Betsson shares rise as online drives revenue in Q3

Finance News

Betsson Group has reported third-quarter group revenue of EUR 893.1 (799.8) million, an increase of 12%. Organic increase of 15%.

EBITDA was EUR 244.4 (229.5) million, an increase of 6%. The EBITDA margin was 27.4% (28.7%). Operating income (EBIT) was EUR 199.9 (186.5) million, an increase of 7%. The EBIT margin was 22.4% (23.3%).

In the third quarter, revenue increased by 6 percent and operating profit by 4 percent compared with the corresponding period last year. 

With the customer in focus, Betsson continues to drive the digitalization of the gaming market globally. We have a proven, successful product portfolio consisting of both casino and sports betting, as well as a well-diversified mix of revenues from different geographical regions, which lowers the risks of periodically weaker developments in individual products or markets. Casino revenue was at a new all-time-high level in the third quarter.

Revenue from locally regulated markets increased by 16 percent and accounted for 64 percent of total revenue during the quarter. The largest growth contribution during the quarter came from Western Europe, where revenue increased by 27 percent, mainly driven by continued strong growth in Italy, where we continue to gain market share in both casino and sports betting.

Latin America continues to be an important growth region, with 10 percent revenue growth in the quarter, and casino revenue reaching new record levels while sportsbook revenue slowed slightly due to seasonally lower activity. 

Betsson’s commitment to sports continues. During the quarter, we entered into new sponsorships with the basketball clubs Aris BC and Mykonos BC in Greece, while the sponsorships with FK Žalgiris and the basketball association in Lithuania were extended.

A new sponsorship also began with the traditional Italian football club SSC Bari in Serie B. In addition, it was particularly nice to see that Club Brugge managed to qualify for the Champions League in football, which means that two clubs in this prestigious tournament will wear Betsson’s name on their match jerseys this season. 

On the product and technology side, we continued to strengthen the customer experience through new gaming apps, further development of our own platform’s flexibility and performance, and the launch of new casino games and new features in the sportsbook, such as early win payouts for placed bets. 

I look forward with confidence to the end of the year and ahead to 2026 with the upcoming World Cup in football. Our strong balance sheet enables continued investments in product development and strengthened market positions to support continued stable profit growth and dividends to our shareholders.

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