BetMakers Technology Group hailed the impact of its Apollo sports betting product suite in driving record results for the company in Q3.
A trading update released on Thursday said BetMakers delivered its best quarterly operating cash flow as a listed company in the most recent quarter.
The group generated positive adjusted EBITDA of AU$1.2m, while gross margin for April was 65.2 per cent, up from 63.9 per cent in Q2 and moving closer to BetMakers’ target of 70 per cent.
The company said that, with its Apollo suite, total bets placed per month are up approximately 50 per cent, and active users on the Apollo platforms are up by around 35 per cent.
“It's great to see the business continue to perform in line with our record quarter in Q3 FY25,” said Matt Davey, executive chair of BetMakers. “We are now seeing financial results from a much cleaner business, with the Apollo deployment and FY25 restructuring initiatives complete.
“Our competitive market position is improving nicely, driven by our upgraded technology and operating efficiency. We anticipate this momentum to compound our market advantage.
“We are excited about FY26 and look forward to bringing further updates on our progress with the FY25 financial results.”
Key recent upgrades to the Apollo suite include machine learning-based pricing models, Native Same-Game Multi and a strategic Sky Racing partnership.
