Betsson’s revenue and EBIT reached record highs in Q3 2024. The company expanded its product offerings and strengthened its market position with several strategic initiatives.

  • Casino revenue increased by 22%, indicating strong growth in this segment. Sportsbook revenue also saw a rise of 8%, showcasing the success of the company’s betting platform. The sportsbook margin remained stable at 7.4%.
  • EBITDA grew to EUR 80.3 million, representing a 17% increase from the previous year. This increase reflects strong operational performance across all regions. The EBITDA margin remained steady at 28.7%.
  • Operating income (EBIT) reached EUR 64.5 million, up by 15% from last year. Despite a slight decrease in the EBIT margin to 23%, the company continues to perform strongly. EBIT growth has been consistent over the past eleven quarters.
  • Net income amounted to EUR 43.4 million, a slight decrease compared to last year’s EUR 46.2 million. Earnings per share for the quarter were EUR 0.31, down from EUR 0.35 in the same period last year. However, the overall financial performance remains robust.
  • Operating cash flow for the quarter was EUR 62.5 million, reflecting a significant increase from the previous year’s EUR 44.9 million. This increase highlights the company’s ability to generate strong cash flows from its operations. It further strengthens Betsson’s financial position.
  • The number of active customers increased by 10%, reaching 1.4 million, up from 1.2 million. This growth indicates higher customer engagement and effective marketing strategies. Increased activity was particularly notable in key regions like Latin America and Western Europe.
  • Betsson’s net debt improved significantly, reaching EUR -128.3 million, up from EUR -65.5 million in the previous year. This improvement is a result of strong cash flow and effective debt management. It positions the company well for future investments.
  • Group revenue for the first nine months of 2024 was EUR 799.8 million, a 15% increase year-on-year. Organic growth accounted for 38% of this increase, highlighting the strength of the company’s core operations. Betsson’s expansion into locally regulated markets contributed significantly to this growth.
  • The Annual General Meeting approved a dividend of EUR 88.5 million, equivalent to EUR 0.645 per share. This was a substantial increase compared to last year’s dividend of EUR 0.436 per share. The first installment was distributed in June.
  • Betsson has continued to expand its product portfolio, particularly in sports and casino offerings. New sports and casino games were added, and the company entered into several new sponsorship deals. A key acquisition was the purchase of Sporting Solution, which enhances Betsson’s sportsbook capabilities.