Betr Entertainment (ASX:BBT) Gross Margin % : 45.22% (As of Dec. 2024)

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What is Betr Entertainment Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Betr Entertainment's Gross Profit for the six months ended in Dec. 2024 was A$27.83 Mil. Betr Entertainment's Revenue for the six months ended in Dec. 2024 was A$61.54 Mil. Therefore, Betr Entertainment's Gross Margin % for the quarter that ended in Dec. 2024 was 45.22%.

The historical rank and industry rank for Betr Entertainment's Gross Margin % or its related term are showing as below:

ASX:BBT' s Gross Margin % Range Over the Past 10 Years
Min: 51.08 Med: 57.43 Max: 58.52
Current: 51.08

During the past 3 years, the highest Gross Margin % of Betr Entertainment was 58.52%. The lowest was 51.08%. And the median was 57.43%.

ASX:BBT's Gross Margin % is ranked better than
59.84% of 767 companies
in the Travel & Leisure industry
Industry Median: 43.75 vs ASX:BBT: 51.08

Betr Entertainment had a gross margin of 45.22% for the quarter that ended in Dec. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Betr Entertainment was 0.00% per year.

Betr Entertainment Gross Margin % Historical Data

The historical data trend for Betr Entertainment's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Betr Entertainment Gross Margin % Chart

Betr Entertainment Annual Data

Trend

Jun22

Jun23

Jun24

Gross Margin %

58.52

55.13

57.43

Betr Entertainment Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Gross Margin %	Get a 7-Day Free Trial			52.96	56.95	52.76	61.02	45.22

Competitive Comparison of Betr Entertainment's Gross Margin %

For the Gambling subindustry, Betr Entertainment's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Betr Entertainment's Gross Margin % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Betr Entertainment's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Betr Entertainment's Gross Margin % falls into.

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Betr Entertainment Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Betr Entertainment's Gross Margin for the fiscal year that ended in Jun. 2024 is calculated as

Gross Margin % (A: Jun. 2024 )	=	Gross Profit (A: Jun. 2024 )	/	Revenue (A: Jun. 2024 )
	=	36.8	/	64.109
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(64.109 - 27.29)	/	64.109
	=	57.43 %

Betr Entertainment's Gross Margin for the quarter that ended in Dec. 2024 is calculated as

Gross Margin % (Q: Dec. 2024 )	=	Gross Profit (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	27.8	/	61.54
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(61.54 - 33.714)	/	61.54
	=	45.22 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Betr Entertainment (ASX:BBT) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Betr Entertainment had a gross margin of 45.22% for the quarter that ended in Dec. 2024 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Betr Entertainment Gross Margin % Related Terms

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Betr Entertainment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Betr Entertainment Ltd (ASX:BBT) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Spring Street, Level 9, Sydney, NSW, AUS, 2000

Website

https://www.bluebet.com.au

Betr Entertainment Ltd Formerly BlueBet Holdings Ltd is engaged in offering sports and racing betting products and services to online and telephone clients, via its online wagering platform and mobile applications. Its main product line includes sports, horse racing, greyhound racing, harness racing, and on-track bets. The company generates its income from wagering revenue. It is organized into three operating segments; Australia which derives key revenue, North America, and Corporate.

Betr Entertainment Headlines

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