Group revenue for Sweden-based Betsson in the third quarter was SEK1.67bn (SEK1.27bn in 2019), an increase of 31 per cent with an organic increase of 27 per cent.
Casino revenue increased by 39 per cent, sportsbook revenue increased by 12 per cent and the sportsbook margin was seven per cent (7.8 per cent). Operating income (EBIT) was SEK329.1m (SEK212.5m), an increase of 55 per cent. The EBIT margin was 19.6 per cent (16.7 per cent). Operating cash flow was SEK494.6m (SEK307m), an increase of 61 per cent.
Pontus Lindwall, president and CEO Betsson, said: "Betsson presented another strong result in the third quarter. The last two quarters have been defined by extraordinary challenges for everyone.
"Despite this, Betsson has both expanded into new markets and developed new products and features. The positive development is partly attributable to the increased demand for digital entertainment through the pandemic.
"The online gambling industry has more clearly than ever demonstrated its resilience to market fluctuations during the pandemic when compared to many other sectors.
"Betsson has a unique position in being more resilient than the sector average due to the company's diversified product and brand portfolio, global footprint and strong finances."
