Record revenue at Betsson, but operating profit falls

Swedish gambling group Betsson reported the highest quarterly revenue in the company's history in the third quarter of 2026. Revenue rose 10 percent year on year to 327 million euros. Operating profit, however, fell 31 percent to 46 million euros. The operating profit margin (EBIT) dropped from 22.6 percent last year to 14.1 percent.

Growth was driven by the business-to-consumer (B2C) operation. Revenue in this segment rose 28 percent to 280 million euros. The number of active customers rose 40 percent to 1.9 million, and customer deposits rose 6 percent to 1.55 billion euros. Latin America was the best-performing region, with revenue up by more than 50 percent. FIFA World Cup campaigns in Peru and Argentina boosted customer activity.

Casino remained the group's most profitable division, with revenue up 14 percent to 254 million euros. Sports betting revenue rose only 1 percent to 72 million euros, due to a low betting margin. CEO Pontus Lindwall noted that customer activity remained high despite the weak margin. Operating cash flow fell to 55 million euros from 65 million euros a year earlier.

During the quarter, the acquisition of Rhino Entertainment Group was completed. The company replaced the betFIRST brand with the Betsson brand in Belgium. Following the news, Betsson shares rose 2.88 percent to 96.45 dollars. The stock remains below its 52-week high of 160 dollars.