Betsson Reports Revenue Growth in Q3 2022
Casino revenues rose by 8%, but it was sports betting that emerged as the standout performer, with a remarkable growth of 45%. In other segments, operating profit climbed 21% to €38.4 million, while net income reached €32.6 million. Additionally, the total number of active customers grew by 7% to 1,056,400.
Pontus Lindwall, CEO of Betsson AB, stated, "In the third quarter, we continued to see positive momentum with strong growth and profitability for the group as a whole. The company is celebrating new records in revenue and operating profit, driven by both sports betting and casino operations."
Lindwall highlighted that the main growth regions include Latin America, Central and Eastern Europe, and Asia. A significant factor contributing to the profit increase was the high turnover in sportsbooks, partly due to the early start of European football leagues in August 2022. Furthermore, the upcoming FIFA World Cup, set to kick off in November, is expected to have a positive impact on revenue.
Betsson's management expressed satisfaction with the overall profit growth across all verticals. The company noted that its entry into the Dutch market is still pending, as its application for a license is under review. Once approved, Betsson could be poised for new revenue records.
Lindwall also mentioned that his team is eagerly anticipating the results of the fourth quarter, which will undoubtedly be influenced by the World Cup. He remarked that this event could become the largest in Betsson's history.
In related news, Softswiss has launched a new project in collaboration with Spin Samurai.
Blog
Explore more interesting news
Amigo Gaming has announced a new partnership with Elantil, a company renowned for its flexible, modern, and operator-focused approach. As part of the agreement, the ...
The Brazilian Senate's Economic Affairs Committee (CAE) has approved a bill to gradually increase the gross gaming revenue (GGR) tax for casino operators from 12% ...
Pragmatic Play has announced a new partnership with Loterías Torito, aimed at strengthening the provider's position in the regulated Peruvian iGaming market. This agreement will ...
Lotte Tour Development Co. Ltd, the owner of the South Korean casino Jeju Dream Tower, has released its financial results for November 2025. During this ...
Genting Malaysia's revenues significantly exceeded forecasts for the third quarter of 2025. The group's total revenue rose by 22% year-on-year, reaching $813 million (63.6 billion ...
A user of the online casino DraftKings in Michigan has set a new record for the American gambling industry by winning the largest jackpot in ...
Content provider for online casinos, Amigo Gaming, is continuing its expansion in Latin America. The company has announced an extension of its strategic partnership with ...
The regulated sectors of online betting and land-based gambling have played a crucial role in the significant increase in Brazil's tax revenues in October and ...
Finland is steadily moving towards the licensing of its iGaming sector. Today, the country's authorities published two draft technical documents that will form part of ...
BGaming, a prominent game developer, has been honored with the prestigious SiGMA Central Europe Award for "Best Casino Game of 2025" for its viral hit, ...
The iGaming industry in Ontario set record results in October 2025, achieving its highest figures since the launch of the regulated market in 2022. According ...
Booming Gaming has announced a partnership with online casino operator Placard, marking the supplier's debut in Portugal's regulated iGaming market and strengthening its presence in ...
