{"id":6667,"date":"2024-02-17T00:18:51","date_gmt":"2024-02-17T00:18:51","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/02\/17\/betsson-2023-earnings-reveal-22-revenue-spike-breaking-1-billion\/"},"modified":"2024-02-17T00:18:51","modified_gmt":"2024-02-17T00:18:51","slug":"betsson-2023-earnings-reveal-22-revenue-spike-breaking-1-billion","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/02\/17\/betsson-2023-earnings-reveal-22-revenue-spike-breaking-1-billion\/","title":{"rendered":"Betsson 2023 Earnings Reveal 22% Revenue Spike Breaking $1 Billion"},"content":{"rendered":"<div>\n<p>During the announcement of its financial results, Betsson, one of the world\u2019s online gambling titans, revealed a revenue increase of 22%, totaling \u20ac948.2 million ($1 billion) in 2023. This growth was notably organic, accounting for 40% of the total increase.<\/p>\n<p>The company\u2019s EBITDA experienced a remarkable 52% rise, reaching \u20ac262.7 million ($282.6 million), with an improved margin of 27.7%, a significant boost from the 22.2% margin of the previous year. Operating income (EBIT) followed suit, jumping 60% to \u20ac210.5 million ($226.5 million) and marking a margin increase to 22.2% from 16.9% in 2022.<\/p>\n<p>Betsson\u2019s sportsbook vertical saw a 7% revenue increase to \u20ac267 million ($287.27 million), paralleled by a 37% growth in deposits to \u20ac5.01 billion ($5.39 billion).<\/p>\n<p>In the final quarter of 2023, Betsson\u2019s revenue hit \u20ac251.9 million ($270.3 million), a 14% increase year-over-year. This period also highlighted a 36% organic growth, with the casino vertical dominating by contributing 72% to the group\u2019s revenue. Casino revenue itself rose by 25.1% year-over-year to \u20ac182.8 million ($196.65 million), with mobile gaming driving 86% of the casino\u2019s revenue.<\/p>\n<p>Although sportsbook revenue slightly declined by 5% to \u20ac67 million ($72 million), attributed to the previous year\u2019s soccer World Cup event, EBITDA and operating income soared by 40% and 42% respectively, with net income reaching \u20ac43.3 million ($46.57 million) and operating cash flow at \u20ac47.6 million ($51.2 million). A 6% decrease in active customers was noted, reflecting changing consumer habits.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"7Bit Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/7BitCasino.png\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"7Bit Casino\" target=\"_blank\" rel=\"nofollow noopener\">7Bit Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>177% up to 5BTC + 77 <strong>\u00a0Free Spins<\/strong>!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Sportsbook accounted for 27% of the total revenue, with mobile betting contributing significantly. Revenue from other products, such as poker and bingo, represented a small fraction, while license revenue from system delivery to B2B customers increased notably to \u20ac65.1 million ($70 million), up from the previous year\u2019s \u20ac48.8 million ($52.48 million), making up 26% of the group\u2019s revenue.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/betsson-2023-earnings-reveal-22-revenue-spike-breaking-1-billion\/\">Betsson 2023 Earnings Reveal 22% Revenue Spike Breaking $1 Billion<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>During the announcement of its financial results, Betsson, one of the world\u2019s online gambling titans, revealed a revenue increase of 22%, totaling \u20ac948.2 million ($1 billion) in 2023. This growth was notably organic, accounting for 40% of the total increase. The company\u2019s EBITDA experienced a remarkable 52% rise, reaching \u20ac262.7 million ($282.6 million), with an [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-6667","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/6667","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=6667"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/6667\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=6667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=6667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=6667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}