🇦🇺 Australian sports betting operator Betr Entertainment posted a statutory loss of A$40.2m for FY26, after spending heavily on its brand relaunch and platform integration.
The ASX-listed bookmaker recorded A$1.59bn in customer turnover for the year to 30 June, 12.3% above FY25. Net win rose 7% to A$158.1m, while gross win increased 10.1% to A$215.7m.
The higher turnover did not produce a full-year profit. Betr reported a normalised EBITDA loss of A$7.1m, compared with a A$7.2m profit a year earlier. Betr CEO Andrew Menz explained: “FY26 was a year of deliberate investment followed by disciplined execution. In the second half we converted that investment into delivery with a A$19.3m EBITDA turnaround between H1 and H2.”
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August 27, 2026 229
