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Home CompaniesBetr Entertainment Ltd

Betr Entertainment Ltd

Consumer Cyclical Gambling
PortfolioPortfolio WatchlistWatchlist
Company price
0.12 AUD 0.01 ( 4.35%)
Last update at 2026-11-12T05:10:00Z
VOLUME
688334
Market Cap
125.95M

Momentum Score

…

Betr Entertainment Limited provides sports and racing betting products and services to online and telephone clients, via its innovative online wagering platform, and mobile applications in Australia and North America. It operates its platform under the betr, BlueBet, and TopSport brand names. BETR Entertainment Limited was formerly known as BlueBet Holdings Ltd and changed its name to Betr Entertainment Limited in April 2025. The company was founded in 2015 and is headquartered in Sydney, Australia.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
0.12
Low
0.12
High
52 Week Price Range
0.12
Low
0.28
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Betr Entertainment Ltd (ASX:BBT) is an Australian-listed company for which public disclosures provide limited detail about its operating activities and strategic plan; available filings do not clearly define its core business or revenue model. Because of sparse disclosure, long-term growth drivers are not well documented; investors may find potential upside if the company releases material commercial contracts, clearer operating updates or sustainable revenue streams.
Key investment risks are the company's limited transparency and information flow, typical small-cap liquidity and governance risks, and uncertainty over operations and financing.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.12
Dividend Yield
-
Revenue TTM
143.76M
Revenue Per Share
0.14
Gross Profit TTM
51.30M
Debt / Equity
0.29
ROE
-24.53%
Net Debt
11.14M
ROCE
-16.71%
Diluted EPS TTM
-0.04

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -40.76M -19.45M -8.71M -21.57M -6.30M
Net income -40.17M -6.80M -46.92M -18.83M -6.07M
Selling general administrative 61.73M 6.43M 18.81M 34.89M 12.13M
Selling and marketing expenses - 19.48M 13.57M - 13.91M
Gross profit 5.65M 54.73M 6.65M 29.73M 31.97M
Reconciled depreciation 12.89M 9.45M 5.83M 2.77M 0.77M
Ebit -28.82M -9.85M -48.24M -21.68M -6.30M
Ebitda -15.93M -4.20M -42.41M -18.33M -5.53M
Depreciation and amortization 12.89M 5.65M 5.83M - 0.77M
Operating income -28.82M -5.13M -4.67M -16.77M -6.30M
Other operating expenses 172.58M 127.72M 62.26M 2.72M 56.10M
Interest expense 4.10M 2.94M 1.40M 0.47M 0.01M
Tax provision -0.12M -4.63M -2.73M -2.74M -0.23M
Interest income 1.26M 0.28M 0.20M 0.53M 0.18M
Net interest income -3.54M -2.66M -1.20M 0.01M 0.13M
Extraordinary items - 8.02M -40.94M - -
Income tax expense -0.12M 4.63M -2.73M -2.74M -0.23M
Total revenue 143.76M 132.04M 57.59M 53.93M 54.63M
Total operating expenses 34.47M 50.41M 11.31M - 33.44M
Cost of revenue 138.11M 77.30M 50.94M 24.20M 22.66M
Total other income expense net -11.94M -14.33M -4.04M -4.80M -4.97M
Net income from continuing ops -40.64M -14.82M -46.92M -18.83M -6.07M
Net income applicable to common shares - -6.80M -46.92M -18.83M -6.07M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 213.75M - 37.51M 55.09M 58.21M
Intangible assets 46.77M 49.40M - 24.67M 5.82M
Other current assets 2.46M 0.14M 1.51M 0.15M 0.07M
Total liab 80.50M 84.60M 34.08M 26.24M 12.85M
Total stockholder equity 133.25M - 3.43M 28.85M 45.37M
Other current liab 24.40M - 10.64M 8.54M 5.87M
Common stock 253.82M - 67.14M 47.81M 47.81M
Capital stock 253.82M - - 47.81M 47.81M
Retained earnings -118.99M -78.81M -71.55M -24.63M -5.80M
Other liab - - - 9.54M 0.36M
Good will 40.22M - - - -
Other assets - - - 4.43M 0.84M
Cash 27.58M - 24.49M 22.70M 47.27M
Total current liabilities 41.25M 72.66M 19.32M 16.14M 11.69M
Current deferred revenue - - - - 2.26M
Net debt 11.14M - -23.91M - -45.98M
Short term debt 1.24M - 0.44M - 0.49M
Short long term debt 0.03M 33.32M - 0.03M 0.11M
Short long term debt total 38.72M - 0.58M - 1.28M
Other stockholder equity - - - 5.68M 3.36M
Property plant equipment - - - 1.45M 1.85M
Total current assets 31.10M - 26.99M 23.70M 49.70M
Long term investments 90.13M - - 1.31M 0.09M
Net tangible assets - - - 4.18M 39.55M
Short term investments 0.16M 0.19M - - -
Net receivables 1.07M - 0.99M 0.41M 0.63M
Long term debt 33.80M - - 0.17M 0.00M
Inventory - - - - 1.73M
Accounts payable 15.61M 14.16M 8.24M 5.95M 5.33M
Accumulated other comprehensive income -1.59M - 7.84M - 3.36M
Non currrent assets other 0.09M 0.09M 3.24M 0.05M -
Non current assets total 182.64M - 10.52M 31.39M 8.51M
Capital lease obligations 4.90M 5.59M - 0.81M 1.17M
Long term debt total - - - - 0.79M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -69.85M -3.33M -0.84M -6.63M
Change to liabilities - - - -2.34M 2.44M
Total cashflows from investing activities -8.96M -69.85M -3.33M -10.50M -6.63M
Net borrowings -0.10M 48.86M - - -0.03M
Total cash from financing activities -42.66M 169.66M 18.26M - -1.24M
Change to operating activities - - - 1.11M 1.68M
Net income -40.64M -6.80M -46.92M -18.83M -6.07M
Change in cash -77.30M 80.39M 1.79M -24.57M -8.84M
Begin period cash flow 104.88M 24.49M 22.70M 47.27M 56.10M
End period cash flow 27.58M 104.88M 24.49M 22.70M 47.27M
Total cash from operating activities -25.69M -19.31M -13.35M -14.22M -0.97M
Issuance of capital stock - 129.44M 19.25M - -
Depreciation 12.89M 9.45M 5.83M 1.31M 0.44M
Other cashflows from investing activities - -77.86M -3.28M - -
Change to account receivables 0.28M -0.40M -0.55M -0.14M -0.44M
Sale purchase of stock -41.33M -7.00M - - -1.21M
Other cashflows from financing activities -1.23M -6.21M -0.54M - -0.03M
Change to netincome - - - 2.24M 2.83M
Capital expenditures 0.30M 0.41M 3.33M 0.12M 6.63M
Change in working capital -1.59M 8.94M 1.14M - -71.07M
Stock based compensation - 2.82M 2.78M - -
Other non cash items 3.65M -33.71M 23.82M - -
Free cash flow -25.99M -19.71M -16.68M -23.89M -6.63M

