Betsson Q2 revenue rises 12% to €303.7m

Key points:

– Betsson has unveiled its Q2 and H1 2025 financials

– The operator has reported revenue rises of 12% and 15% for Q2 and H1, respectively

– Company net debt did, however, increase to €151.8m during the second quarter

Betsson has unveiled its latest financial report for both the second quarter and first half of 2025, highlighting year-on-year rises across the board.

Revenue was subject to healthy increases over both periods, settling at €303.7m ($271.5m) for the year’s second quarter and €597.3m for the full first half of 2025 – up 12% and 15%, respectively.

Betsson Q2 results

Indeed, with Q2 group revenue exceeding the €300m mark, Betsson has also unveiled an upswing in EBITDA which settled at €84.1m during the year’s second quarter, up 8% with a margin of 27.8%, down from the 28.6% margin reported in Q2 2024. Operating income also rose by 8% year-on-year, reaching €69m for the period.

Regarding revenues, the overall €303.7m figure was accounted for by an 11% yearly upswing in casino revenue, alongside sports betting revenues that were subject to a 15% increase compared to the second quarter of the year prior. During Q2, Betsson recorded approximately 1.4 million active customers, a metric which remains flat in comparison to Q2 2024.

However, net debt was also on the rise for the operator during Q2, growing from €93.1m reported last year to a most recent figure of €151.8m.

Betsson H1 2025

Over the course of the year’s first half, net revenue has fallen just shy of the €600m, representing growth of 15% year-on-year. Further, operating income also grew by 9%, settling at €133m, paired with an EBITDA figure of €161.8m, up 8% in comparison to results from the year prior.

Elsewhere, operating cash flow during the first half of 2025 was €127.5m, paired with net income of €97.3m, corresponding to €0.71 per share.

Highlights from the quarter

Prior to the end of the second quarter, Betsson unveiled a new sponsorship deal with Club Brugge – marking the first football-related partnership agreement for the operator in Belgium and seeing the company become the club’s main partner.

Earlier in June, the company announced that it was withdrawing from its planned Holland Gaming Technology acquisition to explore alternative strategic opportunities. Shortly prior to this the operator was also subject to an SEK 6.5m ($670,000) fine by the Swedish regulator following AML-related failings in the market.

Elsewhere today – Betsson has announced the official opening of a new tech hub in the Spanish city of Málaga as the latest instalment in the operator’s recent expansion of its technology operations.

Good to know: Q2 revenue represents an increase from the €293.7m reported in Q1 2025, with CEO Pontus Lindwall naming the Peruvian and Argentinian markets as key drivers

CEOs comments

Speaking on these latest results, Betsson CEO, Pontus Lindwall, said: “With continued strong customer engagement, continuous product development and a growing market presence, Betsson is well positioned to capture global growth opportunities in the structurally attractive market for online gaming.

“In the second quarter of 2025, we continued to deliver value to customers, partners and shareholders. Group revenue increased by 12 percent and operating income increased by 8 percent compared to the corresponding quarter last year, which included the UEFA European Championship and Copa America.”

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.”