Betsson Reports 18% Revenue Growth in Q1 2025
Betsson Group has delivered a robust first quarter for 2025, posting an 18% year-on-year revenue increase, supported by solid performance in both its casino and sportsbook verticals. With expanding operations in Latin America and growing revenue from locally regulated markets, the company continues to push forward with geographic diversification and technology investment.
Solid Financial Performance Despite Seasonal Pressures
Betsson brought in €293.7 million in revenue during the first quarter of 2025, which is 18% more than the same period last year. Most of that growth came from strong results in both casino and sports betting – casino revenue went up by 18%, and sportsbook revenue rose by 22%. The sportsbook margin was 8.0%, which was slightly lower than in the previous quarter but still better than Q1 last year.
The company’s profit from core business activities (EBIT) increased by 11%, reaching €64 million. Total earnings before taxes, interest, and other costs (EBITDA) came to €77.7 million, which is a 9% improvement. Net profit ended up at €48.4 million, or €0.35 per share. Betsson also saw strong cash flow at €86.4 million and kept its debt level negative.
Latin America Emerges as Key Growth Region
Latin America accounted for 25% of Betsson’s total revenue during the quarter, underlining the region’s growing strategic value. The company recently extended its high-profile sponsorship of Boca Juniors in Argentina and opened a new office in Buenos Aires to support further expansion.
In Brazil, Betsson launched its offering under a newly obtained license, while in Paraguay, the group began technical operations in the regulated market after securing a local casino license. Overall, revenue from locally regulated markets rose by 60%, representing 59% of total group revenue, compared to 43.6% a year earlier.
Investments in Product and Technology
The group continues to invest in its core platform and sportsbook offering. Betsson highlighted the implementation of AI-supported processes, new payment solutions, and enhancements to its sportsbook product, aiming to maintain a market-leading position in its core jurisdictions.
In a trading update covering the first four weeks of Q2 2025, Betsson reported average daily revenue 17% higher than in Q2 2024. The sportsbook margin during this period also exceeded the average of the previous eight quarters, indicating continued momentum.