Betsson AB year-end report 2024 highlights a record-breaking year, with revenue surpassing EUR 1.1 billion. The company achieved strong growth across all business areas, driven by strategic investments and expansion in key markets.
- Group revenue for 2024 reached EUR 1,106.6 million, a 17% increase, with organic growth of 41%. Q4 revenue hit EUR 306.8 million, exceeding EUR 300 million in a single quarter for the first time.
- Casino revenue in Q4 increased by 17%, while sportsbook revenue surged 36%. The sportsbook margin improved to 9.8% from 6.2% in the previous year.
- EBITDA for 2024 stood at EUR 316.0 million, up 20%, with an EBITDA margin of 28.6%. The Q4 EBITDA was EUR 86.4 million, reflecting a 20% increase.
- Operating income (EBIT) reached EUR 256.7 million, an increase of 22%, while net income totaled EUR 183.7 million. Earnings per share rose to EUR 1.32.
- Operating cash flow hit EUR 272.9 million, and net debt stood at EUR -139.8 million, indicating a strong financial position.
- The Board of Directors proposes an ordinary dividend of EUR 0.657 per share and a special dividend of EUR 0.10 per share, rewarding shareholders.
- CEO Pontus Lindwall stated, “2024 was our best year ever for Betsson. The year was characterized by high growth, strengthened profitability and strategic investments in line with our long-term goals and our vision to offer the best gaming experience in the industry”.
- Expansion in Latin America and CEECA was a key driver, with investments in technology and marketing boosting customer engagement.
- The Betsson AB year-end report 2024 also highlights a record Q4, with highest-ever customer deposits, gaming turnover, revenue, and EBIT, as revenue surpassed EUR 300 million in a quarter.
- Looking ahead to 2025, Betsson aims for continued geographic expansion, product innovation, and disciplined capital allocation to sustain growth.
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