Easygo Reports $171M Profit as Stake and Kick Drive Expansion
Summary
Australian tech firm Easygo Group posted a net profit of AUD 257 million (around $171 million) for the year to 30 June, on revenue of approximately AUD 970 million ($645 million). Financial filings show the private group paid roughly AUD 152 million ($101 million) in corporate tax and now reports net assets of over AUD 5 billion ($3.3 billion) following a major reshuffle that bundled assets and liabilities into new share issuance to founders.
Easygo — run by Ed Craven with partner Bijan Tehrani — supplies technology and operational support to projects including crypto casino Stake.com and streaming service Kick, which together account for much of the company’s scale and value. The company had 636 employees during the reporting period and is hiring heavily for tech roles, planning a move to a larger Cremorne office in Melbourne in 2026.
The accounts detail AUD 118 million on salaries and perks, AUD 70 million on tech and infrastructure and AUD 15 million on marketing, with AUD 116 million in cash at period end. Easygo has also been acquisitive, buying Stake’s Danish arm and another business, and runs internal game studios that produce casino content for Stake and other operators. Stake and Kick continue to expand user bases but face regulatory and public scrutiny in some markets.
Key Points
- Easygo reported AUD 257m net profit (year to 30 June) on ~AUD 970m revenue.
- Net assets surged to over AUD 5bn after an asset-and-debt restructure and share issuance to founders.
- Primary assets include Stake.com (crypto casino) and Kick (streaming), which underpin Easygo’s growth.
- Company spent ~AUD 118m on staff, AUD 70m on tech/infrastructure and AUD 15m on marketing; cash balance ~AUD 116m.
- Easygo employs ~636 people, is recruiting tech talent and will relocate to a larger Cremorne HQ in 2026.
- It has made strategic acquisitions (including Stake’s Danish unit) and operates in-house game studios.
- Stake and Kick are expanding globally but remain under regulatory scrutiny in several jurisdictions.
Context and Relevance
This result positions Easygo among Australia’s most profitable unlisted firms and highlights the commercial scale of crypto gambling and alternative streaming platforms. The financials reveal where the business is investing — people and infrastructure — and show how corporate restructuring has aggregated global betting and media assets under Easygo’s umbrella. For industry watchers, regulators and potential partners or rivals, these figures signal both opportunity and areas of regulatory focus.
Why should I read this?
Quick version: Easygo just made a shedload of money and is bulking up. If you follow crypto gambling, streaming platforms or gaming tech, this tells you who’s spending, hiring and buying — and where regulators might turn next. We’ve done the slog so you don’t have to skim the filings.