Tabcorp has championed its investment into fellow Australian operator Dabble after the brand delivered a share of profits to the ASX-listed firm for the first time.
As per Tabcorp’s full-year 2025 earnings report, Dabble was profitable in the 12 months ending 30 June 2025.
This led to a contribution of A$3.8m (£1.8m) in equity accounted profit for Tabcorp. Tabcorp’s net profit after tax before significant items for the period came to A$49.5m.
Tabcorp plunged a A$33m investment into Dabble in October 2022. The operator’s total investment into the business to date stands at A$35.6m.
The firm holds a 20.3% fully diluted equity interest in Dabble, which has expanded into the US and UK from its Australian heartlands.
Dabble’s full-year 2025 revenue came to A$274m, while the brand has 804,000 active global players.
The operator moved into the US with its DFS product before launching its sports betting product in the UK in May 2025.
Dabble has carved out a niche by blending social media aspects with its sports betting product.
Features on the Dabble app include being able to follow what your friends are betting on, a copy bet feature and odds boosts via a mini crash game.
Tabcorp’s earnings report stated: “Dabble’s technology platform continues to deliver a high level of performance as the business adds significant volume and active customer growth in Australia, US and now the UK.”
Speaking on the analyst call following the report’s release, Tabcorp CEO Gillon McLachlan and CFO Mark Howell were asked about the investment, and if more capital would be required by Dabble.
McLachlan said: “The business is performing well. We’re happy with our investment and we don’t think there’ll be any more capital required from us.
“At the moment it’s just a passive financial investment. I understand the theories behind that question. It’s an investment that was made a few years ago. I think it’s going to end up being a good investment for Tabcorp. That’s how we’re looking at it.”
Howell added: “It’s the first time since we invested that we’ve actually had a share of profits, which is testament to where the business is at and how quickly it is growing.
“We are pleased with our investment in Dabble and I think since we’ve invested, revenue growth is north of 5x from where it was originally. We’re obviously pleased with how that investment is going.”
Last October, media reports in Australia suggested that Dabble was exploring an IPO in Australia or the US, with aims to quadruple revenue by 2027.
The post Tabcorp “pleased” with Dabble investment as FY25 revenue hits A$274m first appeared on EGR Intel.
Operator contributed share of profits to Tabcorp for the first time since October 2022 investment, with global active players for the challenger brand now above 800,000
The post Tabcorp “pleased” with Dabble investment as FY25 revenue hits A$274m first appeared on EGR Intel.