Nine Months Fiscal Report: Betsson Goes From Strength-to-Strength


Swedish-origin iGaming big beast Betsson has released its Interim Financial Report for the first nine months of the year that shows solid performance and sustained growth across all key metrics.

The group posted revenue of €280.1 million (£233.1m/US$303.3m) for its Q3, ending September 30 — an increase of 18 percent, year-on-year.

Over half of this impressive growth was listed as “organic” by the multi-market playmaker, with iCasino revenue rising by some 22 percent, sportsbook revenue up eight percent and EBITDA of €80.3 million (£66.88m/US$86.72m), a margin of 28.7 percent and 17 percent up on Q3 2023.

Betsson’s active customer base grew by 10 percent, reaching 1.4 million customers.

Dividend

Group revenue totalled €799.8 million (£666.19m/US$863.96m) for the first nine months of this year, 2024 — an increase of 15 percent, y-o-y.

EBITDA for this period was up by 20-points to €229.5 million (£191.23m/US$248.02m); while Net Income for the nine-months was €130.6 million (£108.76m/US$141.07m), delivering €0.94 earnings-per-share.

Stakeholders were treated to a half-year dividend of €88.5 million (£73.7m/US$95.59m) in May, the report highlighted.

Pontus Lindwall: Betsson fiscals are up for the 11th quarter in succession
“Yet again [we have] new record levels in revenue and EBIT in the third quarter,” affirmed Betsson CEO Pontus Lindwall.

“High customer activity continued [and this was]the eleventh quarter in a row with sequential growth on the EBIT level.

“Growth was broad based with sustained high activity in Latin America, Western Europe and Central and Eastern Europe and Central Asia.

“Our business continues to generate strong cashflows and the balance sheet is solid,” concluded the Betsson boss.

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