BetMakers Reports Improved Efficiency and Reduced Losses in Q2 FY2025
BetMakers has reported a important improvement in operational efficiency. The company’s adjusted EBITDA loss decreased by 69% to AU$300,000, marking substantial progress in its transformation strategy.

Transformation Strategy Yields Results
BetMakers’ Executive Chair Matt Davey highlighted the “significant results” stemming from the company’s transformation strategy. Implemented throughout 2024, these initiatives included a 6.4% reduction in staff costs. A $3 million debt facility with Tekkorp Holdings, secured in November, further bolstered financial flexibility.
Despite a slight revenue decrease from AU21.33 million to AU20.05 million, BetMakers’ adjusted EBITDA improved significantly. The company’s gross profit margin also saw an increase of 3.7%, rising from 57.8% to 61.6%. These improvements were supported by a AU$5.1 million reduction in total staff costs during H1 FY2025.
Focus Shifts to Growth
Davey noted that the company has made substantial improvements to its operating efficiency and leverage. He added, “Whilst we continue to execute with tight cost discipline, our focus has now turned to growth.” Net cash used in operating activities improved by 43% quarter-over-quarter, reaching AU1.3 million. The company’s closing cash balance for Q2 FY2025 stands at AU20.8 million, with AU$8.9 million unrestricted.
BetMakers CEO Jake Henson expressed excitement about the company’s progression towards positive cash flow generation stated:
“We are excited about our product offering and the increasing reach of our technology solutions across the global wagering ecosystem.”
The company anticipates reaping the rewards of its investment in technology and developing market-leading products.