Betsson has reported record quarterly revenue after a surge in customer activity linked to the FIFA World Cup. The Stockholm-listed betting group said revenue reached €310.2m in the three months to the end of June, up 2 per cent from €303.7m a year earlier. Organic growth was 6 per cent. Operating profit fell 39 per cent to €42.2m, while net income dropped 38 per cent to €30.4m.
Chief executive Pontus Lindwall commented: “Group revenue amounted to €310 million, the highest revenue level ever for Betsson in a single quarter.”
The figures show a company still expanding its customer base, but doing so at a lower level of profitability than last year. Active customers rose by almost a third to 1.83 million, while operating cash flow increased 47 per cent to €60.4m.
Because the World Cup continued into July, some related activity fell outside the second-quarter reporting period. Betsson said the tournament contributed to high activity during the opening weeks of the third quarter.
Latin America becomes the largest region
Latin America delivered the strongest performance, with revenue rising 32.3 per cent to a record €112.1m. The region accounted for 36 per cent of group revenue, overtaking Central and Eastern Europe and Central Asia as Betsson’s largest market.
Argentina, Peru and Colombia all recorded their highest quarterly revenue. Betsson said growth in the three countries was driven by solid performance across both casino and sportsbook activity. Lindwall described Peru and Argentina as the region’s “brightest stars”, attributing their performance to earlier product investments, strong brands and marketing linked to the World Cup.
Western Europe also reached a record, with revenue up 8.3 per cent to €64.2m. Italy remained the main driver in the region, supported by growth in casino and sports betting. Revenue in the Nordic region fell 17.1 per cent to €28.1m, while the CEECA region declined 14.9 per cent to €100.6m. The decline was caused by lower B2B licence revenue, while the region’s B2C segment continued to perform well.
Lindwall said: “All in all, B2C remains our growth engine and continues to deliver new record figures.”
Profit margins remain under pressure
Betsson’s EBIT margin fell to 13.6 per cent from 22.7 per cent a year earlier, despite the increase in revenue. The company attributed the decline to lower B2B revenue from one of its larger customers and higher gambling taxes, as the share of revenue from locally regulated markets rose to 76 per cent from 66 per cent.
Casino revenue rose 2.5 per cent to €217.6m, while sportsbook revenue increased 1.4 per cent to €91.3m. The sportsbook margin improved to 10.5 per cent, compared with 9.5 per cent a year earlier.
Despite higher revenue, earnings were hit by lower B2B income from one of Betsson’s larger customers, which the company did not name, and by the growing share of revenue generated in locally regulated markets.
Betsson said the decline in B2B activity had stabilised, but at a lower level than in the same period last year. Lindwall said: “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 company also pointed to a strong opening to the third quarter. Average daily revenue up to 13 July was 13.7 per cent higher than the average for the full third quarter of 2025.
“The FIFA World Cup has provided a solid start to the third quarter,” Lindwall said. The company added that the tournament continued to support high activity after the end of June.
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