Betsson AB (BETS_B) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi, everyone, and welcome to Betsson's presentation of the second quarter twenty twenty six. I'm Pontus Lindval, the President and CEO of Betsson. Presenting with me today is also our CFO, Martin Ammann. The second quarter featured high customer activity boosted by the FIFA World Cup that kicked off on the June 11. Active customers in B2C were up 32% year over year at a new all time high level. Group revenue amounted to $310,000,000 which was also a new record. Customer deposits, including both B2C and B2B on a gross basis were down seven percent year over year. As in previous quarters, the strongest growth came from Latin America, which grew by 32% to new record levels and is now our largest region. The increase was broad based and boosted by the FIFA World Cup, which contributed to high activity among both new and existing customers. Peru and Argentina were the region's strongest performers, thanks to continuous product investments, strong brands and well targeted marketing activities linked to the World Cup. Revenue for the B2C operations increased by 14% year on year and also reached a new record level. B2B revenue, on the other hand, remained at a lower level than in the corresponding quarter last year. The trend has stabilized, but at a lower level than during the comparative period. Our strategy is based on a balanced mix of B2C and B2B initiatives, and we are working hard to return to growth in B2B with both existing and new customers. EBIT was €42,000,000 in the quarter, down versus last year, but significantly up from the previous quarter. The EBIT margin was 13.6%, lower than in Q2 last year, but up from the previous quarter. Casino revenue increased by 2%, while sportsbook revenue was up 1% year over year. The sportsbook margin was 10.5%, up from 9.5% in ...