Betsson Q1: Revenue up 18% to €293.7m
The casino and sportsbook operator has recorded another positive Q1 period.
Key Points
- Betsson has released its Q1 report, with growth recorded across the board
- Revenue, net profit and income, EBITDA and active customers all recorded increases
- This follows several strategic initiatives from Betsson
Betsson has posted its Q1 report for the period ending 31 March 2025.
Revenue increased by 18% for a total of €293.7m ($334.5m), which reflects several years of Q1 growth for the company.
When analyzing the different sectors, casino revenue also increased by 18% to €212.3m, while sportsbook revenue grew by 22% to €79.7m.
Gross sportsbook turnover rose 10% to €1.83bn with a sportsbook marking after free bets of 8%.
Gross profit for Betsson climbed 15% to €187.9m, while operating income grew 11% to €64m and net income jumped 13% to €48.4m.
EBITDA was also in the green, increasing 9% to €77.7m. The number of active customers also went from 1,281,267 to 1,370,564, indicating a rise of 7%.
Pontus Lindwall, Betsson AB CEO, said: “The start of the year has been strong with continued high customer activity and profitable growth for Betsson.
“Despite fewer days and seasonal effects, new record levels were reached for customer deposits and gaming turnover during the first quarter.”
Good to know: In February, Betsson was awarded its license for the newly regulated Brazliian market and launched its first product offerings in the jurisdiction in early April
Nordics
Latin America
Western Europe
Central & Eastern Europe and Central Asia
Rest of World
Lindwall continued: “The world around us is currently characterised by great uncertainty and concerns about reduced world trade, higher inflation and a weakening economy.
“We are closely monitoring macroeconomic developments, but at the same time we note that demand for gaming products has historically been relatively unaffected by the general economic cycle.
“Betsson operates in an attractive sector with structural growth driven by the continued online migration of gaming. The share of online gaming in the world will continue to increase for many years to come and we have a clear vision to deliver the best customer experience in the industry.
“With a scalable, global business model and proprietary products and technology, we are well positioned for continued profitable growth going forward.”
Comparison to competitors
Company Revenue change (%) year-on-year
Betsson 18
Entain 9
BetMGM (50% owned by Entain) 34
FDJ United -1.4
Las Vegas Sands -3.4
Boyd Gaming 3.2
Svenska Spel -4
Churchill Downs 9
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