ATG has recorded an operating profit of SEK434m (£34.6m) for the third quarter of 2025, representing a 9.3% increase year on year (YoY).
Net gaming revenue for the quarter amounted to SEK1.3bn, up 1% when compared to the corresponding period the previous year.
The operator’s horseracing revenue rose slightly from SEK956m to SEK958m, while sports betting revenue increased 6.2% YoY to SEK171m.
The group’s casino revenue decreased slightly compared to Q3 2024, dropping 1.2% YoY to SEK167m.
The Swedish market was the biggest source of ATG’s Q3 revenue, contributing SEK1.2bn, with Denmark adding a further SEK82m.
Operating profit was reached after factoring in SEK324m of gambling taxes, SEK174m of personnel costs and SEK505m of other expenses.
Despite the tax rate in Sweden increasing from 18% to 22% in July last year, ATG said its gambling tax costs had shrunk by SEK7m and were down from SEK331m in Q3 2024.
Looking at the year to date, group revenue totalled SEK4.4bn, down 2.2% YoY.
Post-tax profit for the year came to SEK1.1bn, down from SEK1.2bn the previous year.
ATG CEO Hasse Lord Skarplöth hailed Q3 as a positive turning point for the operator after a difficult year.
He said: “It has been a challenging first half of the year for us, but the third quarter marks a small turnaround for ATG. The group’s net gaming revenue increased by 1% compared to the same quarter last year.
“Overall, the group’s net gaming revenue for the first nine months of the year is 3% lower than the corresponding period last year. However, it is pleasing to note that the trend during the third quarter is positive.
“To meet a changing market, we work consistently with efficiency improvements to reduce costs and strengthen profitability. We are already seeing clear results from an even more focused use of resources.
“Our ambition is clear: to create sustainable growth and strengthen ATG’s long-term competitiveness – for the benefit of our customers, the sport and the entire horseracing industry.”
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Metric up 9% year on year as CEO Hasse Lord Skarplöth notes the business is “showing signs of stabilisation” after a challenging 12 months
The post ATG operating profit reaches SEK434m in Q3 following cost-cutting measures first appeared on EGR Intel.