Betsson Reports €326.5 Million in Q3 Revenue With 10 Percent Growth but 44 Percent Net Profit Decline

Betsson reported third-quarter revenue of €326.5 million, a 10 percent rise year-on-year. Net income fell 44 percent to €28.2 million. EBITDA decreased 23 percent to €63.4 million, producing a margin of 19.4 percent versus 27.9 percent in the corresponding 2025 period.

Organic revenue growth stood at 8 percent. For the first nine months of 2026, revenue totalled €922.1 million, up 3 percent with 6 percent organic growth. EBIT for the quarter declined 31 percent to €46.1 million.

Product Line Results

Casino revenue increased 14 percent to €253.5 million and accounted for approximately 78 percent of group revenue. Sportsbook revenue rose 1 percent to €71.8 million while gross sportsbook turnover grew 8 percent to €1.37 billion. The sportsbook margin after free bets narrowed to 8.1 percent from 8.8 percent.

Active B2C customers rose 40 percent to 1.87 million. Customer deposits advanced 6 percent to €1.55 billion. Operating cash flow fell 16 percent to €54.5 million. Net debt stood at negative €98.3 million, improved from negative €220 million a year earlier.

Regional Performance and Corporate Actions

According to reporting by iGaming Future, Western Europe generated its highest quarterly revenue to date at €64.8 million, up 13.8 percent. Italy posted records across revenue, turnover and deposits. CEECA revenue declined 16.8 percent to €99.2 million. Nordic revenue dropped 10 percent to €32.7 million.

Betsson completed the acquisition of Rhino Entertainment Group in early August, adding B2C operations in Ontario and other Canadian markets together with proprietary middleware and front-end technology. The group secured a €75 million multi-currency revolving credit facility in July with an initial two-year term and option to extend one additional year.

CEO Pontus Lindwall commented: “Revenue also reached a new all-time high for a single quarter, which is particularly positive given that the sportsbook margin was considerably lower than in the second quarter. Instead, growth was driven by the casino product.” He added: “This performance demonstrates the strength of our diversified business model, with a broad geographical presence, several strong brands and competitive offerings in both sports betting and casino that complement each other.”

Betsson reiterated its strategy of concentrating B2C operations in locally regulated markets and jurisdictions expected to introduce local regulation. The company anticipates a positive start to October and positions itself to return to earnings growth.

Reporting: iGaming Future

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