Betsson closed the third quarter of 2026 with record revenue of 326.5 million euros, after reaching a historic customer figure. However, the operator recorded a 44% drop in net profit due to increased operating costs.
Betsson’s revenue grew 10% compared to the same period in 2025, while net profit fell from 50.1 million to 28.2 million. Both the casino and sports betting segments saw annual increases. Additionally, the number of active customers reached a historic high of 1.9 million, 40% more than a year ago.
The Swedish company highlighted the impact of the final stages of the FIFA World Cup 2026 during the start of the quarter on customer deposits and gaming volume.
The operator also highlighted the positive effects of the acquisition of Rhino Entertainment Group.
However, despite the growth in activity, EBITDA fell 23% to 63.4 million euros, as a result of increased marketing spending and personnel costs.
Pontus Lindwall, Chairman and CEO of Betsson, was optimistic about the results and noted that the record revenue and customer figures demonstrate the strength of the company’s business model.
“Revenue reached a new all-time high for a quarter. This is especially positive since the sports betting margin was considerably lower than that recorded during the second quarter. Growth was driven by the casino business,” he said.
“This performance demonstrates the strength of our diversified business model, which is characterized by a wide geographic presence, several strong brands, and a competitive betting and casino offering,” he added.
Casino drives Betsson’s revenue
Casino activity was not only the group’s main source of revenue, but also the engine of year-over-year growth. Revenue from the segment totaled 253.5 million, 14% more than the same period of the previous year.
On the other hand, sports betting revenue added up to 71.8 million, just 1% more, despite an 8% increase in total betting volume to 1,370 million, driven by the FIFA World Cup. The sports betting margin fell from 8.8% to 8.1%.
By geography, Latin America continues to concentrate the largest share of revenue, with 116.1 million (52% more) and a new quarterly record. Argentina, Peru, and Colombia saw strong growth, thanks to customer activity and business progress, which Betsson links to its marketing campaigns tied to the World Cup. Regarding the betting ban in Brazil, the company noted that the long-term impact is uncertain.
In Western Europe, Betsson’s revenue climbed 14% to 64.8 million, a result driven by record figures in Italy and growth in France, although partially offset by a decline in Belgium.
In Central and Eastern Europe and Central Asia (CEECA), revenue fell 17% to 99.2 million, while the Nordic countries also recorded a revenue decline of 10% to 32.7 million. In the Rest of the World segment, Betsson reported revenue of 13.7 million, representing a 106% increase.
An intense end of year for Betsson
In the cumulative period from January to September, revenue rose to 922.1 million euros, up 3%, while EBITDA plummeted 30%, to 171.8 million. Net profit stood at 84.1 million, compared to the 147.5 million recorded in the first nine months of 2025.
According to Lindwall, the start of October has been positive. “We expect an intense end to the year,” he anticipated. “We have a packed agenda of activities aimed at improving the entertainment experience and customer relationships,” he stated.
“We have a scalable business, attractive products, and a strong market position. We are well prepared to resume profit growth and continue creating long-term value for our shareholders,” he concluded.