Betmakers Technology Group Ltd (BET) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Well, good morning everyone. It gives me great pleasure to bring you the first half FY26 update on BetMakers Technology Group. Presenting today is myself, Executive Chair and President of the company and accompanied by Jay Kenson, Chief Executive Officer. So, the real pleasure here is to be able to deliver results from a technology driven turnaround. that has allowed us really to start compounding on the great work that the team have done over the last two years. You can see this directly in the numbers today, but we'll also talk through the products and the customer impact and our competitive positioning in the marketplace. From the numbers, you can see we delivered the first six-handle and a half-year EBITDA result with $6 million. It's quite the turnaround from the $1.3 million loss in the first half of FY25. This is driven in part by a double-digit top-line revenue growth of $46.1 million and expanding gross margins by another 10% to 66.5%, again reflecting the great work that the team have done to make this business more efficient and deliver better return on our invested capital. A lot of this is driven by the existing customers, but also by new product and new technology. There's no better example of the benefits and the market perception of that than demand by customers. And so over the last six months, we've signed up phenomenal customers such as Stake as well as Crownbet. and continuing to deliver a significantly strong pipeline of customers going forward. In addition to that, we've also closed on our acquisition of LVDC and we think that opportunity unlocks an enormous amount of additional customer benefits throughout the US market. On the back of that, we will give you some comments around our recent deals and strategic opportunities that we see in the co...