Betsson AB
OTC:BTSBF
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Betsson AB
OTC:BTSBF
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Betsson AB
Betsson AB is an online gambling company. It runs branded sportsbooks, casino games, poker, bingo, and other betting products through websites and mobile apps. The company earns money when customers place bets or play games, taking the house edge or a share of gaming revenue rather than selling physical goods. Its main customers are adults who want to bet on sports or play online casino games, especially in markets where online gambling is regulated. Betsson works through local licenses and digital brands, which lets it tailor offers, payment methods, and customer support to different countries and languages. It also depends on software, risk controls, marketing, and customer acquisition to keep traffic flowing to its platforms. What makes Betsson different is its role as a consumer-facing gambling operator, not a game maker or payment processor. It sits at the front end of the value chain, owning the customer relationship and the gaming site while partnering with sports data, game suppliers, and technology providers behind the scenes. That model gives it recurring revenue tied to active players, but it also means the business is shaped by regulation, advertising rules, and responsible-gaming requirements.
Betsson AB is an online gambling company. It runs branded sportsbooks, casino games, poker, bingo, and other betting products through websites and mobile apps. The company earns money when customers place bets or play games, taking the house edge or a share of gaming revenue rather than selling physical goods.
Its main customers are adults who want to bet on sports or play online casino games, especially in markets where online gambling is regulated. Betsson works through local licenses and digital brands, which lets it tailor offers, payment methods, and customer support to different countries and languages. It also depends on software, risk controls, marketing, and customer acquisition to keep traffic flowing to its platforms.
What makes Betsson different is its role as a consumer-facing gambling operator, not a game maker or payment processor. It sits at the front end of the value chain, owning the customer relationship and the gaming site while partnering with sports data, game suppliers, and technology providers behind the scenes. That model gives it recurring revenue tied to active players, but it also means the business is shaped by regulation, advertising rules, and responsible-gaming requirements.
Revenue Growth: Revenue reached EUR 294 million in Q1 2025, up 18% year-over-year and 20% organically, setting the second highest quarterly revenue in company history.
Profitability: EBIT rose 11% year-over-year to EUR 64 million, with an EBIT margin of 21.8%.
Cash Flow: Operating cash flow was EUR 86 million, up from EUR 50 million last year, and cash conversion ratio exceeded 100%.
Regional Strength: Latin America stood out with 70% revenue growth, especially strong performance in Argentina. Revenue from locally regulated markets now makes up 59% of the group total.
Trading Update: Early Q2 average daily revenue was up 17% compared to Q2 2024, supported by favorable sportsbook margins.
B2B Expansion: B2B revenue grew over 30% and now constitutes roughly 31% of group revenue, with a more diversified client base.
New Markets: Betsson obtained licenses and began operations in Brazil, Paraguay, and Poland, but Brazil and Paraguay have not yet contributed materially to revenue.