Betsson's Q2 revenue surges by 12%, reaching a staggering €303.7 million.
Betsson AB, a leading online gaming company, has announced its financial results for the second quarter of 2025, showcasing a robust growth in revenue and EBITDA.
The company's revenue for the quarter ended June 30, 2025, reached €303.7 million, marking a 12% increase year-on-year. This growth was primarily driven by strong performance in key markets such as Latin America and Western Europe, as well as good performance in the Casino and Sportsbook segments.
The Casino segment contributed about 70% of the group's revenue, with a 11% increase year-on-year. The Sportsbook segment also saw a significant growth of 15%, despite a 4% drop in turnover, demonstrating effective margin management.
EBITDA for the quarter rose by 8% to €84.1 million, reflecting operational efficiencies and revenue growth. However, the EBITDA margin slightly declined to 27.7% from 28.6%, influenced by rising taxes and higher operating costs.
Despite these challenges, Betsson's organic growth for the quarter was a strong 16%. The net income for the quarter increased to €49.2 million, up from €44.4 million in the same period in 2024.
Pontus Lindwall, President and CEO of Betsson, acknowledged the solid growth and strengthened market positions. He also highlighted that the first half of 2025 results demonstrate Betsson's continued strong performance and growth.
The first half of 2025 saw Betsson's group revenue increase by 15% to €597.3 million. The operating income (EBIT) for the first half of 2025 was €133.0 million, an increase of 9% year-over-year. The EBITDA for the first half of 2025 increased by 8% to €161.8 million, with a margin of 27.1%.
Despite the impressive growth, the operating cash flow dropped 46% to €41.1 million due to higher taxes, lower player liabilities, and increased accounts receivable. This concerned investors and contributed to a stock price decline after the earnings release.
In a statement, Lindwall emphasised that Betsson is well-positioned to capture global growth opportunities in the online gaming market. He attributes this to the company's strong organic growth in Latin America and Western Europe, as well as its solid performance in the Casino and Sportsbook segments.
The market for online gaming is structurally attractive, according to Betsson's executive. Despite the challenges faced in the first half of 2025, the company remains optimistic about its future growth prospects.
- The robust growth in Betsson AB's revenue and EBITDA in Q2 2025 might attract investments from tech-focused financial institutions, considering the company's steady performance in online gaming, particularly in key markets like Latin America and Western Europe.
- With the online gaming market showing structural attractiveness and Betsson AB's continuous growth, it's plausible that gambling businesses could examine Betsson's approach to revenue growth, margin management, and tax efficiency as a model for their own expansion plans.
- As Betsson AB emphasizes its strategic focus on Casino and Sportsbook segments, one might consider exploring potential synergies between online gaming, technology, and business in other sectors like finance or even modernizing traditional casino-and-gambling operations to adapt to the digital age.
