Betsson posts record Q2 revenue of €310.2m despite profit decline

Betsson reported record second-quarter revenue of €310.2 million, driven by strong B2C growth and increased betting during the FIFA World Cup, despite a decline in profit due to higher gaming taxes and weaker B2B operations. EBITDA fell 31% to €58.5 million, and net income decreased to €30.4 million from €49.2 million the previous year. The company noted significant growth in Latin America, particularly in Peru and Argentina, and expressed optimism for continued growth into the third quarter.

Key Points

Betsson reported record quarterly revenue of €310.2m (US$355m) for the second quarter of 2026, up 2% year-on-year

FIFA World Cup activity boosted customer engagement, with sportsbook margin improving to 10.5%

Profitability declined as higher gaming taxes and weaker B2B performance offset revenue growth

Betsson has reported its highest-ever quarterly revenue after strong customer activity surrounding the FIFA World Cup lifted second-quarter performance. However, earnings were impacted by higher gaming taxes and softer B2B operations.

Group revenue for the three months ended 30 June reached €310.2m, up 2% from the same period last year, or 6% on an organic basis. Casino revenue increased by 2%, while sportsbook revenue rose 1%, with sportsbook margin improving to 10.5% from 9.5% a year earlier.

Despite record revenue, EBITDA declined 31% year-on-year to €58.5m, while operating profit (EBIT) fell 39% to €42.2m. Net income for the quarter amounted to €30.4m, compared with €49.2m in the prior-year period.

Chief Executive Officer Pontus Lindwall said the World Cup, which began in June, contributed to high levels of activity from both new and existing customers, helping the company's B2C business deliver another quarter of healthy growth.

Latin America remained the standout performer, with revenue from the region rising 32% to a new record and becoming Betsson's largest geographical market. Peru and Argentina led the growth, supported by earlier product investments, strong brand recognition and World Cup-related marketing campaigns.

Outside Latin America, the B2C business also expanded in Western Europe, where Italy continued to perform strongly, and across Central and Eastern Europe and Central Asia, with particularly positive contributions from the Baltics, Georgia and Croatia.

For the first six months of 2026, Group revenue totalled €595.5m, broadly in line with the previous year, while organic growth reached 5%. During the period, Betsson repurchased approximately 2.85 million shares for €27.5m, and shareholders approved a dividend of €0.66 per share.

Looking ahead, the company said momentum has carried into the third quarter. Average daily revenue through 13 July was 14% higher than the corresponding daily average for the whole of the third quarter of 2025, with management expressing confidence in continued long-term growth supported by its competitive product offering and expanding regulated market presence.