BTSBF (Betsson AB) Operating Income: $229 Mil (TTM As of Jun. 2026)

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BTSBF Betsson AB BTSBF
93 GF Score
Price $16.00
GF Value $25.35
! 3 Warning Signs
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What is Betsson AB Operating Income?

Betsson AB BTSBF 93 Operating Income is $229 Mil as of Jun. 2026. GuruFocus rates BTSBF with a GF Score™ of 93/100 and a GF Value™ of $25.35. The stock has 3 warning signs investors should review.

Betsson AB's Operating Income for the three months ended in Jun. 2026 was $49 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was $229 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Betsson AB's Operating Income for the three months ended in Jun. 2026 was $49 Mil. Betsson AB's Revenue for the three months ended in Jun. 2026 was $357 Mil. Therefore, Betsson AB's Operating Margin % for the quarter that ended in Jun. 2026 was 13.61%.

Good Sign:

Betsson AB operating margin is expanding. Margin expansion is usually a good sign.

Betsson AB's 5-Year average Growth Rate for Operating Margin % was 5.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Betsson AB's annualized ROC % for the quarter that ended in Jun. 2026 was 11.24%. Betsson AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 540.12%.


Betsson AB  (OTCPK:BTSBF) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Betsson AB's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=194.472 * ( 1 - 26.57% )/( (1218.266 + 1322.811)/ 2 )
=142.8007896/1270.5385
=11.24 %

where

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Betsson AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=194.472/( ( (35.26 + max(-48.555, 0)) + (36.751 + max(-115.438, 0)) )/ 2 )
=194.472/( ( 35.26 + 36.751 )/ 2 )
=194.472/36.0055
=540.12 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(242.197 + 0 + -0.00099999999997635) - (0 + 0 + 290.751)
=-48.555

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(248.272 + 0 + 0) - (0 + 0 + 363.71)
=-115.438

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Betsson AB's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=48.618/357.258
=13.61 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Betsson AB Operating Income Related Terms


Betsson AB Operating Income Historical Data

* Premium members only.

The historical data trend for Betsson AB's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Betsson AB Operating Income Chart

Betsson AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 133.38 141.05 233.75 268.90 294.79

Betsson AB Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 79.59 78.52 62.41 39.42 48.62
BTSBF
93GF Score
Betsson AB BTSBF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Betsson AB Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $229 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $229 Mil mean?
Betsson AB (BTSBF) has a Operating Income of $229 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Betsson AB and its competitors.
Is Betsson AB's Operating Income too high?
Betsson AB's current Operating Income is $229 Mil. Overall, Betsson AB has a GF Score™ of 93/100, reflecting its overall financial health beyond just this single metric.
How does Betsson AB's Operating Income compare to FLUT and DKNG?
Betsson AB's Operating Income of $229 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Travel & Leisure company?
A good Operating Income depends on the Travel & Leisure industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Betsson AB and its competitors. Betsson AB's current Operating Income is $229 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Betsson AB stock overvalued right now?
Betsson AB (BTSBF) has a current Operating Income of $229 Mil. The stock's GF Value™ is $25.35, compared to a current price of $16.00 — trading 36.9% below its estimated fair value. The current Operating Income is $229 Mil. Betsson AB's overall GF Score™ is 93/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Betsson AB (BTSBF), the current Operating Income is $229 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Betsson AB (BTSBF) Overvalued in 2026?

Based on GuruFocus' analysis, Betsson AB stock appears to be undervalued. The current stock price of $16.00 is trading 36.9% below its estimated GF Value™ of $25.35.

Key valuation signals for BTSBF:

  • Operating Income: $229 Mil
  • GF Value™: $25.35 vs. price of $16.00 (36.9% below fair value)
  • GF Score™: 93/100 with 3 warning signs

No single metric tells the full story. See the BTSBF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Betsson AB Business Description

Address Regeringsgatan 28, Stockholm, SWE, 111 53
Betsson AB is a holding company that invests in and manages companies operating in the online gaming industry. The products consist of casino, which generates maximum revenue, sportsbook, and other products. The main category of the casino is slots, or virtual slot machines, followed by the live casino, which provides the player with a virtual, real-life-like casino experience with table games broadcast live from the game provider's studio. Company's brands include either the entire product portfolio, such as Betsson, Betsafe, and Nordicbet, or just one product, such as Racebets (betting on horses) and Jalla Casino (casino). The brands' services are offered through the proprietary platform that manages payments, customer information, accounts, transactions and a range of games on offer.
93GF Score

Get the complete analysis for BTSBF

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$16.00
Price
$25.35
GF Value