turnaround programme initiated several years ago is translating into substantially stronger operating performance, even as BetMakers prepares for a potentially transformative change of ownership.