Peer Comparison*

Sector: Consumer Cyclical Industry: Gambling

Stock Name
Change
(AUD)
Price
(AUD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
BBT
Betr Entertainment Ltd		 0.01
4.35%		 0.12 - - 0.88 0.98 0.99 -4.34
ALL
Aristocrat Leisure Ltd		 -0.87
1.32%		 65.02 27.87 23.87 6.22 6.23 6.31 13.26
TLC
The Lottery Corporation Ltd		 -0.02
0.36%		 5.47 42.31 34.60 3.42 45.93 3.95 21.22
LNW
Light & Wonder Inc		 0.24
0.20%		 122.24 24.29 9.54 2.64 20.88 3.46 10.36
TAH
Tabcorp Holdings Ltd		 -0.03
2.76%		 0.88 46.00 24.10 0.80 1.65 0.99 6.53

Profile*

Betr Entertainment Ltd

Betr Entertainment Limited provides sports and racing betting products and services to online and telephone clients, via its innovative online wagering platform, and mobile applications in Australia and North America. It operates its platform under the betr, BlueBet, and TopSport brand names. BETR Entertainment Limited was formerly known as BlueBet Holdings Ltd and changed its name to Betr Entertainment Limited in April 2025. The company was founded in 2015 and is headquartered in Sydney, Australia.

8 Spring Street, Sydney, NSW, Australia, 2000

61 2 9571 0033

https://www.bluebet.com.au

Name Title Year Born
Mr. Michael Sullivan Exec. Chairman NA
Mr. William Richmond CEO & Director NA
Mr. Darren Holley Chief Financial Officer NA
Mr. Jake Francis Sr. VP Operations for Americas NA
Mr. Sean Phinney Sr. VP Marketing for Americas NA
Ms. Laura Newell Company Sec. NA
Mr. Michael Sullivan Executive Chairman NA
Mr. William Richmond MD, CEO & Director NA
Mr. Jake Francis Senior Vice President Operations for Americas NA
Mr. Sean Phinney Senior Vice President Marketing for Americas NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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