Betsson Releases Preliminary Q4 2025 Report Showing Mixed Financial Performance

Overview of Betsson’s Q4 2025 Financial Report

Betsson has released a preliminary report for the fourth quarter of 2025, revealing steady revenue figures but a decline in operating income. This mixed financial update has led to a decrease in the company’s share value.

Revenue Breakdown Highlights

The company anticipates its Q4 revenue to be around EUR 304 million (approximately $353.4 million), slightly lower than the EUR 307 million recorded in the same period last year.

Revenue distribution across regions for Q4 2025 includes:

• Nordic region: EUR 34 million ($39.5 million), down from EUR 40 million in Q4 2024
• Western Europe: EUR 61 million ($70.9 million), up from EUR 53 million the previous year
• Central and Eastern Europe, Caucasus and Central Asia (CEECA): EUR 120 million ($139.5 million), a decrease compared to EUR 132 million in Q4 2024
• Latin America (LATAM): EUR 84 million ($97.7 million), an increase from EUR 78 million last year
• Rest of the World: EUR 5 million ($5.8 million), slightly higher than EUR 4 million previously

While certain regions like Western Europe and Latin America showed growth, the overall revenue experienced a slight dip compared to the prior year.

Operating Income and Segment Revenue

Betsson’s operating income (EBIT) is forecasted to decline to EUR 53 million ($61.6 million), down from EUR 70 million in Q4 2024.

Breaking down revenue by product category, casino operations marginally increased to EUR 220 million ($255.8 million) from EUR 214 million last year. Conversely, sportsbook revenue dropped to EUR 83 million ($96.5 million) from EUR 91 million. Revenue from other gaming products also fell to EUR 1 million ($1.16 million) from EUR 2 million.

In the B2B segment, licensing revenue totaled EUR 71 million ($82.5 million), down from EUR 82 million, constituting 23% of the group’s total revenue compared to 27% previously. This decrease was attributed to lower earnings from B2B customers.

Investment in Product Development and Market Focus

Betsson emphasized strong customer engagement during the quarter, with a rise in active players. The share of revenue from regulated markets increased notably from 60% to 68%, reflecting the company’s dedication to compliance.

However, the focus on regulated markets led to an increase in gaming taxes by EUR 10 million ($11.6 million), reaching EUR 53 million ($61.6 million).

The company continued to invest heavily in enhancing its product offerings and upgrading its technology infrastructure. These efforts caused personnel expenses to rise to EUR 52 million ($60.5 million), compared with EUR 45 million in Q4 2024.

The report’s disclosure caused Betsson’s shares to fall, with the stock currently priced at SEK 102 ($11.05) per share.

CEO’s Positive Outlook for 2026

Pontus Lindwall, Betsson’s CEO, reflected on the quarterly results by underscoring the company’s diversified operations across global markets. He highlighted the positive progress fueled by sustained product investments despite the associated rise in costs.

Looking ahead, Lindwall expressed optimism for 2026, encouraged by a promising start to the year and an eventful sports calendar, especially the FIFA World Cup.

“I am optimistic about 2026 where I am especially looking forward to the FIFA World Cup and also to be able to start reaping the benefits of the investments we have made in product development.”

Pontus Lindwall, president & CEO, Betsson

The detailed Q4 financial report is scheduled for release on February 5.