Online gaming firm Betsson's prelim Q1 revenue, EBIT decline on weak B2B

Betsson AB

09/04/2026 15:12

Overview

Sweden online gaming group's preliminary Q1 2026 revenue fell 3% yr/yr to EUR 285 mln

Preliminary Q1 EBIT declined to EUR 34 mln, mainly due to lower B2B license revenue

Higher share of revenue from regulated markets drove up gaming taxes, impacting gross margin and EBIT

Result Drivers

B2B LICENSE REVENUE DROP - Decline in B2B license revenue, mainly due to lower revenue from one customer, weighed on group results

REGULATED MARKET SHIFT - Higher share of revenue from locally regulated markets increased gaming taxes and reduced gross margin and EBIT

B2C MARKET INVESTMENTS - Investments in new B2C markets that are not yet profitable reduced EBIT by EUR 10-15 mln in the quarter

Company press release: ID:nWkrb4fkC0

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
EUR 285 mln
EUR 290.50 mln (2 Analysts)
Q1 EBIT
Miss
EUR 34 mln
EUR 47.60 mln (2 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the casinos & gaming peer group is "buy."

Wall Street's median 12-month price target for Betsson AB is SEK107.50, about 2.1% above its April 8 closing price of SEK105.30

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)