bet-at-home.com AG Group first quarter revenue reflect a challenging market environment. Gross betting and gaming revenues declined by 16.1% in the first quarter of 2026 compared to the previous year to EUR 11,341 thousand, primarily due to weaker performance in the online sports betting segment.

In the comparative period, the increase in the betting tax in Austria from 2% to 5% of stakes (effective 1 April 2025) had not yet come into effect.

The immediate pass-through of the increased costs to customers from June 2025 led to a decline in revenues as well as overall customer activity.

In contrast, the online gaming segment recorded growth of 13.1% to EUR 1,713 thousand.

Personnel expenses in the amount of EUR 2,093 thousand remained relatively stable in the first quarter of 2026.

Marketing investments aimed at strengthening the“bet-at-home” brand, acquiring new customers, and reactivating existing customers decreased by 7.4% year-on-year to EUR 4,490 thousand. Other operatingexpenses, at EUR 2,444 thousand, were 20.88 % below the previous year’s level.

This decline resulted from reduced expenses for service providers and legal advisory services, as well as lower foreign exchange losses.

Compared to the first quarter of 2025, EBITDA before special items in the first quarter of 2026 was slightly negative at EUR -149 thousand. As of 31 March 2026, cash and cash equivalents within the bet-at-home.com AG Group amount to a total of EUR 26,678 thousand.

In the current financial year 2026, the Group continues to focus on expanding on its core markets of Germany and Austria. An emphasis is placed on the start of the FIFA World Cup, which will take place in June and July 2026 in the United States, Canada, and Mexico. We expect this major event to be an additional positive driver for further business development – Stefan Sulzbacher, CEO.