betr Entertainment (ASX:BBT) has released a trading update for the three months ended Dec. 31, 2025, based on preliminary, unaudited figures, highlighting robust growth in customer activity and turnover.
For Q2 FY26, the group recorded a 24.5% increase in turnover compared with the prior corresponding period, driven by an expanded base of 163,504 active customers.
Net win margins were impacted by industry-wide, customer-friendly outcomes during the peak Spring Racing Carnival, falling 1.2 percentage points below the company’s target range.
Despite this, management noted a return to trend with a net win margin of 11.0% in December 2025, outperforming the prior year by 1.2 percentage points, with January trading continuing to show higher margins.
On strategic initiatives, betr confirmed its commitment to scaling in the Australian market, both organically and through disciplined mergers and acquisitions.
The company is in active discussions with potential partners and will provide appropriate disclosures as negotiations progress.
In terms of capital allocation, betr intends to undertake an on-market buy-back of up to 10% of its fully paid ordinary shares, citing the Board’s view that current share prices are below intrinsic value.
At the time of reporting, betr Entertainment's share price was $0.26.