Betsson has released its financial results for Q2 and the first half of 2025, showing robust year-over-year growth across key metrics.
Revenue in Q2 hit €303.7 million ($271.5 million), marking a 12 percent increase over the same period in 2024.
For the first half, revenue reached €597.3 million, a rise of 15 percent year-over-year.
EBITDA for Q2 stood at €84.1 million, reflecting an 8 percent increase despite a slight dip in margin to 27.8 percent from 28.6 percent in 2024.
Operating income rose by the same percentage, landing at €69 million.
Casino revenues climbed 11 percent year-over-year, while sports betting outperformed with a 15 percent uptick.
Betsson recorded around 1.4 million active customers in Q2, holding steady from the previous year.
However, net debt rose to €151.8 million, up from €93.1 million in Q2 2024.
Across the first six months, operating income climbed 9 percent to €133 million.
EBITDA rose 8 percent to €161.8 million.
Operating cash flow reached €127.5 million, while net income totaled €97.3 million—equating to €0.71 per share.
Strategic Moves and Challenges
During Q2, Betsson signed a sponsorship agreement with Club Brugge—the firm’s first football partnership in Belgium.
In June, Betsson withdrew from its proposed acquisition of Holland Gaming Technology to pursue other strategic options.
That same month, the firm faced a SEK 6.5 million ($670,000) fine from Swedish regulators for anti-money laundering violations.
Additionally, Betsson opened a new technology hub in Málaga, Spain, adding to its expanding global tech infrastructure.
Revenue in Q2 exceeded Q1’s €293.7 million, showing steady growth momentum.
CEO Pontus Lindwall commented on the performance:
“With continued strong customer engagement, continuous product development and a growing market presence, Betsson is well positioned to capture global growth opportunities in the structurally attractive market for online gaming.
In the second quarter of 2025, we continued to deliver value to customers, partners and shareholders.
Group revenue increased by 12 percent and operating income increased by 8 percent compared to the corresponding quarter last year, which included the UEFA European Championship and Copa America.”
He added:
“We are entering the third quarter with good pace and confidence.
With a constant focus on product development, data‑driven marketing and responsible gaming, we are well placed to continue delivering profitable growth.”
Outlook and Market Context
Betsson’s performance underscores a healthy expansion in both casino and sports betting categories.
While rising debt levels may raise some concerns, the firm’s investments in tech and partnerships indicate a strategic focus on long-term growth.
The fine in Sweden underscores the importance of regulatory compliance in a highly scrutinized industry.
Overall, Betsson appears well-positioned to leverage global online gaming trends and maintain its upward trajectory into Q3 and beyond.