Betsson’s Shares Plummet in Spite of Favorable Q2 Report

Betsson Group has published its report for the second quarter of 2025, reporting a significant organic increase in revenue. Despite that, the company’s shares have taken a dip.

Betsson’s Report Outlined Double-Digit Revenue Growth

According to Betsson’s report, its group revenue stood at EUR 303.7 million ($353 million) for the period, up 12% year-on-year. This figure represented an organic increase of 16%, the company added.

In addition to that, Betsson said that its casino segment recorded a revenue increase of 11%. Sportsbook revenue, on the other hand, was up 15% YOY.

In Q2 2025, Betsson’s EBITDA reached EUR 84.1 million ($98 million), marking an increase of 8%. EBITDA margin for the period was 27.7%. Operating income (EBIT) stood at EUR 69 million ($80.4 million), up 8% YOY. At the same time, the EBIT margin was 22.7%.

In addition to that, Betsson reported net income of EUR 49.2 million ($57.4 million), which is equivalent to EUR 0.36 ($0.42) per share. Both fighters mark an increase from the results in Q2 2024.

The company’s operating cash flow was EUR 41.1 million ($47.9 million), while its net debt stood at EUR 151.8 million ($177 million).

Betsson added that it recorded 1.4 million active users.

The YTD Results Were Likewise Pleasing

As for the year-to-date results, Betsson’s group revenue was EUR 597.3 million ($696.3 million), up 15% YOY. This figure corresponds to an organic increase of 18%, Betsson added. EBITDA was EUR 161.8 million ($188.6 million), up 8%, while EBITDA margin stood at 27.1%.

Betsson’s operating income and net income reached EUR 133 million ($155 million) and EUR 97.3 million ($113.4 million), respectively. The latter figure suggests EUR 0.71 ($0.83) per share.

Operating cash flow was EUR 127.5 million ($148.6 million).

CEO Lindwall Is Bullish on Q3

Betsson CEO Pontus Lindwall commented on the results, saying that his company is positioned to capture a variety of “global growth opportunities.” He said that Q2 saw Betsson continue to deliver value to its customers, partners, and shareholders via new partnerships, activations and market launches.

At the same time, the company continued to champion safer gaming and sustainability.

We are entering the third quarter with good pace and confidence. With a constant focus on product development, data-driven marketing and responsible gaming, we are well placed to continue delivering profitable growth.

Pontus Lindwall, CEO, Betsson.

The Company’s Shares Experienced a Decline

At the company’s general meeting, company leaders approved a dividend to shareholders of EUR 104.4 million ($121.7 million), which corresponds to EUR 0.76 ($0.89) per share, of which 0.10 euro per share is a special dividend. The first of the two installments was distributed in June.

Despite the dividend and the company’s apparently strong position, its stock experienced a 15% plunge following the publication of the report. As of the time of this writing, the company’s shares are worth SEK 167.10 ($17.31) apiece.