Betsson CEO Pontus Lindwall said Latin America revenue rose 10% year on year in Q3 2025 and represented 26% of group revenue. He said changing tax rules in some countries create uncertainty, but Betsson remains ambitious in the region and expects regulators to seek balanced taxation over time.
Changing tax rules in Latin America create uncertainty for Betsson’s regional investment and profitability.
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Betsson reported first-quarter 2026 revenue of €285.3 million, with Latin American revenue reaching €95 million, up 25% compared with 2025. Chief executive Pontus Lindwall said Latin America accounted for nearly one-third of group revenue; the report also cited lower casino revenue and weaker B2B performance.
Evolution reported first-quarter revenue of €513 million, slightly below the year-earlier figure. Revenue in Europe fell year on year and quarter on quarter, while Betsson, Kambi, MGM Digital, Catena Media, Raketech and Angler Gaming also faced pressures described in the report.
Betsson reported full-year 2025 revenue of €1.2 billion, up 8% year on year, while EBITDA fell 1% to €313.7 million. The company attributed pressure on profitability to higher gaming taxes and investment in product and technology; revenue from locally regulated markets reached 68% in the fourth quarter, compared with 60% a year earlier. The board proposed a €0.66-per-share dividend, and Betsson began a €40 million share buyback programme during the quarter.
Betsson said preliminary fourth-quarter 2025 revenue fell 1% year on year to €304 million. Casino revenue rose 3% to €220 million, while sportsbook revenue declined 9% to €83 million; operating income was expected to drop 24% to €53 million. The company plans to publish its full quarterly report on 5 February.
Betsson reported Q1 2025 revenue of €293.7m, up 18.3% year on year, with Latin American revenue increasing 70.3% to €74.5m. The company said revenue fell 4.3% from Q4 2024, citing seasonal factors, fewer calendar days and a lower sportsbook margin. It also reported a technical launch in Paraguay after receiving a licence at the end of 2024.