Betsson Flags 47% EBIT Drop in Q1 2026

Betsson has flagged a weaker first quarter, with higher taxes, a different revenue mix, and softer B2B income all hitting margins. Full results are due on April 24, but the early message is clear: revenue slipped a little, profit dropped much harder.

Good to Know

• Betsson expects Q1 revenue of 285 million euro, down 3 percent year on year.
• EBIT is seen at 34 million euro, down from 64 million euro.
• Early Q2 trading improved, with daily revenue up 9 percent to April 8.

Betsson Warns on Q1 as Taxes and B2B Pressure Hit Margins

The Stockholm listed group said first quarter revenue should land at 285 million euro, down from 294 million euro a year earlier. EBIT is expected to fall 47 percent to 34 million euro from 64 million euro, with higher tax pressure doing much of the damage.

The regional picture was split. Latin America rose to 93 million euro from 75 million euro, while Western Europe improved to 61 million euro from 56 million euro. CEECA moved the other way, falling to 96 million euro from 122 million euro. The Nordics also dropped, slipping to 31 million euro from 38 million euro.

Product trends were uneven too. Sportsbook revenue held flat at 80 million euro. Casino revenue fell by 8 million euro to 204 million euro. The bigger hit came from B2B, where revenue dropped to 51 million euro from 90 million euro, leaving that unit with just 18 percent of group revenue.

Investors reacted fast. Betsson shares dropped from 104.8 SEK to 81.95 SEK within minutes before recovering to 91.30 SEK, still down more than 13 percent on the day.

Chief executive Pontus Lindwall said:

“Our B2B business continues to be weighed down by lower revenue at one of our customers.” He said: “However, since the start of December, this B2B customer has seen a stabilisation in average activity levels.”

He also tried to keep focus on the longer view, saying:

“In the slightly longer term, I am excited about growing our B2B revenue with existing and new partners, as we continue to follow our strategy to generate shareholder value over time.”

On the consumer side, Lindwall commented:

“Our B2C business continues to perform well overall with good growth and significant contribution to operating income.”

 “Nevertheless, we are investing in several B2C markets that are not yet profitable, negatively affecting total EBIT by approximately €10-15m on a quarterly basis.

“We still believe that these markets have potential to become profitable but continuously monitor and evaluate their performance and prospects.”

Betsson came into the quarter after a mixed 2025. Full year revenue rose 8 percent to 1.197 billion euro, while earnings slipped 1 percent to 313.7 million euro as tax pressure started to show more clearly in the fourth quarter.

There was at least one better sign in the update. Betsson said average daily revenue in early Q2 was up 9 percent year on year through April 8, and sportsbook margins were running above the eight quarter average.

The post Betsson Flags 47% EBIT Drop in Q1 2026 appeared first on iGaming.org.