Sweden's Betsson posts higher Q2 revenue, boosted by FIFA World Cup
Sweden's Betsson posts higher Q2 revenue, boosted by FIFA World Cup
Overview
Sweden online gaming group's Q2 revenue rose 2% to record high, with 6% organic growth
Q2 EBITDA fell 31% and EBIT dropped 39% amid higher gaming taxes and lower B2B revenue
Latin America became Betsson's largest region, boosted by FIFA World Cup activity
Outlook
Betsson says average daily revenue so far in Q3 is 14% higher than Q3 2025
Company says B2B revenue trend has stabilized but remains below prior-year levels
Betsson says it is well placed to continue creating long-term value for shareholders
Result Drivers
LATIN AMERICA GROWTH - Revenue in Latin America rose 32%, driven by increased customer activity during the FIFA World Cup, with Peru and Argentina performing strongly
HIGHER GAMING TAXES - Increased share of revenue from locally regulated markets led to higher gaming taxes, weighing on profitability
WEAK B2B REVENUE - B2B revenue remained below last year's level due to lower activity from a major customer, pressuring group profitability
Company press release: ID:nWkr9Gzsyy
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | EUR 310.20 mln | EUR 306.35 mln (2 Analysts) |
Q2 Net Income |
| EUR 30.40 mln |
|
Q2 EBIT | Beat | EUR 42.20 mln | EUR 41.40 mln (2 Analysts) |
Q2 EBITDA | Beat | EUR 58.50 mln | EUR 57.75 mln (2 Analysts) |
Q2 EBITDA Margin |
| 18.80% |
|
Q2 EBIT Margin |
| 13.60% |
|
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 SEK95.00, about 4.9% above its July 16 closing price of SEK90.55
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 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.)