Betsson reports record Q3 revenue of EUR 326.5m, but profits fall in 2026

Betsson AB reported group revenue of EUR 326.5 million for the third quarter (July–September) of 2026, up from EUR 295.8 million a year earlier, an increase of 10% and an organic increase of 8%. The company said EBITDA for the quarter was EUR 63.4 million (EUR 82.5 million), a decline of 23%, while net income fell to EUR 28.2 million (EUR 50.1 million), or EUR 0.19 (0.34) per share.

Third-quarter headline figures

Group revenue for July–September 2026 was EUR 326.5 million, up 10% from EUR 295.8 million in Q3 2025, with an organic increase of 8%. Casino revenue grew by 14%, while sportsbook revenue increased by 1%; the sportsbook margin was 8.1% (8.8%). EBITDA amounted to EUR 63.4 million, down 23% from EUR 82.5 million, producing an EBITDA margin of 19.4% (27.9%). Operating income (EBIT) was EUR 46.1 million versus EUR 66.9 million, a decrease of 31%, and the EBIT margin was 14.1% (22.6%). Net income for the quarter was EUR 28.2 million, corresponding to EUR 0.19 per share, against EUR 50.1 million or EUR 0.34 per share in the prior year.

Operating cash flow in the quarter was EUR 54.5 million (EUR 64.8 million). Net debt was reported at EUR -98.3 million, compared with EUR -220.0 million at the same point last year. Active B2C customers increased to 1.9 million from 1.3 million, a 40% rise and a new record for the group.

January–September 2026 period

For the nine months to 30 September 2026, group revenue totalled EUR 922.1 million, up 3% from EUR 893.1 million, with an organic increase of 6%. EBITDA for the period was EUR 171.8 million (EUR 244.4 million), down 30%, yielding an EBITDA margin of 18.6% (27.4%). Operating income (EBIT) declined to EUR 122.3 million from EUR 199.9 million, a 39% decrease, and the EBIT margin was 13.3% (22.4%). Net income for the period was EUR 84.1 million (EUR 147.5 million), equal to EUR 0.59 (1.04) per share.

Operating cash flow for January–September was EUR 173.0 million (EUR 192.3 million). At the Annual General Meeting the dividend was approved at EUR 0.66 per share, compared with EUR 0.76 the prior year; last year’s dividend included a special dividend of EUR 0.10 per share.

Regional performance, M&A and brand moves

Betsson said the quarter’s growth was driven primarily by Latin America, where revenue increased by more than 50 percent. Peru and Argentina were highlighted for particularly high customer activity and strong revenue growth, which Betsson attributes largely to marketing around the FIFA World Cup. The company completed the acquisition of Rhino Entertainment Group in early August; Rhino was consolidated into the Group and made a positive contribution to revenue and earnings in the quarter.

At the end of the quarter Betsson launched in Belgium through a rebranding of betFIRST. The company said the rebrand to Betsson strengthens its global brand consistency and scalability.

Product and sportsbook developments

Betsson reported that growth in the quarter was driven by the casino product, including new proprietary content. The group added features to the sportsbook during the period, including additional betting opportunities for extra time in football matches and team and player pages for major European matches. The company also launched Gates of Inter, a casino game developed specifically for Betsson with graphics tied to its sponsorship of Inter Milan; this follows sponsorship-based games featuring Boca Juniors and Atletico Nacional.

"With a scalable business model, attractive products and strong market positions, we are well positioned to return to earnings growth and continue creating long-term value for our shareholders," said Pontus Lindwall, President and CEO of Betsson AB.

Financial position and outlook

Operating income for Q3 amounted to EUR 46.1 million, higher than the previous quarter, and the operating margin improved slightly despite a lower sportsbook margin in the quarter. The company stated it continued to invest in product development and proprietary technology during the period. Betsson reported a positive start to October and said it has a full pipeline of activities focused on customer entertainment and engagement.

Report presentation

Betsson invited analysts, investors and media to a presentation of the Q3 report on 22 October 2026 at 09:00 CEST. The presentation was given by CEO Pontus Lindwall and CFO Martin Öhman, held in English and followed by a Q&A; participants could join via webcast or telephone conference. For contact the company listed Pontus Lindwall and Martin Öhman, and Roland Glasfors as VP Communications & Investor Relations.