Q1 2026 Betsson AB Earnings Call Transcript

Apr 24, 2026 / 07:00AM GMT

Release Date Price: $16

Transcript

Key Points

Positve

Betsson AB (BTSNY) reported a 15% year-on-year increase in B2C revenue, reaching a new record level.
The company saw strong growth in Latin America and Western Europe, with Italy being a significant driver of growth.
Betsson AB (BTSNY) ended the quarter with a robust net cash position of EUR165 million.
The acquisition of Rhino Entertainment Group's B2C business is expected to enhance profitability and growth opportunities.
Betsson AB (BTSNY) continues to invest in new markets, which are anticipated to become profitable in the future.

Negative

B2B revenue decreased by 43% year-on-year, primarily due to lower revenue from one customer.
Casino revenue declined by 4% year-over-year.
The company's operating income decreased by 47% compared to the previous year.
The EBIT margin dropped to 11.9% from 21.9% last year.
Revenue in the Nordic region and the Central and Eastern Europe and Central Asia region declined compared to the previous year.

Pontus Lindwall

Betsson AB - President, Chief Executive Officer, Director

What did you say? Hello.

Operator

Welcome to Betsson Q1 Report 2026. (Operator Instructions) Now I will hand the conference over to CEO Pontus Lindwall and CFO Martin Oman. Please go ahead.

Pontus Lindwall

Betsson AB - President, Chief Executive Officer, Director

Thank you very much. Hello everyone, and welcome to Betsson's presentation of the Q1 Report for 2026. I'm Pontus Lindwall, President and CEO of Betsson. With me today is also our CFO, Martin Arman. In Q1, we saw continued good customer activity in our B2C business with active customers up 11% year-over-year at all-time high levels. Group revenue amounted to EUR285 million and EBIT was EUR34 million in the quarter. The EBIT margin was 11.9% for the period. Revenue for the B2C operations was increased by 15% year-on-year and reached a new record level. Growth was particularly strong in Latin America, primarily driven by positive performance in Peru, Western Europe. Also delivered double digit

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