Betsson AB has posted a 12% year-on-year (YoY) jump in revenue to €303.7m (£263m) for Q2 2025, with all-time highs recorded in western Europe and Latam for the Stockholm-listed business.
Revenue shot up from €271.5m in Q2 2024, with Betsson noting organic growth of 16% in the process.
EBITDA amounted to €84.1m, marking an 8% YoY increase from Q2 2024’s €77.6m. EBITDA margin slipped slightly from 28.6% to 27.7%.
Operating income, or EBIT, also increased 8%, up from €64.1m to €69m, with a corresponding margin of 22.7%.
Bosses said the gains came against Q2 2024, even with last year’s reporting period playing host to Euro 2024 and the Copa América, as well as strong performances in Latam and Europe.
Breaking revenue down by vertical, casino improved 11.1% from €191.1m to €212.4m, accounting for 70% of all group revenue.
The operator added 400 new casino games during the quarter, as well as 53 live casino titles, with more than €9bn staked on its igaming proposition.
Sports betting revenue rose 14.9% to €90m, up from €78.4m, with stakes down 4.3% to €1.5bn. Sports betting margin was 9.5%, way above the rolling eight-quarter average of 7.9%.
B2B revenue was up from €70.6m to €75.6m, while regulated revenue for Betsson came to €199.6m, representing 65.7% of the group total.
Geographically, it was a record quarter for western Europe and Latam, with the two regions helping push the operator forwards.
Western Europe revenue leapt 35.6% from €43.7m to €59.3m, driven by online casino and record performance in Italy.
In Latam, revenue jumped 35.4% to €84.7m, with record revenue being joined by record deposits and casino turnover. The operator’s sponsorship portfolio in the region played a key role in the developments, bosses said.
Central and Eastern Europe and Central Asia (CEECA) remained the group’s largest revenue driver, with €118.2m, although there had been a slowdown in growth.
The Nordics continued to suffer, with revenue slumping 28.4% to €33.9m. All markets reported a decrease in revenue as Betsson pumped less marketing euros into the region.
Global active customers hit 1.4 million, down 1.4% YoY. However, deposits reached €1.5bn, up 4.4%.
On a H1 basis, revenue rose 15% to €597.3m, with EBITDA up 8% to €161.8m.
During the quarter, Betsson said it had continued to develop its native apps, mainly for Argentina, as well as launched a new frontend framework.
Looking ahead to Q3, bosses said average daily revenue up to 13 July was 5.2% higher than the average for the full Q3 2024.
Pontus Lindwall, Betsson AB CEO, said: “With continued strong customer engagement, continuous product development and a growing market presence, Betsson is well positioned to capture global growth opportunities in the structurally attractive market for online gaming.
“We are entering the third quarter with good pace and confidence. With a constant focus on product development, data-driven marketing and responsible gaming, we are well placed to continue delivering profitable growth.”
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