Betsson's Q1 beat, 'strong start' to Q2 lifts shares

Betsson AB

29/04/2025 09:29

** Shares in Betsson BETSb.ST rise 4% as the Swedish online gambling company reported a strong start to Q2 after posting January-March earnings above estimates

** Pareto Securities points out Betsson's sales of EUR 294 million ($335 million) are an 18% increase year-on-year, beating expectations by 1%

** B2B growth of 33% fuelled the sales increase, but was somewhat offset by B2C, says Pareto

** Pareto notes that casino revenues beat expectations by growing 18%, while sportsbook revenues matched consensus

** The broker adds that the "strong start" to Q2 is likely to improve estimates by moderate single-digit percentage

** The stock is on track for its best day in two months, if gains hold

($1 = 0.8767 euros)

 (Reporting by Vera Dvorakova)

 ((vera.dvorakova@thomsonreuters.com))