The start of the year was strong for Betsson. High customer activity and an 18% rise in group revenue shaped Betsson Q1 2025 results. Latin America stood out as a major driver for growth.
Betsson Q1 2025 results show a group revenue of EUR 293.7 million, up 18% from EUR 248.2 million the year before. Organic growth contributed 20% to this increase. Casino revenue rose by 18% and sportsbook revenue by 22%.
EBITDA amounted to EUR 77.7 million, an increase of 9% year-on-year. The EBITDA margin was 26.5%, slightly lower than the previous year’s 28.8%. Operating income (EBIT) was EUR 64.0 million, showing an 11% rise.
Net income reached EUR 48.4 million compared to EUR 42.8 million last year. Earnings per share climbed to EUR 0.35 from EUR 0.30. Operating cash flow increased sharply to EUR 86.4 million from EUR 50.0 million.
Net debt improved to EUR -177.8 million, compared to -68.1 million previously. The number of active customers grew to 1.4 million from 1.3 million. CEO commented, “We are proud of our continued commitment to sports and new market expansions.”
The trading update revealed a 17% increase in average daily revenue for the second quarter 2025 compared to the same period in 2024. Sportsbook margin was reported higher than the average margin over the last eight quarters.
Latin America contributed 25% of total revenue in Betsson Q1 2025 results. Betsson extended its sponsorship with Boca Juniors and opened a new office in Buenos Aires. The group also launched operations in Brazil and Paraguay after securing local gaming licenses.
Revenue from locally regulated markets rose by 60% year-on-year. These markets now make up 59% of Betsson’s total revenue, up from 43.6% a year ago. Betsson now holds local licenses in 25 countries worldwide.
Despite global economic uncertainty, Betsson Q1 2025 results indicate resilience. The company noted that demand for gaming remains stable through economic cycles. Structural growth from online migration supports their long-term strategy.
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