Betr Entertainment delivered a modest but stable performance in Q3 FY26, with sales rising and profitability returning to its target margin range.
Betr Entertainment’s quarterly turnover of A$383m represents a 2% year-on-year increase, with gross win amounting to A$38.2m. The company had cash reserves of A$28.7m as at 31 March 2023, while cash outflow for the quarter was A$8.9m driven mainly by one-off costs related to restructuring efforts.
The results show signs of greater operating stability as a result of Betr’s departure from the US market and a renewed focus on its Australian operations.
The number of active customers increased between 25 and 35% due to successful marketing campaigns and a new brand image. At the same time, total marketing expense declined 10.7% due to reduced spending on ineffective promotional campaigns.
CEO Andrew Menz stated that there had been an improvement in customer quality and operational efficiencies, as well as ongoing growth opportunities in the Australian market.
The company maintained its outlook for H2 FY26, estimating normalised EBITDA of between A$5m and A$8m. Normalised EBITDA for FY27 is forecasted to be between A$13m and A$19m, with mid to high single digit revenue growth projected from continued product development and better customer engagement.
Despite positive operational updates, investor sentiment was muted, with shares trading flat at A$0.18, within 1 cent of the low for the last six months of A$0.17, and considerably lower than the high over the same period of A$0.28 reached in late January.
Andrew Menz reiterated that the company remains committed to disciplined spending rather than pursuing market share through increased incentives.
