The Swedish horseracing operator ATG reported its Q1 2026 results, with net gaming revenue remaining at a similar level while operating profit improved during the quarter.
Net gaming revenue reached SEK 1.21bn, an increase of approximately 0.5% from the same period last year. Meanwhile, operating profit rose to SEK 326m, reflecting a year-on-year increase of about 22.1%.
The company reported around 1.4 million customers, which is stable compared with the same period last year. Performance varied across product areas.
The casino sector grew, while sports betting declined and horseracing remained flat. Horseracing is still the operator’s largest gambling product.
Sports betting saw a decline of around 11%, mainly due to normal fluctuations in sporting outcomes, although ATG sees a need for continued product development.
ATG’s acting CEO, Jorgen Forsberg, stated: “We have several challenges ahead of us, the biggest of which is creating growth in horseracing.
“Our mission remains the same – we will be the racing industry's engine and the gaming industry's compass.“
ATG is owned by the Swedish horseracing industry and its profits are not distributed to private shareholders. Instead, all surplus is reinvested into Swedish horse sports, supporting the continued development of trotting and gallop racing.
In March, Hippos ATG Oy, jointly owned by Finnish trotting authority Suomen Hippos and ATG, submitted an application for a Finnish gambling licence.
The application was filed on 2 March 2026 and represents a step in the operator’s preparations to launch services when the new licensing regime is scheduled to take effect on 1 July 2027.
Late last year, ATG called for higher taxes on gambling, but lower on horseracing
