BlueBet said it reached a “critical inflection point” in November, finishing the month with positive EBITDA.
CEO Andrew Menz noted the achievement came within three months of the merger with betr.
The company said the merger has provided a “step change in scale and realisation of upgraded synergies.”
BlueBet said it “outperformed the market” during the Spring Racing Carnival period with a net win margin of 12.8 per cent.
“Our strong quarter-to-date results in Q2 show continued strong momentum from Q1, reinforcing the significant opportunity in front of us as we continue the strategic reactivation of the large betr database,” Menz added.
Between October 1 and November 30, the company reported a 131 per cent increase in turnover and a 149 per cent jump in gross win.
