Betsson AB publishes January–September 2026 interim results with record quarterly revenue
Q3 revenue EUR 326.5M; EBITDA and net profit fell versus 2025 amid LatAm expansion and acquisitions
Key Takeaways
- Betsson AB reported Q3 2026 revenue of EUR 326.5 million, up 10% year-on-year, and EUR 922.1 million for January–September 2026.
- Quarterly EBITDA was EUR 63.4 million (down 23% year‑on‑year) with an EBITDA margin of 19.4%.
- Net profit for Q3 was EUR 28.2 million (EUR 0.19 per share); cumulative net profit for Jan–Sep was EUR 84.1 million.
- Growth in the quarter was driven by casino and Latin American markets (revenue +50% in LatAm); Betsson completed the acquisition of Rhino and rebranded betFIRST in Belgium.
Betsson AB reported group revenue of EUR 326,5 millones in the third quarter of 2026, an increase of 10% versus EUR 295,8 millones in the same quarter of 2025, with organic growth of 8%. For the January–September 2026 period the group recorded revenue of EUR 922,1 millones compared with EUR 893,1 millones in 2025, up 3% with 6% organic growth.
Third-quarter results (July–September 2026)
The product split shows that the [casino](/casino) product increased revenue by 14%, while the [sportsbook](/sports) grew 1% and had a betting margin of 8,1% (versus 8.8% in Q3 2025). Quarterly EBITDA was EUR 63,4 millones, a decline of 23% versus EUR 82,5 millones in 2025, and the EBITDA margin fell to 19,4% from 27.9%.
Operating profit (EBIT) stood at EUR 46,1 millones, a decrease of 31% compared with EUR 66,9 millones in 2025, and the operating margin was 14,1% (22.6% in 2025). Net profit was EUR 28,2 millones, equal to EUR 0,19 per share, versus EUR 50,1 millones and EUR 0,34 per share a year earlier. Operating cash flow for the quarter reached EUR 54,5 millones (EUR 64,8 millones in 2025). Net debt at quarter-end was EUR -98,3 millones (EUR -220,0 millones in 2025). B2C active customers rose to 1,9 millones, from 1.3 million a year earlier.
January–September 2026 cumulative results
For the first nine months of 2026 cumulative EBITDA was EUR 171,8 millones, a decrease of 30% versus EUR 244,4 millones in 2025, with an EBITDA margin of 18,6% (27.4% in 2025). Cumulative EBIT was EUR 122,3 millones, down 39% from EUR 199,9 millones, and the EBIT margin was 13,3% (22.4% in 2025).
Net profit for the period was EUR 84,1 millones, equal to EUR 0,59 per share, compared with EUR 147,5 millones and EUR 1,04 per share in 2025. Cumulative operating cash flow was EUR 173,0 millones (EUR 192,3 millones in 2025). The annual general meeting approved a dividend of EUR 0,66 per share, versus EUR 0,76 the previous year, which included an extraordinary EUR 0,10 per share dividend in 2025.
Management commentary and operating drivers
The company attributes the strong customer activity in Q3 to the FIFA World Cup and the start of major European leagues, with increases in deposits and total wagering. Betsson says the quarter’s growth was driven mainly by the casino product and by markets in Latin America, where revenue rose by more than 50%; Peru and Argentina are mentioned specifically for high activity and World Cup-related marketing campaigns.
In August Betsson completed the acquisition of Rhino Entertainment Group (Rhino), which was consolidated into the group and contributed positively to quarter revenue and results, according to the statement. At the end of the quarter Betsson launched its brand in Belgium through the rebranding of betFIRST.
The company also reported continued investment in proprietary product and technology. Among sportsbook innovations were in-play options for extra time in football matches and dedicated pages for teams and players in major European fixtures. In casino the company released the game "Gates of Inter", developed for Betsson with graphics tied to its Inter Milan sponsorship; it is the third casino title linked to an exclusive Betsson sponsorship, after games based on Boca Juniors and Atletico Nacional.
Report presentation and how to access materials
The third-quarter 2026 results presentation was held on 22 October 2026 at 09:00 CEST, hosted by Chairman and CEO Pontus Lindwall and CFO Martin Öhman; the presentation was in English and followed by a Q&A session. Interested parties could access the [webcast](/events) and the teleconference.
Company contacts quoted in the statement: Pontus Lindwall, President and CEO Betsson AB ([email protected]); Martin Öhman, CFO Betsson AB ([email protected]); Roland Glasfors, VP Communications & Investor Relations Betsson AB (+46 760 024 863, [email protected]).
The information was published by Betsson AB on 22 October 2026 at 07:30 CEST in compliance with the EU Market Abuse Regulation.
Company profile
Betsson AB states it is an active owner of high-growth companies in the online gaming sector. The company is listed on Nasdaq Stockholm Large Cap under the ticker BETS-B and says it aims to grow organically and by acquisition in a profitable and sustainable way.
Frequently Asked Questions
What were Betsson’s revenues in Q3 2026?
Group revenue in Q3 2026 was EUR 326.5 million, a 10% increase versus EUR 295.8 million in Q3 2025.
How did EBITDA and margins evolve in the quarter?
Quarterly EBITDA was EUR 63.4 million, down 23% from EUR 82.5 million in 2025, and the EBITDA margin fell to 19.4% from 27.9% the previous year.
Which markets drove Betsson’s growth in 2026?
Growth was mainly driven by the casino product and Latin America, where Betsson reported revenue increases of over 50%, with Peru and Argentina specifically highlighted for strong activity and World Cup campaigns.
What acquisitions or rebrands did Betsson report in the quarter?
In August Betsson completed the acquisition of Rhino Entertainment Group, consolidated the business into the group, and at quarter-end rebranded betFIRST to launch the Betsson brand in Belgium.
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About the author
Emilio Navarro
Industry Technology Correspondent
Emilio Navarro covers the cross-cutting technology and business of iGaming — platforms, data and AI, compliance tooling, affiliate marketing, financial results, and the stories that fit no single rubric. The reports open with the announcement, cite vendors and figures exactly as published, and keep a healthy distance from press-release language. When a supplier unveils a new engine or the advertising rulebook changes, Emilio Navarro reports what genuinely changes.
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