Betsson released its financial results for the second quarter (Q2) and first half (H1) of 2025, showcasing substantial year-over-year growth. Revenue increased by 12% in Q2, reaching €303.7m ($271.5m), and by 15% in H1, totaling €597.3m.
Betsson’s Q2 performance exceeded expectations, with group revenue surpassing €300m. EBITDA for Q2 reached €84.1m, an 8% year-on-year increase, although the margin decreased slightly to 27.8% from 28.6% in Q2 2024. Operating income also saw an 8% rise, reaching €69m. This revenue growth stemmed from an 11% increase in casino revenue and a 15% surge in sports betting revenue compared to the same period in 2024. The number of active customers remained stable at approximately 1.4 million.
Despite the positive revenue figures, Betsson’s net debt increased significantly in Q2 2025, climbing from €93.1m in Q2 2024 to €151.8m.
For the first half of 2025, Betsson’s net revenue approached €600m, representing a 15% year-over-year growth. Operating income grew by 9%, reaching €133m, while EBITDA increased by 8% to €161.8m. Operating cash flow for H1 2025 was €127.5m, and net income reached €97.3m, or €0.71 per share.
In other news, Betsson secured a new sponsorship deal with Club Brugge, its first football-related partnership in Belgium. The company also announced the withdrawal from its planned acquisition of Holland Gaming Technology to pursue alternative strategic options. Furthermore, Betsson received a SEK 6.5m ($670,000) fine from the Swedish regulator due to AML compliance issues. Finally, Betsson opened a new technology hub in Málaga, Spain, as part of its ongoing technological expansion. Q2 revenue showed an increase from the €293.7m reported in Q1 2025, driven by strong performance in the Peruvian and Argentinian markets, according to CEO Pontus Lindwall.
Commenting on the results, CEO Pontus Lindwall stated that Betsson’s strong customer engagement, continuous product development, and expanding market presence position the company well for future growth in the online gaming sector. He highlighted the 12% increase in group revenue and the 8% rise in operating income in Q2 2025, noting that this occurred despite the absence of major sporting events such as the UEFA European Championship and Copa America that were present in the same quarter of the previous year. He expressed confidence in the company’s prospects for the third quarter, emphasizing the ongoing focus on product development, data-driven marketing, and responsible gaming practices.
