Betsson has reported Group revenue of €285m for the first quarter of 2026, a 3% decrease compared with the same period last year, although organic growth reached 4%. EBITDA fell to €50m, down 36%, while operating income amounted to €34m, reflecting weaker performance in the B2B segment.
Casino revenue declined by 4% to €203.8m, representing 71% of total revenue. Sportsbook revenue rose slightly by 1% to €80.2m, with a margin of 8.4%, compared with 8% a year earlier. Active customers increased to 1.5 million.
The operator’s B2C operations delivered 15% year-on-year revenue growth, supported by strong momentum in Latin America, where revenue rose by 25% and accounted for one-third of total Group revenue. Peru was a key contributor, while Italy drove double-digit growth in Western Europe. Growth was also recorded in Croatia and Greece within the CEECA region.
By contrast, B2B revenue declined to €51m from €90m, primarily due to lower income from one customer, although activity has stabilised in recent months.
The share of revenue from locally regulated markets increased to 73%, up from 59%, marking the highest level to date. While this shift supports long-term sustainability, it has contributed to lower margins due to higher gaming taxes and compliance costs.
During the quarter, Betsson agreed to acquire Rhino Entertainment Group’s B2C business and certain B2B technology assets for approximately €64.5m. The transaction, expected to close following regulatory approvals, is intended to strengthen the Group’s position in Canada and enhance its B2B offering.
Betsson also continued to invest in product development, introducing enhanced Bet Builder functionality, AI-powered match previews and expanded mobile capabilities ahead of the FIFA World Cup in June.
Average daily revenue in early Q2 was 3.7% higher than the full Q2 2025 daily average
