Betsson reported steady profitability in Q3 2025, with record casino results and strong Western European performance driving growth.
Total revenue rose 6% year-on-year to €295.8m, while EBITDA increased 3% to €82.5m, maintaining a margin of 27.9%.
Casino operations led the quarter with an all-time high of €223m—75% of group revenue—boosted by the addition of 483 new games, including 30 exclusive titles. Sportsbook revenue also climbed 4% to €71.2m, despite seasonal dips in turnover.
Revenue from locally regulated markets grew 16% to €188.6m, making up 64% of total revenue. Western Europe was the top-performing region, up 27% to €56.9m, driven mainly by casino and sportsbook gains in Italy. Latin America posted 10% growth to €76.5m, achieving record casino figures despite a slight sportsbook slowdown. The Nordics saw a 20% drop to €36.4m, reflecting reduced marketing and Betsson’s withdrawal from Norway. Meanwhile, the CEECA region increased 2.6% to €119.3m, with record results in Croatia and Greece, and the rest of the world surged 50% to €6.6m following the Sporting Solutions acquisition.
B2B operations also strengthened, with system delivery licence revenue up to €76.9m (26% of total), supported by new clients and integrations of Sporting Solutions (2024) and KickerTech (2022). Customer deposits dipped 2% to €1.45m, registered users fell 2.3% to 30.4 million, and active customers dropped 1.4% to 1.34 million due to market exits.
The company also launched a €40m share buyback programme on Nasdaq Stockholm, running from 24 October 2025 to 30 April 2026. CFO Martin Öhman and CEO Pontus Lindwall stated that this move reflects Betsson’s strong financial position and does not affect its M&A or growth plans.
In a Q4 trading update (through 19 October), Betsson reported a 2.1% rise in average daily revenue year-on-year, or 9.5% adjusted for currency and acquisitions. Lindwall expressed optimism for the year-end and 2026, citing the upcoming football World Cup and the company’s solid balance sheet as foundations for continued investment, market growth, and shareholder returns.
