Betsson revenue hits record on World Cup boost

• Betsson posted record quarterly revenue of €310.2 million in Q2 2026, up 2.1% year-on-year, but EBITDA fell 30.5% to €58.5 million.
• Latin America became Betsson’s largest region for the first time, with revenue up 32.3% to a record €112.1 million, overtaking CEECA.
• Betsson signed a new €75 million credit facility after the quarter for working capital and future M&A, with CEO Pontus Lindwall citing a strong start to Q3.

Betsson Group reported record quarterly revenue of €310.2 million for the three months to 30 June 2026, up 2.1% year-on-year.

Growth in Latin America and increased activity around the FIFA World Cup drove the increase, though profitability fell sharply. EBITDA fell 30.5% to €58.5 million and operating income dropped 38.9% to €42.2 million, as higher gaming taxes, rising payment costs and softer B2B revenue weighed on margins.

Latam takes lead

Latin America overtook Central and Eastern Europe and Central Asia (CEECA) to become Betsson’s largest region during the quarter, generating 36% of group revenue. Regional revenue climbed 32.3% to a record €112.1 million, up from €84.7 million a year earlier.

Betsson reported record revenue, deposits and turnover across both casino and sportsbook verticals in the region. Argentina, Peru and Colombia each posted their strongest quarterly revenue to date, building on momentum already visible across the region.

Suppliers such as Evolution have reported similar Latin American growth earlier in 2026.

Pontus Lindwall, President and CEO of Betsson, said:

“The second quarter was characterised by continued healthy growth in our B2C business, positively impacted by the FIFA World Cup that kicked off in June.”

B2B drags on profit

Profitability took a hit despite the revenue record. Gross profit fell 8.5% to €177.5 million, with the gross margin declining from 63.9% to 57.2%. Net income dropped 38.2% to €30.4 million, down from €49.2 million a year earlier.

Weaker B2B revenue continued to weigh on results, following a sharper collapse flagged in Betsson’s first-quarter profit warning. The company attributed the softness to reduced activity from one larger customer, though it said the trend had stabilised from a lower base.

Casino revenue rose 2% to €217.6 million, and sportsbook revenue increased 1% to €91.3 million. The sportsbook margin improved to 10.5%, up from 9.5% in the same period last year. In Western Europe, growth was again led by Italy, supported by Betsson’s sponsorship of Inter Milan.

Credit line for M&A

After the reporting period closed, Betsson signed a new €75 million multi-currency revolving credit facility with a Nordic bank, intended to support working capital, general corporate purposes and potential acquisitions.

Lindwall said the facility served the operator’s M&A strategy as Betsson weighs further deals in new markets or technology. The move follows a string of recent acquisitions, including the operator’s acquisition of Rhino Entertainment’s Canadian business earlier in 2026.

Lindwall also said Betsson continues to see greater long-term growth potential in Latin America than in Western Europe, pointing to early signs of a strong third quarter. The FIFA World Cup began on 11 June, within Q2, but ran into July, meaning only part of the tournament fell within the reporting period.

“The FIFA World Cup has provided a solid start to the third quarter. The average daily revenue so far this quarter, up to and including 13 July, has been 14 percent higher than the corresponding daily average for the entire third quarter of 2025. With a competitive product offering and strong market positions, we are well placed to continue creating long-term value for our shareholders.”

Average daily revenue between 1 and 13 July came in 13.7% higher than the average recorded across the whole of Q3 2025.

Betsson’s next moves

The new credit facility signals appetite for further consolidation, particularly in Latin America, where Betsson has already indicated ambitions to expand beyond organic growth.

Investors will be watching whether the B2B segment stabilises fully or continues to act as a drag on group earnings through the second half. With the World Cup final now behind the reporting period, the real test for Betsson will be whether Latin American momentum holds once the tournament boost fades from the numbers.