Betsson posted steady numbers for the quarter. Revenue landed at €295.8m and profit nudged higher. Betsson Q3 results also showed record casino revenue and a firmer sportsbook margin.

• Group revenue rose 6% year on year to €295.8m, with organic growth of 11%.

• EBITDA came in at €82.5m, up 3%. Net income reached €50.1m, up 16%, while active customers were 1.34m, down 1% (see Key Data on page 1).

• Casino delivered €223.0m, a new peak for the company. That’s up 6% year on year and accounted for 75% of group revenue. “Casino revenue was at a new all-time-high level in the third quarter,” the company noted.

• Sportsbook revenue increased 4% to €71.2m. Gross turnover declined 19% to €1.26bn, but the sportsbook margin improved to 8.8% from 7.4%. Management cited seasonal effects for softer turnover in Latin America.

• Regionally, Western Europe grew 27% to €56.9m, led by Italy’s gains in casino and betting. CEECA rose 3% to €119.3m, with Croatia and Greece hitting records. The Nordics fell 20% to €36.4m after lower marketing spend.

• License revenue from B2B system delivery reached €76.9m and represented 26% of group revenue. The company said new B2B customers supported the increase. Tech upgrades and proprietary sportsbook development continued through the quarter.

• Deposits totaled €1.45bn, down 2% year on year. Registered customers stood at 30.4m, down 2% after exits from certain markets.

• Trading update: average daily revenue for Q4 (to 19 Oct) was 2.1% above the full Q4 2024 average. On a currency- and M&A-adjusted basis, it was up 9.5%. This is an early indicator, not a forecast (page 3).
• Product and tech: new native apps rolled out in Argentina and an “early payout” feature launched in football. A new front-end framework is being introduced for faster feature releases. AI is used to bolster RG tools and sportsbook features.

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