That marked an 89.3% increase compared to last year’s A$2.4m EBITDA for Q4.
Among others, the Australian supplier began working with Stake and BetConstruct during this period, helping it to year-on-year revenue growth of 9.4%, from A$22.1m to A$24.2m.
Gross margin was healthy too, landing at a strong 68.5%.
Management has stated that 10% annual revenue growth, 70% gross margin and a 25%+ adjusted EBITDA margin remain the company’s key targets for the next three-to-five year period.
On all three counts, the company is only slightly shy already, and it appears to be moving in the right direction to achieve those goals in short order.
Looking to the next stage of growth, BetMakers CEO Jake Henson asserted his belief that the company’s “market-leading technology, expanding verticals and our focus on high-margin, technology-led growth, positions us very well as we head into FY27.”
Executive chair Matt Davey also celebrated the sustained revenue growth and improving margins, stating that it “is exactly what we set out to deliver this year.”
What drove BetMakers’ success?
Although it did not set out figures for individual partnerships, BetMaker’s deal with major global operator Stake may have had a significant direct uplifting impact on the supplier’s fortunes in Q4.
That deal was signed in December 2025 to help expand Stake’s horse racing product, though was only fully integrated during this quarter.
It runs for three years with an option for two more, and grants the online betting and gaming giant access to BetMaker’s fixed-odds pricing, tote and trading capabilities.
The arrangement also includes global racing content, rights-holder data procurement, racing streaming and all of BetMakers’ Racelab products.
Stake is one of the largest online gambling platforms in the world. Despite its established global presence, its horse racing product is comparatively new, having only launched in 2024.
The deal with BetMakers marked a significant step in facilitating the growth of the vertical and may have been a significant driver of revenue for the supplier.
Complemented by new or extended tech deals with CrownBet, ATG, BetConstruct, Evoke and UK Racing, it is clear to see how BetMakers was able to continue its upward curve in Q4.
Henson added: “Throughout FY26, we focused on supporting leading operators and expanding our product suite, while maintaining tight control of our cost base, and Q4 reflects that approach. We deepened our partnerships globally and brought key customers: Stake, CrownBet and Dafabet.com.au to market.”
Dingnews.com 31/07/2026