Betsson Reports Largest Ever Revenue Growth
Pontus Lindwall
Betsson announced their Q2 results showing an all-time high revenue increase helped by sports betting, the highlighted figures are:
Group revenue €186.3 (172.8) million, an increase of 8%
Sportsbook revenue increased by 22%
Active customers increased by 21% to 1,246,719 (1,027,635).
CEO Pontus Lindwall said on the latest figures:
Betsson’s second quarter featured continued good growth with all-time high revenue and further investments to support our expansion. The Group’s organic growth was 13 percent, mainly driven by Latin America and the CEECA region (Central and Eastern Europe and Central Asia), where we see long-term growth potential as these markets still have a low share of online gaming.
The sportsbook business showed a strong development in the quarter – gross turnover increased by 20 percent and the margin was 8.3 (8.5) percent – leading to all-time high revenue. Some of the football World Cup qualifiers in June ended in particularly favourable outcomes for Betsson and contributed positively to the margin in the quarter. Casino gross turnover also reached a new quarterly all-time high, while revenue came in at the second-best level ever.
