Betsson AB has announced Q4 2025 revenue of €303.9m (£263.9m), as EBITDA at the Stockholm-listed firm slipped 20% year on year (YoY).
Revenue slipped 1% from €306.8m in Q4 2024, with a 3% gain in online casino offset by a 9% decline in sports betting for the Betsafe parent company.
EBITDA declined 20% YoY from €86.4m to €69.3m while EBIT slumped 24% from €70.2m to €53.2m.
The earnings were in line with Betsson’s preliminary update in mid-January, which sent the operator’s shares sliding as a result.
Betsson’s stock is down a further 3.6% at the time of writing to SEK102.
Online casino revenue hit €219.8m during the quarter, as bosses pointed to the launch of more than 500 new games across the operator’s brands.
The vertical accounted for 72% of all group revenue.
Sports betting revenue fell to €82.7m, while the sports betting margin dropped from 9.8% to 8.8%.
Geographically, Central and Eastern Europe and Central Asia (CEECA) remains the dominant region for Betsson, returning 40% of group revenue.
However, CEECA revenue was down 8.9% YoY from €132.2m to €120.4m amid declines in Estonia and Georgia.
Latam, with 28% of group revenue, reported a 7.9% increase to €84.3m, which management said was powered by online casino gains.
Western Europe reported a 15.5% YoY jump in revenue to €60.8m, with Italy reporting all-time high revenue for Q4.
The Nordics continued to decline, with revenue slipping 15.9% to €33.6m.
Revenue from locally regulated markets as a percentage of group revenue jumped to 67.7% compared to 59.5% in 2024.
B2B revenue was down from €82.4m to €70.7m as one of Betsson’s partners delivered lower revenue during the reporting period.
On a full-year basis, group revenue was up 8% YoY to €1.2bn, while EBITDA dipped 1% to €313.7m.
Betsson confirmed that up to and including 3 February 2026, average daily revenue was 0.6% higher than it was in Q1 2025.
Pontus Lindwall, Betsson CEO, said: “Lower B2B revenue, higher gaming taxes and continued investments in product and technology had a negative impact on profitability in the quarter.
“Looking ahead, we are entering 2026 with a number of activities that provide good conditions for growth.
“We are also looking forward with great anticipation to the FIFA World Cup, where a record number of matches and participating nations will create exciting opportunities for betting and for attracting new customers.
“The investments made in recent years, as well as our pipeline of projects for 2026, support our ambition to continue to generate long-term shareholder value.”
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Operator says B2B revenue decline and larger investments saw profitability impacted during the final quarter of last year
The post Betsson reports 20% EBITDA decline in Q4 2025 to €69m first appeared on EGR Intel.