Italy Leads Western Europe Gains in Betsson Q3 Results

Betsson has shared its Q3 performance and highlighted steady growth across several core regions, with strong results in both Western Europe and Latin America. The company closed the quarter ending 30 September with an increase in group revenue and continued confidence in its global expansion strategy.

Good to Know

• Group revenue reached 295.8 million euros for Q3
• Locally regulated markets accounted for 64% of total revenue
• A new share buyback programme of up to 40 million euros has been approved

Group revenue for Q3 landed at 295.8 million euros, an increase of 5.6 percent year over year. EBITDA rose to 82.5 million euros, while operating income reached 66.9 million euros, marking modest growth for both metrics. Betsson noted continued stability from its diversified product mix and broad geographic spread.

Locally regulated markets played a larger role this quarter, rising to 64 percent of total revenue, up from 58 percent during the same period last year. Performance in Western Europe, especially Italy, was a key contributor. Italy delivered all-time high revenue, strongly supported by Betsson’s online casino growth in the market.

Western Europe generated 56.9 million euros in revenue for Q3, equivalent to 19 percent of total group revenue. Within that, iGaming accounted for 45.7 million euros, and sportsbook delivered 11.1 million euros.

Betsson CEO Pontus Lindwall said the company continues to advance digital gaming adoption worldwide:

“We have a proven, successful product portfolio consisting of both casino and sports betting, as well as a well-diversified mix of revenues from different geographical regions, which lowers the risks of periodically weaker developments in individual products or markets.”

Lindwall added that the group will keep investing to strengthen its standing:

“I look forward with confidence to the end of the year and ahead to 2026 with the upcoming World Cup in football. Our strong balance sheet enables continued investments in product development and strengthened market positions.”

LatAm Continues to Grow, Driven by Casino Strength

Latin America remains a major area of focus for Betsson. The company launched in Brazil and Paraguay in 2025 and continues to operate in Colombia and Peru. The region delivered 10.2 percent year-on-year revenue growth in Q3.

Casino revenue in LatAm reached record levels at 56.6 million euros, up from 46.1 million euros last year. Sportsbook revenue fell from 23.1 million euros to 19.8 million euros, something Betsson linked to lower seasonal betting activity and the absence of last year’s major football tournaments such as the European Championship and Copa America.

LatAm contributed 26 percent of total group revenue for the quarter.

Long-Term Plan

For the nine months ending 30 September, group revenue rose 11.7 percent to 893.1 million euros. EBITDA grew to 244.4 million euros, and operating income increased to 199.9 million euros. Betsson stated that it aims to “sustainably outgrow the market” through growth in current regions, expansion into new territories, and advancing its B2B offering.

Share Buyback Programme Announced

Alongside the earnings update, Betsson confirmed a share buyback programme of up to 40 million euros. The repurchases will be carried out on Nasdaq Stockholm and managed by Arctic Securities AS. The programme will remain active until 30 April next year.

FAQ

Which region performed best for Betsson in Q3?

Italy led performance in Western Europe, reaching record revenue levels for Betsson’s online casino product.

Why did sportsbook revenue decline in LatAm?

Seasonally lower betting activity and the absence of last year’s major football tournaments reduced sportsbook turnover and margin.

What is Betsson’s long-term growth approach?

Expanding in regulated markets, entering new regions, and building out B2B capabilities while maintaining a diverse product mix.

How large is the share buyback?

Betsson authorized up to 40 million euros in share repurchases through April next year.

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