Betsson AB (BETS_B) Q3 2025 Earnings Call

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WEBVTT 00:00:00.098 -- 00:00:04.282 Good morning and welcome to Betsson's presentation of the third quarter 2025. 00:00:04.282 -- 00:00:08.467 I'm Pontus Lindvall, President and CEO of Betsson. 00:00:08.467 -- 00:00:12.969 With me today is also our CFO Martin Öhrmann. 00:00:14.874 -- 00:00:20.279 The global online gaming market is driven by the shift from offline to online gaming 00:00:20.279 -- 00:00:25.325 and Betsson is well positioned to capture growth opportunities in this structurally attractive 00:00:25.325 -- 00:00:30.428 market. In the third quarter of 2025, we continue to create value 00:00:30.428 -- 00:00:34.113 for our customers, partners and shareholders. 00:00:34.113 -- 00:00:40.241 Total group revenue increased 6% and operating profit grew by 4% compared 00:00:40.241 -- 00:00:45.568 to the corresponding period last year. Earnings per share increased by 10% year 00:00:45.568 -- 00:00:47.669 over year. 00:00:47.669 -- 00:00:52.156 We have a proven and successful product portfolio consisting of both casino and sports 00:00:52.156 -- 00:00:57.784 betting, as well as a well-diversified mix of revenues from geographical regions, 00:00:57.784 -- 00:01:02.891 which lowers the risk of periodically weaker developments in individual products or 00:01:02.891 -- 00:01:04.293 markets. 00:01:04.293 -- 00:01:09.441 In the third quarter, casino revenue was at new all-time high, up 6% year over 00:01:09.441 -- 00:01:14.281 year, while sports book revenue was up 4% year over year. 00:01:14.281 -- 00:01:19.309 Revenue from locally regulated markets increased by 16% and accounted for 64% 00:01:19.309 -- 00:01:24.637 of total revenue during the quarter. Geographically, the largest growth 00:01:24.637 -- 00:01:29.224 contribution during the quarter came from Western Europe, ...