Betsson, in its financial report for the second quarter of 2022, flagged all-time high revenue driven by sportsbook performance and growth in the Latin America and CEECA regions.
Group revenue was €186.3m (€172.8m), an increase of eight per cent and an organic increase of 13 per cent. Casino revenue increased by one per cent. Sportsbook revenue increased by 22 per cent and the sportsbook margin was 8.3 per cent (8.5 per cent).
EBITDA was €39.3m (€46.6m), a decrease of 16 per cent. The EBITDA margin was 21.1 per cent (27per cent). Operating income (EBIT) was €29.2m (€37.8m), a decrease of 23 percent. The EBIT margin was 15.7 per cent (21.9 per cent).
Net income was €28.6m (€33.3m), corresponding to €0.21 (€0.24) per share. Active customers increased by 21 per cent to 1,246,719 (1,027,635). CEO Pontus Lindwall said: "Betsson’s second quarter featured continued good growth with all-time high revenue and further investments to support our expansion.
The group’s organic growth was 13 per cent, mainly driven by Latin America and the CEECA region (Central and Eastern Europe and Central Asia), where we see long-term growth potential as these markets still have a low share of online gaming.
"The sportsbook business showed a strong development in the quarter - gross turnover increased by 20 per cent and the margin was 8.3 (8.5) per cent - leading to all-time high revenue.
"Some of the football World Cup qualifiers in June ended in particularly favourable outcomes for Betsson and contributed positively to the margin in the quarter. Casino gross turnover also reached a new quarterly all-time high, while revenue came in at the second-best level ever."