Betsson AB (BETS_B) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.379 Sportbook across all bets and gaming solutions was more than 1.8 billion euro, 00:00:05.379 -- 00:00:10.447 an increase of 10% year over year and another all time high. 00:00:10.447 -- 00:00:15.735 Sportbook margin was 8.0%, which is higher than the 6.6% margin in the first quarter 00:00:15.735 -- 00:00:21.885 last year and slightly above the two year rolling average margin of 7.8%, but 00:00:21.885 -- 00:00:24.629 lower than the 9.8% in 00:00:24.629 -- 00:00:27.335 the fourth quarter last year. 00:00:27.335 -- 00:00:32.121 Sportbook revenue increased by some 22% compared to last year and amounted to 80 million. 00:00:32.121 -- 00:00:37.487 The casino turnover is the second highest ever, just slightly below Q4 00:00:37.487 -- 00:00:42.193 last year and represents an increase by 9% year on year. 00:00:42.193 -- 00:00:47.639 Casino revenue increased by 18%, which is also the second highest casino revenue ever, 00:00:47.639 -- 00:00:52.934 only beaten by Q4 last year by some 1.5 million euro. 00:00:52.934 -- 00:00:57.980 Casino revenue represented 72% of the group's total revenue in the quarter, and sportbook 00:00:57.980 -- 00:01:00.821 sum 27%. Reported 00:01:04.407 -- 00:01:09.212 revenue for the first quarter amounted to 294 million euro, the second highest revenue 00:01:09.212 -- 00:01:14.558 ever in a single quarter, and an increase of 18% year on year, and 20% organic 00:01:14.558 -- 00:01:19.844 growth. Compared to Q4 last year, this quarter contains two days less 00:01:19.844 -- 00:01:25.477 of revenue, This, in combination with the highest port margin in Q4 last year, explains 00:01:25.477 -- 00:01:29.023 the slight sequential step down in revenue in this first quarter. 00:01:29.023 -- 00:01:30.786 Revenue 00:01:30.786 -- 00...