Betsson reports record third-quarter revenue as profit declines

Betsson set a record in the third quarter with revenue of 326.5 million euros. Revenue rose 10 percent year on year, and the number of active B2C customers climbed 40 percent to 1.87 million.

Profitability moved in the opposite direction. EBITDA fell 23 percent to 63.4 million euros, and the EBITDA margin dropped from 27.9 percent to 19.4 percent. Operating profit declined 31 percent to 46.1 million euros, and net profit declined 44 percent to 28.2 million euros. Betting taxes rose from 41.4 million euros to 69.4 million euros. The share of locally regulated markets in revenue increased from 63.8 percent to 77.7 percent.

Casino revenue grew 13.7 percent to 253.5 million euros and made up 77 percent of group revenue. Sports betting revenue was flat at 71.8 million euros. Latin America revenue rose 51.8 percent to 116.1 million euros, while Western Europe saw a record at 64.8 million euros. Rhino Entertainment has been consolidated since August.

Nine-month revenue rose 3 percent to 922.1 million euros, while EBITDA fell 30 percent to 171.8 million euros. In the first weeks of October, average daily revenue stayed 11 percent above the fourth-quarter 2025 average. The company stated that the sports betting margin was running well below the average of the previous eight quarters.