Betsson AB (BETS_B) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Betsson's presentation of the third quarter 2025. I'm Pontus Lindvall, President and CEO of Betsson. With me today is also our CFO Martin Öhrmann. The global online gaming market is driven by the shift from offline to online gaming and Betsson is well positioned to capture growth opportunities in this structurally attractive market. In the third quarter of 2025, we continue to create value for our customers, partners and shareholders. Total group revenue increased 6% and operating profit grew by 4% compared to the corresponding period last year. Earnings per share increased by 10% year over year. We have a proven and successful product portfolio consisting of both casino and sports betting, as well as a well-diversified mix of revenues from geographical regions, which lowers the risk of periodically weaker developments in individual products or markets. In the third quarter, casino revenue was at new all-time high, up 6% year over year, while sports book revenue was up 4% year over year. Revenue from locally regulated markets increased by 16% and accounted for 64% of total revenue during the quarter. Geographically, the largest growth contribution during the quarter came from Western Europe, where revenue increased by 27%, mainly driven by continued strong growth in Italy, where we continue to gain market share in both casino and sports betting. Latin America also continues to be an important growth region in the quarter, with 10% revenue growth year over year, driven by casino. Our business continues to generate strong cash flows, and our balance sheet is very robust, with a record net cash position of 220 million euros. The board of directors has decided to initiate a share buyback program of up to 40 million euro from today and up till ...