Releasing figures for the three- and six-month period ending June 30, 2024, the president and CEO of Betsson, Pontus Lindwall, said it had been the company’s “best quarter ever.”
Group revenue for the quarter was €271.5m with an EBITDA of €77.6m. The EBITDA margin was 28.6 per cent.
For the six-month period, Group revenue reached €519.7m with an EBITDA of €149.2m. The EBITDA margin was 28.7 per cent.
“The second quarter of 2024 meant continued high growth and strengthened profitability with new records in both revenue and operating income for Betsson,” said Lindwall. “Revenue increased by 15 per cent and operating income increased by 18 per cent, while the operating margin strengthened to 23.6 per cent. This was our tenth consecutive quarter with increasing operating income. Organic revenue growth was 38 per cent, primarily driven by the B2C operations.
“The high customer activity continued throughout the quarter – as expected, the UEFA EURO and Copa America contributed positively in June – resulting in strong key figures across the board. The number of active customers increased by 25 per cent and deposits increased by 15 per cent. The growth in gross gaming turnover was seven per cent for casino and 17 per cent for sports betting compared to the corresponding quarter of the previous year.
“I am particularly delighted to note the improved operating margin in the quarter and the highest ever operating income, given the increased proportion of revenue that was subject to local gaming taxes. The share of revenue from locally regulated markets amounted to 55 per cent and includes Peru for the first time, where local gaming tax was accrued during the entire second quarter. For several years, Betsson has established itself as the most well-known brand for sports betting in Peru. In June, the Group received its first local licenses for the newly regulated market in the country, for the Betsson and Betsafe brands, and in July licenses for the Inkabet brand have also been obtained.”
