Betsson posted record revenue during the second quarter of 2026, thanks to its performance in Latin America and increased activity around the FIFA World Cup.
Betsson’s revenue grew 2.1% year-on-year to €310.2 million in the quarter ending June 30. In organic terms, growth was 6.1%. With these figures, the operator achieved the highest quarterly revenue in its history.
However, higher gambling taxes, increased payment costs, and a decline in B2B revenue affected profitability, with the company’s operating profit falling 40% compared to the same period in 2025.
Pontus Lindwall, CEO of Betsson, stated that the second quarter was characterized by “solid and continued growth” in the B2C business, while the decline in revenue from a major B2B client impacted the group’s overall performance.
Gross profit fell 8.5%, from €193.9 million to €177.5 million, while the gross margin stood at 63.9%, compared to 57.2% the previous year.
Meanwhile, EBITDA dropped 30.5% to €58.5 million, compared to €84.1 million in 2025. The EBITDA margin fell to 18.8% from 27.7%.
Latin America, the driving force behind Betsson
Latin America was Betsson’s main growth driver. During the second quarter of 2026, the operator achieved record revenue of €112.1 million, up 32.3% from 2025, when the figure was €84.7 million.
The region accounted for 36% of total revenue, ahead of Central and Eastern Europe and Central Asia, which accounted for 32%.
Betsson recorded record revenue, deposits, and turnover in Latin America, in both the casino and sports betting segments.
Performance was driven by Argentina, Peru, and Colombia, where investment in product, brand positioning, and advertising campaigns around the FIFA World Cup helped boost existing player activity and new customer acquisition.
Lindwall describes Peru and Argentina as the region’s “brightest stars.” “As in previous quarters, the strongest growth came from Latin America, which has become the company’s largest region and where we achieved record revenue,” he stated.
According to Lindwall, “the increase was broad-based and was further driven by higher activity during the 2026 FIFA World Cup.”
Figures in the rest of the world
Betsson’s revenue in Western Europe climbed 8.3% year-on-year to €64.2 million, marking an all-time high. Italy broke records for revenue, turnover, and deposits.
France, for its part, reported improvements compared to the second quarter of 2025, while Belgium saw a year-on-year decline.
Revenue from Central and Eastern Europe and Central Asia fell 14.9%, from €118.2 million to €100.6 million, mainly due to a decline in the B2B business. B2C operations remained solid, with revenue growth in Croatia, Greece, Georgia, Lithuania, Poland, and Estonia.
In turn, revenue from the Nordic countries fell 17.1% year-on-year to €28.1 million, as a result of lower casino activity in Sweden and Denmark.
Lastly, in the Rest of the World segment, revenue fell from €7.6 million to €5.3 million, partly due to weak performance in Canada.
The casino business accounted for 70% of the group’s total revenue. Revenue from this activity grew 2.5% to €217.6 million, compared to 2025. Revenue from sports betting remained virtually stable, with a 1.4% increase to €91.3 million. This segment accounted for 29% of the group’s revenue.