Betr Executive Chairman Matthew Tripp used the company’s AGM to outline the company’s financial improvement and strategic repositioning.
Betr Executive Chairman Matthew Tripp used the company’s 2025 AGM to outline a year of gains for the company, with rapid expansion, financial improvement and strategic repositioning top of the list.
In the address, Tripp told shareholders the business had moved through a pivotal phase and entered FY26 with its strongest footing to date.
Tripp said the year was defined by the merger of BlueBet and Betr, the integration of the TopSport customer database, and an attempted, but unsuccessful, takeover of PointsBet.
While the company did not secure control of PointsBet, he said Betr now holds a strategic parcel of shares, has attracted new influential investors and expanded financing support through a facility with National Australia Bank extended to July 2026.
He described this combination of outcomes as a fortuitous position that strengthens the company’s ability to participate in further market consolidation.
Tripp told shareholders the company exceeded all operational milestones set during the merger process.
Synergies outperformed original forecasts by 20%, the business exited the US market on favourable terms, and structural Net Win margin uplift was achieved across both the Betr and TopSport customer bases.
Normalised EBITDA reached A$7.2m for FY25, surpassing market expectations by more than 15%.
He said Betr now benefits from record turnover levels, improved app performance and product innovation, stronger brand positioning and an enhanced focus on data, AI and CRM.
Tripp stressed that the company’s proactive safer-gambling commitments remain integral, using data tools designed to elicit early signs of risk and maintain regulatory confidence.
CEO: Betr delivering double-digit growth
CEO and newly appointed executive director Andrew Menz reinforced that FY25 had been transformational.
He noted that the business demonstrated its ability to execute complex integrations while maintaining strong performance in its core wagering operations.
Menz said Betr enters FY26 with clear momentum, delivering sustained double-digit turnover growth in a market showing modest overall improvement.
He added that the company is acquiring customers at scale, retaining them at increasing rates, and benefitting from a structural margin advantage tied to its CRM and AI capability.
Menz outlined three strategic priorities for the coming year: continuing to consolidate the Australian market through disciplined M&A, investing in high-return growth initiatives, and expanding the company’s leadership in data-driven wagering systems.
He emphasised that regulatory excellence, transparent engagement with government and adherence to safer-gambling principles remain non-negotiable components of the company’s operating model.
Both executives credited Betr’s workforce for navigating a demanding year marked by mergers, migrations and operational scaling, saying the team consistently operated with aplomb under pressure.
Menz closed by stating that Betr’s ambition to become a Tier-1 Australian wagering operator remains firmly on track, supported by a strategy that has already shown measurable results.