Betsson Group has reported continued profitable growth in the third quarter of 2025, with total revenue increasing to €295.8m ($343.7m). The company's casino business set a new quarterly record, contributing €223m, a 6% year-on-year increase.
Sportsbook revenue rose 4% to €71.2m, supported by an improved margin of 8.8%, compared with 7.4%. However, sportsbook turnover fell 19% due to seasonal factors and lower betting activity.
Elsewhere, EBITDA increased 3% to €82.5m, with an EBITDA margin of 27.9%, slightly below the 28.7% reported last year.
Operating income (EBIT) was up 4% to €66.9m, while net income grew 16% to €50.1m. The company's operating cash flow reached €64.8m, up 4% and net debt improved to €-220m, compared with €-128m a year earlier.
Moreover, revenue from locally regulated markets grew 16%, accounting for nearly two-thirds of total group revenue. Western Europe delivered the strongest regional increase, with revenue up 27%, driven largely by growth in Italy's casino and sportsbook sectors.
CEO Pontus Lindwall commented: "With the customer in focus, Betsson continues to drive the digitalisation of the gaming market globally. Casino revenue reached an all-time-high level in the third quarter, supported by a well-diversified mix of markets that lowers the risk of fluctuations in individual regions."
Revenue from the Nordics fell 19.7% due to reduced marketing spend, while the CEECA region posted a 2.6% increase. Italy achieved record revenue, while Belgium experienced a temporary decline due to technical platform migration issues.
Casino accounted for 75% of total group revenue, with sportsbook contributing 24%, maintaining a stable product mix compared to Q3 2024.
The results follow Betsson's Q2 2025 update, when revenue climbed 12% to €303.7m and the company opened a new technology hub in Málaga. The group also recently expanded its sports sponsorship portfolio with partnerships in Italy and Greece, extending its European brand presence.
Good to know: Latin America saw 10% revenue growth, led by record casino turnover in Argentina and continued progress in Peru and Colombia
