Betsson reported a 2% year-on-year increase in second-quarter revenue to €310.2m, although profit declined as EBITDA, operating income and net income all fell compared with the same period last year.
For the quarter ended 30 June, EBITDA decreased 31% to €58.5m, while operating profit (EBIT) fell 39% to €42.2m. Net income declined 38% to €30.4m, equivalent to earnings per share of €0.22.
Casino revenue increased 2% to €217.6m, while sportsbook revenue rose 1% to €91.3m. The sportsbook margin improved to 10.5%, compared with 9.5% in the second quarter of 2025. Active customers increased 32% year-on-year to 1.83 million.
Operating cash flow rose to €60.4m from €41.1m, while the group ended the quarter with net debt of minus €128.4m.
For the first six months of 2026, revenue was broadly unchanged at €595.5m compared with €597.3m a year earlier. EBITDA fell 33% to €108.4m, operating profit declined 43% to €76.2m and net income decreased 43% to €55.9m.
During the quarter, shareholders approved an ordinary dividend of €0.66 per share, payable in two instalments. Betsson also completed its share buyback programme, repurchasing 3.85 million Class B shares for €40m, with 3.09 million shares subsequently cancelled.
Operationally, the company secured a local sportsbook licence in Argentina’s Santa Fe province, where it intends to launch operations during the fourth quarter of 2026.
Following the end of the reporting period, Betsson signed a €75m multi-currency revolving credit facility with a Nordic bank to support working capital requirements, general corporate purposes and potential acquisitions.
In its trading update, Betsson said average daily revenue for the third quarter was 13.7% higher than the average daily revenue recorded during the third quarter of 2025 up to 13 July. Adjusted for currency movements and acquisitions, average daily revenue was up 19.9%, with the FIFA World Cup contributing to higher levels of customer activity.
Group CEO Pontus Lindwall commented: “The second quarter was characterised by continued healthy growth in our B2C business, positively impacted by the FIFA World Cup that kicked off in June. At the same time, B2B revenue remained at a lower level than the previous year, which weighed on the quarter’s profitability, although the operating margin improved compared with the previous quarter. Group revenue amounted to EUR 310 (304) million, the highest revenue level ever for Betsson in a single quarter, while operating income (EBIT) came in at EUR 42 (69) million.
“As in previous quarters, the strongest growth came from Latin America, which grew by 32 percent to new record levels and is now our largest region. The region accounts for more than a third of total Group revenue. The increase was broad-based and received an additional boost from the FIFA World Cup, which contributed to high activity among both new and existing customers. Peru and Argentina were the region’s brightest stars, thanks to earlier product investments, strong brands and well-targeted marketing activities linked to the World Cup. It is gratifying to see that our long-term commitment to the region continues to pay off and create value for customers and shareholders alike.
“The B2C business also developed well outside Latin America. In Western Europe, growth was once again driven by Italy, where we continue to advance our positions with the support of our sponsorship of Inter, a club that crowned its season by winning both the domestic league and the cup. In Central and Eastern Europe and Central Asia (CEECA), B2C revenue rose across the board, with particularly positive development in the Baltics, Georgia and Croatia. All in all, B2C remains our growth engine and continues to deliver new record figures. The share of revenue from locally regulated markets amounted to 76 (66) percent. The higher share of locally regulated revenue, and the higher gaming taxes that follow, is once again a key explanation for the lower profitability compared with the same period last year.
“B2B revenue, on the other hand, remained at a lower level than in the corresponding quarter last year, as previously due to lower activity from one of our larger customers. The trend has stabilised, but from a lower level than during the comparative period. Our strategy is based on a balanced mix of B2C and B2B initiatives, and we are working hard to return to growth in B2B with both existing and new customers.
“The FIFA World Cup has provided a solid start to the third quarter. The average daily revenue so far this quarter, up to and including 13 July, has been 14 percent higher than the corresponding daily average for the entire third quarter of 2025. With a competitive product offering and strong market positions, we are well placed to continue creating long-term value for our shareholders.”
