Q4 2025 Betsson AB Earnings Call Transcript
Key Points
- Betsson AB (BTSNY) reported a strong net cash position of EUR158 million at the end of the year.
- Revenue from locally regulated markets reached an all-time high of 68%, driving higher gaming taxes but indicating strong market compliance.
- The company saw a 5% increase in the number of active customers compared to the same period last year.
- Casino revenue increased by 3% year over year, marking the second highest reported casino revenue ever.
- Betsson AB (BTSNY) initiated a share buyback program worth EUR 40 million and proposed an ordinary dividend of EUR0.66 per share for 2025.
- Sportsbook revenue decreased by 9% due to a lower sportsbook margin in the quarter.
- Overall revenue for the quarter slightly decreased by 1% year on year.
- B2B business revenue declined by 14% year on year, primarily due to decreased activity from one of Betsson's customers.
- Higher gaming taxes and increased personnel costs negatively impacted profitability and operating income.
- Customer deposits across all gaming solutions were down by 6% compared to the same period last year.
Welcome to Betson Q4 Report 2025. For the first part of the conference call, (Operator Instructions). Now I will hand the conference over to CEO, Pontus Lindwall and CFO, Martin Ohman. Please go ahead.
Thank you, good morning and welcome to Betsson's presentation of the fourth-quarter of 2025. I am Pontus Lindwall, the President and, CEO of Betsson. With me and presenting today is also our CFO, Martin Ohman.
In Q4 we saw continued good customer activity with an increased number of active players compared to the same period last year. Revenue amounted to EUR304 million and operating income was EUR53 million in the quarter. The EBIT margin was 17.5% for the period.
Casino revenue was up 3% year over year, while sportsbook revenue was down 9%. The sportsbook revenue was negatively impacted by a lower sportsbook margin in the quarter.
We ended the year with a strong net cash position of EUR158 million.
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