Betsson's revenue for the second quarter of 2023 is expected to be around €235.5m to €237.5m, which is the highest level ever for the company in a single quarter.
Operating profit is estimated to be around €53.5m to €55m for the quarter, which is a new record and above the analyst consensus estimate for the period. Increased revenue and Betsson’s scalable business model have contributed to the high level of operating profit.
The second quarter 2023 has been characterised by continued high customer activity both in casino and sports betting, which has resulted in a strong financial development for Betsson.
The preliminary sportsbook margin was approximately 8.2 per cent for the quarter, which is in line with the corresponding quarter last year (8.3 per cent) but higher than the rolling average for the last eight quarters (7.8 per cent).
All the above figures are solely estimates and have not been reviewed by the company’s auditor. Complete information will be reported in connection with Betsson's interim report for the second quarter, which will be published on July 20.
