ATG reports Q3 2025 net revenue of $138m, increases net income 7.3%

Swedish gaming operator AB Trav och Galopp (ATG) has reported its financial results for the third quarter of 2025, having witnessed a rise in net revenue of 0.8% year-over-year for a total of SEK 1.3bn ($138m), while net income also grew by 7.3% to SEK 428m.

"After a weak first half of the year, ATG's net gaming revenue stabilized in the third quarter, with both horse betting and sports betting increasing," ATG CEO Hasse Lord Skarplöth said.

Total income attributed to ATG was reported to be SEK 1.5bn, representing a slight decrease of 0.5% despite revenues from sports betting and horse racing operations having witnessed increases from the prior year period.

ATG will also be launching its new V85 horse racing game on October 25, marking a "historic shift" for the operator according to Skarplöth.

"On October 25, we take an important step forward when V75 is replaced by V85 at Jägersro. It is a historic shift that strengthens our offering and creates new opportunities for trotting sports," Skarplöth said.

The operator reported 1.3m active users for the third quarter of 2025, a slight decrease from the 1.4m active users tracked throughout Q3 2024. Despite the drop in consumers, ATG still managed to increase its operating income by 9.3% for a total of SEK 434m, while operating margin was reported to fall at 33.5%, increasing from the 30.9% margin witnessed for the third quarter of 2024.

ATG's profit after tax for Q3 2025 was SEK 428m, a rise of 7.3% from the prior year period, as cash flow from operating activities also increased by 21.1% to SEK 511m.

The operator was handed an SEK 3m fine by the Swedish Gambling Authority, Spelinspektionen, on October 13 for failings relating to inadequate anti-money laundering procedures.

Following an investigation into the company's AML procedures launched by Spelinspektionen in 2022, the authority concluded that ATG had not enacted proper safeguarding techniques to help adequately reduce the risk of money laundering and terrorist financing.