Betsson AB has reported Q1 2026 revenue of €285.3m (£247.3m), representing a downturn of 3% year on year (YoY), while EBIT slid 47% on the back of softer B2B performance.
The results were in line with the trading update issued earlier this month, EBITDA fell 36% to €50m and EBIT came to €34m.
A decline in B2B revenue, from €90.2m to €51.2m, hampered profitability.
On the B2C side, gains in Latam and a record performance in Italy were called out by bosses as highlights.
Online casino revenue fell 4% to €203.8m as stakes slipped 17.2% to €8bn.
Sports betting revenue ticked up marginally by 0.6% to €80.2m. Stakes were down 20.5%, although sportsbook margin rose to 8.4%.
Online casino continues to represent the lion’s share of revenue at 71% versus sports betting at 28%. Other products make up the remainder.
Geographically, Central and Eastern Europe and Central Asia (CEECA) was the largest revenue source for the group (34%) during the reporting period.
While the region’s revenue was down 21.8% YoY to €95.7m, this was linked to the B2B decline. B2C operations “continued to perform well”, management noted.
Latam revenue leaped 24.7% to €93m to account for 33% of group revenue. Casino gains were cited as the core driver for the increase, with Peru and Colombia the standout markets.
Western Europe revenue rose 10.3% to €61.3m. Italy reported all-time high revenue, including records for deposits and turnover.
The Nordics continued its decline, with revenue slumping 16.9% YoY to €31.4m.
Revenue from locally licensed jurisdictions hit a record high during the quarter at 72.6%.
The Stockholm-listed operator, which runs brands including Betsson, Betsafe and Rizk, also noted Q2 was trending positively as well.
Average daily revenue is currently up 3.7% compared to Q2 2025 and the sportsbook margin is higher than the previous eight consecutive quarters.
The company’s stock is flat today at SEK98 (£7.84). The trading update earlier this month saw the stock slump 20%.
Pontus Lindwall, Betsson AB CEO, said: “During the first quarter of the year, our B2C operations continued to perform well, with solid growth and strengthened market positions, while our B2B revenue continued to decline.
“In June, the FIFA World Cup will begin, which we expect to contribute to increased activity and customer intake.
“Our investments in recent years have strengthened our position and, with a competitive offering, a strong brand and a proven strategy, we are well positioned to capitalise on opportunities in the global online gaming market.”
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Swedish operator says the supplier arm will stabilise, as CEO looks ahead to World Cup as a key H2 performance driver
The post Betsson AB reports Q1 EBIT slump of 47% as B2B decline bites first appeared on EGR Intel.