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Betsson AB (BETS.B) Q3 2026 Earnings Report
SE:BETS.B Q3 2026 EPS Results
- Actual EPS
- SEK 2.21
- Consensus EPS
- SEK 2.83
- Beat/Miss
- Missed by -SEK 0.62
- One Year Ago EPS
- SEK 3.93
SE:BETS.B Q3 2026 Revenue Results
- Actual Revenue
- SEK 3.63B
- Expected Revenue
- SEK 3.48B
- Beat/Miss
- Beat by +SEK 146.34M
- YoY Revenue Growth
- +10.21%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 10/22/2026
- Time
- Before Open
- Conference Call
- Thursday, October 22, 2026
Betsson AB's next earnings date is estimated for February 4, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
The call was overall positive, supported by record group and casino revenue, a 40% increase in active customers, strong 52% Latin America growth, a positive contribution from the Rhino acquisition, sequential EBIT improvement, and a strong start to the fourth quarter. However, profitability was pressured by a lower Sportsbook margin, a decline in gross margin and EBIT year-over-year, higher gaming taxes and operating costs, declining B2B revenue, and weakness in the Nordic and CEECA regions.
The company said average daily revenue in the fourth quarter so far, including the 18th of October, was 11% higher than the average daily revenue of the whole fourth quarter of the last year, while the Sportsbook margin was significantly lower than the average for the last eight quarters; it expects continued high activity and high customer levels even going forward, said the B2B business has stabilized and expects it to grow further through existing customers and new B2B clients, although “Whether that will continue depends to see in the future” regarding the negative shift in gross margin, and said its belief is that the Brazil market will not be closed forever as it is as of now and will open up in one way or the other.
- Record Customer Activity and DepositsCustomer deposits increased 6% year-over-year, while the number of active customers rose 40% to close to 1.9 million, the highest level ever. Gross Sportsbook turnover increased 8% to close to EUR 1.4 billion.
- Record Group RevenueReported revenue reached EUR 327 million, up 10% year-over-year and the highest revenue ever for a single quarter. Organic growth, adjusted for the Rhino acquisition and FX impact, was 6% year-over-year.
- Casino Revenue Reached a New RecordCasino turnover increased 7% year-over-year and casino revenue increased 14% to a new all-time high. Casino revenue represented 77% of group revenue, with strong customer activity and a lower Sportsbook margin also contributing to the casino performance.
- Successful FIFA World Cup Sportsbook PerformanceBetsson served more than 800,000 customers and took more than 20 million bets during the FIFA World Cup. Sportsbook uptime was 100.0% during the tournament.
- Strong Latin America GrowthLatin America revenue increased by EUR 40 million, or 52% year-over-year, reaching a new record and representing 36% of group revenue. The region recorded new highs in Sportsbook revenue, casino revenue, casino turnover, and deposits, with Argentina, Peru, and Colombia reporting strong growth.
- B2C and Regulated-Market ExpansionB2C revenue grew 28%, or EUR 61 million, year-over-year and represented 86% of total revenue. Revenue from locally regulated markets increased 35% and reached 78% of total revenue, compared with 64% last year.
- Western Europe Reached Record RevenueWestern Europe revenue increased 14% year-over-year, or EUR 8 million, reaching the highest revenue ever for the region in a single quarter. Italy reported all-time-high revenue, deposits, and turnover.
- Rhino Entertainment Acquisition Added Revenue and EarningsThe acquisition of Rhino Entertainment Group was completed in August and consolidated for two months of the quarter. Rhino made a positive contribution to revenue and earnings, primarily through a Canadian B2C business and B2B technology assets, and increased geographical and commercial diversification.
- Sequential EBIT ImprovementOperating income amounted to EUR 46 million, increasing 9% compared with the previous quarter. The EBIT margin improved to 14.1% from 13.6% in the second quarter, marking the second consecutive quarter of sequential EBIT growth.
- Continued Product and Platform DevelopmentSeveral onboarding and payment solutions were integrated across important markets, new Sportsbook functions were introduced, and almost 500 new casino games were released, including 40 with some form of exclusivity. New slot suppliers were also integrated, and betFIRST in Belgium was migrated to Betsson's proprietary platform.
- Proprietary Sportsbook Positioned as a Competitive AssetBetsson's proprietary Sportsbook accounted for about 25%-30% of group revenue. In 2026, the company offered bets across more than 50 sports and categories and stated that benchmarking shows it is among the absolute market leaders in betting markets, unique bet types, features, and bet-builder functionality.
- Betsson Brand Expansion in BelgiumThe flagship Betsson brand was launched in Belgium through the rebranding of betFIRST. Management said the rebranding supports greater consistency and scalability across the business.
- Sponsorship and Bespoke Content ExpansionBetsson continued sponsorship activity with Inter, Club Brugge, and Davis Cup, while Inter's women qualified for the Women's Champions League for the first time. The company also released the exclusive 'Gates of Inter' online slot game, following previous sponsorship-based games for Boca Juniors and Atlético Nacional.
- Betsson Foundation LaunchedBetsson launched the Betsson Foundation in September as a registered public benefit foundation to coordinate and scale the group's charitable, community, and sports-related initiatives across its markets.
- Strong Financial PositionBetsson ended September with a net cash position of EUR 98 million and an equity ratio of 61%.
- Positive Start to the Fourth QuarterAverage daily revenue in the fourth quarter through October 18 was 11% higher than the average daily revenue for the entire fourth quarter of last year. Management described the start of the quarter as strong despite a significantly lower Sportsbook margin than the average for the last eight quarters.
- B2B Business StabilizedManagement said the B2B business has stabilized and is working to grow it through existing customers, new B2B clients, underlying market growth, and continued product development.
SE:BETS.B Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 04, 2027 | 2026 (Q4) | 2.83- | 2.88 | ― | ― |
| Oct 22, 2026 | 2026 (Q3) | 2.832.21 | 3.93 | -43.66% (-1.72) | |
| Jul 17, 2026 | 2026 (Q2) | 2.562.41 | 3.96 | -39.11% (-1.55) | |
| Apr 24, 2026 | 2026 (Q1) | 3.182.06 | 3.87 | -46.86% (-1.82) | |
| Feb 05, 2026 | 2025 (Q4) | 3.782.88 | 4.23 | -31.94% (-1.35) | |
| Oct 24, 2025 | 2025 (Q3) | 4.263.93 | 3.48 | 13.06% (+0.45) | |
| Jul 18, 2025 | 2025 (Q2) | 4.413.96 | 3.58 | 10.84% (+0.39) | |
| Apr 29, 2025 | 2025 (Q1) | 3.823.87 | 3.22 | 20.27% (+0.65) | |
| Feb 06, 2025 | 2024 (Q4) | 4.474.23 | 3.17 | 33.57% (+1.06) | |
| Oct 24, 2024 | 2024 (Q3) | 4.013.48 | 3.52 | -1.26% (-0.04) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
