Betsson Group’s first-quarter revenue increased by 18 percent to EUR 293.7 million, casino sportsbook revenue increased by 22% and the sportsbook margin was 8.0% (6.6%).

EBITDA was EUR 77.7 (71.6) million, an increase of 9%. The EBITDA margin was 26.5% (28.8%).

The sequentially lower levels compared to the previous quarter can be explained by the lower sportsbook margin, which was 8.0 percent compared to 9.8 percent in the fourth quarter of 2024. 

The start of the year has been strong with continued high customer activity and profitable growth for Betsson. Despite fewer days and seasonal effects, new record levels were reached for customer deposits and gaming turnover during the first quarter.

Betsson’s ambition is to create long-term stable profit growth through geographical diversification and growth initiatives in existing and new markets.

Latin America, in particular, continues to be an important growth region where Betsson are continuously strengthening its positions. The region accounted for 25 percent of the Group’s total revenue during the quarter.

We continue to invest in the product and our technology – anything from new payment solutions and AI-supported processes to a strengthened sportsbook – and when we compare ourselves with competitors, we can see that in our focus markets we now have a market-leading offering in sports betting. 

I am proud of our continued commitment to sports. We had reasons to celebrate the sporting success of some of our partners during the quarter. Jersey-sponsored Racing Club from Buenos Aires managed to repeat the past autumn’s South American Cup win by winning the prestigious Cup Winners’ Final for the continent, the Recopa Sudamericana, against Botafogo from Brazil. At the same time, after 35 years of waiting and also with Betsson-featured match shirts, Greek OFI Crete FC managed to go all the way to the final of the Greek Football Cup, which goes under the name of Betsson Greek Cup.