Betsson AB (BETS_B) Q2 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Betsson Ab Class B.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.079 The second quarter was another good quarter with revenue and EBIT growth 00:00:05.079 -- 00:00:10.047 supported by year-over-year growth in deposits and increased casino turnover, increased 00:00:10.047 -- 00:00:13.292 casino and sport book revenue and 00:00:13.292 -- 00:00:15.535 maintained cost control. 00:00:15.535 -- 00:00:19.762 Number of active customers is more or less flat compared to last year following Betsson's 00:00:19.762 -- 00:00:25.580 decision in the end of 2024 to pull out the markets without a clear path to local regulation. 00:00:25.580 -- 00:00:30.646 and a few African markets, such as Kenya and Nigeria, as a consequence of the ongoing 00:00:30.646 -- 00:00:34.130 evaluation of the group's market strategy for Africa. 00:00:34.130 -- 00:00:38.735 Another impacting factor is that the second quarter last year included both the Euros 00:00:38.735 -- 00:00:43.781 and Copa America, where you typically see increased player activity. 00:00:43.781 -- 00:00:48.426 The gross turnover in Sportbook across all bets on gaming solutions was close to 1.5 00:00:48.426 -- 00:00:52.462 billion euro, a decrease of 4% year-over-year. 00:00:52.462 -- 00:00:57.688 Sportbook margin was 9.5%, which is higher than the 8.6 margin in the second quarter 00:00:57.688 -- 00:01:00.731 last year, and above the two-year 00:01:00.731 -- 00:01:03.873 rolling average margin of 7.9%. 00:01:04.996 -- 00:01:10.542 Sportbook revenue increased by some 15% compared to last year and amounted to 90 million, 00:01:10.542 -- 00:01:15.628 which is the second highest Sportbook revenue ever, only beaten by Q4 last year 00:01:15.628 -- 00:01:18.949 by some 1.3 million euro. 00:01:19.057 -- 00:01:24.188 Casino turnover is slightly up year on year and casino revenu...