Betsson reports record Q3 revenue of €326.5m as net profit falls 44%

Betsson reported record revenue of €326.5m for the third quarter of 2026, up 10% from a year earlier, while net profit fell to €28.2m from €50.1m in the same period of 2025, a decline of close to 44%, according to the company's reported results. Organic revenue growth was 8%.

By product, casino revenue rose 14% and sports betting 1%, with a sportsbook margin of 8.1% against 8.8% in the third quarter of the previous year. EBITDA fell 23% to €63.4m and its margin went from 27.9% to 19.4%. Operating profit, or EBIT, fell 31% to €46.1m, a margin of 14.1% against 22.6% a year earlier.

Management said operating profit and its margin improved compared with the second quarter of 2026, despite a considerably lower sports betting margin. Latin America was the main growth driver, with revenue up more than 50%; Peru and Argentina again stood out for customer activity and business growth, which Betsson links to marketing campaigns tied to the football World Cup. Active B2C customers reached 1.9 million, against 1.3 million in the comparable period, which management said was growth of 40% and a new high, alongside higher deposits and total gaming volume.

Betsson completed the acquisition of Rhino Entertainment Group at the start of August; the business was subsequently included in its accounts and contributed positively to revenue and results in the quarter. At the end of September, Betsson also launched its brand in Belgium through the renaming of betFIRST. The company continued to develop its proprietary technology and offering, adding betting options during football extra time and team and player pages, and launched Gates of Inter, an exclusive game linked to its sponsorship of Inter Milan, following earlier offerings tied to Boca Juniors and Atlético Nacional.

For January to September, revenue was €922.1m, up 3%, while EBITDA fell 30% to €171.8m. Net profit was €84.1m, against €147.5m in the first nine months of 2025. Management reported a positive start to October and maintained its goal of returning to profit growth.