Betsson AB (BETS_B) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you very much. Hello, everyone, and welcome to Betsson's presentation of the Q1 report for 2026. I'm Pontus Lindwal, President and CEO of Betsson. With me today is also our CFO, Martin Ehrmann. Hi, everyone. In Q1, we saw continued good customer activity in our B2C business, with active customers up 11% year over year at all new time all time high levels. Group revenue amounted to $285,000,000, and EBIT was EUR 34,000,000 in the quarter. The EBIT margin was 11.9% for the period. Revenue for the B2C operations was increased by 15% year on year and reached a new record level. Growth was particularly strong in Latin America, primarily driven by positive performance in Peru. Western Europe also delivered double digit growth, with Italy as the main driver, where we continue to gain market share in both sports betting and casino. Overall, our B2C business continues to grow and contributes significantly to the group's earnings. In parallel, we keep on investing in several B2C markets where we have not yet reached profitability, which reduces operating income by approximately 10,000,000 to €15,000,000 per quarter. We continue to believe that these markets have the potential to become profitable, while we closely monitor and evaluate their development and future prospects. Revenue in the B2B operations decreased to million 50 driven by lower revenue from one customer. However, activity for these customers has stabilized since early December. Over the medium term, we are confident that we can increase our B2B revenue with both existing and new partners. Casino revenue declined by 4%, while Sportsbook revenue was up 1% year over year. The Sportsbook margin was 8.4%, slightly higher than in the first quarter last year. Our balance sheet is as strong as ever. We ended the q...