Sweden-based Betsson's Q4 revenue drops on slowdown in Nordics, CEECA

Betsson AB

16/01/2026 10:11

Overview

Online gaming firm's Q4 revenue estimated to have dropped yr/yr to EUR 304  mln from EUR 307 mln year-ago, impacted by regional slowdowns

Q4 EBIT decreased due to higher personnel costs and gaming taxes

Revenue growth in Western Europe and Latin America offset by Nordic and Central and Eastern Europe and Central Asia (CEECA) slowdown

Outlook

Betsson expects to benefit from product development investments in 2026

Average daily revenue in Q1 2026 (until Jan 15) is 1% higher than Q1 2025

Betsson anticipates positive impact from FIFA World Cup in 2026

Result Drivers

REGIONAL PERFORMANCE - Revenue growth in Western Europe and Latin America was offset by slowdowns in the Nordic region and CEECA

REVENUE MIX - Higher share of revenue from locally regulated markets increased gaming taxes, impacting gross margin and EBIT

PERSONNEL COSTS - Increased personnel costs due to more employees and non-recurring items impacted profitability and EBIT

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
EUR 304 mln
EUR 327 mln (2 Analysts)
Q4 EBIT
Miss
EUR 53 mln
EUR 73.50 mln (2 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "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 SEK180.00, about 33.4% above its January 15 closing price of SEK134.90

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

Press Release: ID:nWkr9wXLQc

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(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.)