Betsson AB (BETS_B) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:01.347 -- 00:00:06.658 Welcome to Betson Q4 Report 2025. For the first part of the conference call, 00:00:06.658 -- 00:00:09.283 the participants will be in listen-only mode. 00:00:09.283 -- 00:00:14.012 During the questions and answers session, participants are able to ask questions by dialing 00:00:14.012 -- 00:00:19.203 pound key 5 on their telephone keypad. Now I will hand the conference over to CEO 00:00:19.203 -- 00:00:23.960 Pontus Lindwall and CFO Martin Omen. Please go ahead. 00:00:23.960 -- 00:00:28.805 Thank you. Good morning and welcome to Betsson's presentation of the fourth quarter of 00:00:28.805 -- 00:00:34.391 2025. I'm Pontus Lindvall, the president and CEO of Betsson. 00:00:34.391 -- 00:00:40.795 With me and presenting today is also our CFO, Martin Öhman. 00:00:41.378 -- 00:00:46.583 In Q4, we saw continued good customer activity with an increased number of active players 00:00:46.583 -- 00:00:51.801 compared to the same period last year. Revenue amounted to 304 million 00:00:51.801 -- 00:00:56.868 euros and operating income was 53 million in the quarter. 00:00:56.868 -- 00:01:02.154 The EBIT margin was 17.5% for the period. Casino revenue 00:01:02.154 -- 00:01:06.800 was up 3% year over year, while sportsbook revenue was down 9%. 00:01:06.800 -- 00:01:12.006 The sportsbook revenue was negatively impacted by a lower sportsbook margin 00:01:12.006 -- 00:01:14.180 in the quarter. 00:01:14.180 -- 00:01:18.566 We ended the year with a strong net cash position of 158 00:01:18.566 -- 00:01:21.227 million euros. 00:01:21.650 -- 00:01:27.138 Regionally, Western Europe and Latin America continued to show revenue growth, 00:01:27.138 -- 00:01:30.563 while revenue from Nordic region and Seca declined. 00:01:30.563 -- 00:01:36.170 Revenue from our...