Betsson shares jump on Q4 revenue and World Cup boost

Finance News

Betsson Group today reported group revenue for EUR 220.6 (157.5) million, an increase of 40%. Organic increase of 48%.

Casino revenue increased by 27%. Sportsbook revenue increased by 76% and the sportsbook margin was 7.3% (6.0%). EBITDA was EUR 51.1 (30.4) million, an increase of 68%. The EBITDA margin was 23.2% (19.3%).

Operating income (EBIT) was EUR 40.0 (20.8) million, an increase of 92%. Net income was EUR 32.7 (18.7) million, corresponding to EUR 0.26 (0.14) per share.

We can look back at the best year ever for Betsson with strong growth and profitability, driven by disciplined capital allocation, geographical diversification and investments in new markets, as well as continuous strengthening of the tech platform and product offering. For the full year, revenue increased by 18 percent and EBIT increased by 11 percent. Organically, revenue increased by 27 percent for the year.

The fourth quarter was dominated by the largest sports event of the year, the Football World Cup. In sports terms, it was perhaps one of the best tournaments of all times, with both real surprises and favourites playing some incredibly exciting games in the knock-out stage. As expected, for Betsson the World Cup turned out to be the largest sports event ever and contributed to new records for all possible key performance indicators in the quarter, such as revenues (despite a significantly lower sportsbook margin than in the previous quarter), EBIT, sportsbook turnover, casino turnover, active customers and customer deposits.

In the fourth quarter, organic revenue growth for the Group was 48 (27) percent year over year, with an EBIT margin of 18.1 (13.2) percent. Geographically, once again growth was driven by the regions Latin America and CEECA (Central and Eastern Europe and Central Asia). Above all, Latin America recorded new highs on most key parameters. Our strategic investments in the region continue at full speed – in Peru, the naming rights sponsorship for the highest football league, Liga 1 Betsson, was extended another four years, and in Chile, a new naming rights deal was agreed with the highest football league, which will be named Campeonato Betsson. Both leagues kicked off at the end of January, and it is gratifying to see the continued engagement in football together with clubs, fans and customers.