ATG has reported revenue of SEK1.5bn (£120m) for the second quarter of 2025, representing a 2% decrease when compared to the same period the previous year.
Net gaming revenue for the quarter remained flat compared to Q2 2024, amounting to SEK1.4bn.
Horseracing revenue made up the vast majority of the total, drawing in SEK1bn. This was the only vertical that experienced growth for the operator, increasing from SEK996m the previous year.
Sports betting contributed SEK195m, down 5.8% against Q2 2024. ATG attributed this partly to increased interest in Euro 2024 last year. ATG’s casino revenue also decreased 12% year on year (YoY) to SEK161m.
The number of active customers was unchanged at around 1.4 million.
The operator paid SEK324m in gaming taxes for the quarter, up 12.1% YoY.
An increased gambling tax rate of 22% was introduced in Sweden in July 2024, up from the previous rate of 18%.
An ATG statement read: “The increased gaming tax has resulted in a significant increase in tax costs. These are the main reasons for ATG’s poor performance.”
EBITDA for the quarter amounted to SEK469m, down from SEK531m in Q2 2024.
Looking at the first half of the year, group revenue totalled SEK2.9bn, down from SEK3.1bn in H1 2024.
So far this year, ATG has unveiled its Finland-facing joint venture Hippos ATG and announced the launch of its new V85 product, set to hit the Swedish market by October 2025.
ATG CEO Hasse Lord Skarplöth noted the company may look at further cost cutting measures as the year progresses.
He said: “ATG’s operations are very scalable, higher revenues have a large impact on operating profit. Since growth has failed during the first half of 2025, ATG will further review costs to ensure good profitability going forward.
“Even though the outside world feels more uncertain than in a long time, there is one thing I never doubt – the power of our commitment.
“Together, we will do everything we can to strengthen trotting and galloping sports and the entire Swedish horseracing industry.”
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Swedish operator generates revenue SEK1.5bn for the second quarter, down 5% compared to the previous year
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