betr Entertainment Posts Higher Q2 Fiscal 2026 Turnover, Lower H1 EBITDA

MT Newswires Live

01/29

betr Entertainment (ASX:BBT) reported fiscal second quarter turnover of AU$444.4 million, up from AU$357 million a year ago, according to a Thursday Australian bourse filing.

The company reported a fiscal first-half of 2026 loss before interest, tax, depreciation, and amortization of about AU$13.2 million, impacted by lower racing and sports results and a one-off investment in brand relaunch.

The company said it targets normalized earnings before interest, tax, depreciation, and amortization (EBITDA) of AU$5 million to AU$8 million for the second half of fiscal 2026, and EBITDA of AU$13 million to AU$19 million in fiscal 2027.

The company reported a net win of AU$37.9 million in the quarter, down from AU$39.2 million a year ago, while net win margin fell to 8.5% from 11% a year ago.

The company said that trading margins have returned to trend since December, with a net win margin of about 11% across December and January month-to-date.

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