Betsson AB Forecasts Q2 Record Results

Betsson AB Forecasts Q2 Revenue Record
Betsson AB, the Swedish online gambling company, expects to mark Q2 2023 as its most lucrative quarter to date, setting new revenue records.

In a surprise announcement to investors, Betsson AB, the Stockholm-based online gambling group, has forecast Q2 record results. Q2 2023 is set to eclipse all previous records, with revenues predicted to fall between €235.5m and €237.5m.

Accelerated Activity Drives Growth

Driving this unprecedented performance is a marked upturn in customer activity across both the casino and sports betting spheres. What is the net effect? An operating profit that’s headed straight for the record books. Betsson’s bottom-line results anticipate Q2 EBIT to clock in anywhere from €53.5m to €55m, a testament to the higher revenue from active customers and an agile business model that scales effortlessly.

Betsson’s Q2 trading highlights a promising sportsbook margin of about 8.2%, aligning with Q2 2022’s figures and surmounting the rolling average of the previous eight quarters at 7.8%.

Geographical Distribution and Future Expectations

The revenue upsurge is a universal phenomenon, with all regions reporting year-on-year growth. The geographical revenue distribution reveals the Nordics and Latin America each contributing 22%, followed by Western Europe at 11%, Central & Eastern Europe and Central Asia amassing 43%, and the rest of the world at 2%.

Revenues from licensed markets to Betsson’s B2B customers are set to hit somewhere between €64m and €65.5m, equating to about 27% of group revenue. The good news doesn’t stop there; the average daily revenue for Q3 2023 has already risen by 13.7% compared to the entirety of Q3 2022. This increase becomes even more remarkable when adjusted for currency effects and acquisitions, soaring to 22.6%.

Further buoying the period’s highlights, Betsson AB has finalised its acquisition of the Belgian operator betFIRST for €120m, a deal unveiled post Q2 trading closure on July 5. Investors and industry watchers alike will be keenly waiting for Betsson’s full Q2 2023 report, scheduled for release on 20th July.

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Elly Smith

Elly Smith

Elly Smith is a journalist working full time for She is passionate about covering trends and new tech the iGaming industry.