Tabcorp has reported revenue of A$2.6bn (£1.4bn) in its full-year 2026 results ahead of the Australian giant’s acquisition of BetMakers.
The majority of the revenue was derived from the operator’s wagering and media arm to the tune of A$2.5bn.
Management noted a 0.9% year-on-year (YoY) increase in domestic wagering revenue to A$2.1bn brought about by “improved trading conditions over the year”, although this was partially offset by “below average yields” in H1.
International wagering revenue decreased 3.7% YoY to A$223.7m due to “softer trading in international markets”, namely Hong Kong, in the second half of the year.
Media revenue increased 1.9% YoY to A$377.8m, “driven by strong international export performance, partially offset by softer domestic digital revenue”, management added.
Tabcorp’s integrity services division contributed a further A$181.6m, an increase of 3.3% YoY.
Group EBITDA for the period came to A$431.7m, up 10.3%, leaving an EBITDA margin of 16.4%.
Operating expenses for the year totalled A$700.7m, up 0.5% YoY, with the impact of the reformed Victorian Wagering and Betting Licence structure cited as a contributing factor.
Across the year, Tabcorp has rolled out a new retail commercial model in addition to introducing new betting terminals and a TAB LIVE in-play offering.
The operator is also set to deliver a new National Tote product by the end of the year, with a prospective launch earmarked for the Spring Racing Carnival 2026 which runs from 29 August to the end of November.
The reporting period also saw Tabcorp seal its acquisition of Australian B2B firm BetMakers in a deal worth A$267m.
Tabcorp highlighted the benefits of the deal will include a quicker modernisation of the operator’s tech stack, as well as increasing operating efficiency.
Managing director and CEO Gillon McLachlan remarked that the results show Tabcorp is ready to move on to the next phase of its three-point growth plan.
He said: “Midway through our turnaround journey, we’re executing on the plan, continuing to exercise cost and capital discipline and the company is delivering earnings growth.
“The first two stages of our transformation were to get fit and operationalise our game plan. We’ve done that and we’re ready to enter the growth phase of our transformation.
“Our proposed acquisition of BetMakers will accelerate our strategy, allowing us to release products faster more cheaply while using BetMakers’ complementary global assets to grow our international revenue opportunities.
“Tabcorp is cooperating transparently with AUSTRAC during its ongoing investigation, at the same time as continuing to uplift our financial crime maturity and capability.
“We remain on a journey of continuous improvement. We have a relentless focus on enterprise-wide improvement every day and that will continue in FY 27.”
Earlier this month, Australia’s Labor government passed a series of gambling advertising reforms.
The new restrictions include a limit of TV ads to three-per-hour between 5am and 8.30pm, introducing an opt-out option for online advertising and phasing out sporting sponsorships.
McLachlan spoke in favour of the reforms on Tabcorp’s earnings call, adding: “In an absolute sense, they are a sensible set of reforms and our outlook factors that in.
“The reforms target areas where they should, which is those with vulnerabilities, and ultimately allows businesses to promote sensibly and the industry to grow. I believe we’re very well positioned. We agree with the majority of the recommendations, and in part are already there.”
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Operator benefits from improved trading conditions over the year as it looks to “enter the growth phase of our transformation”
The post Tabcorp reports FY 2026 revenue of A$2.6bn as BetMakers acquisition looms first appeared on EGR Intel.