Betsson’s revenue reached a record €326.5 million in the third quarter of 2026, up 10% year on year, but higher gaming taxes pulled EBITDA down 23% to €63.4 million.
The EBITDA margin narrowed to 19.4% from 27.9% a year earlier. Betting duties climbed to €69.4 million from €41.4 million, operating expenses grew to €135 million, and operating income dropped 31% to €46.1 million. Organic revenue growth was 8%.
B2C revenue grew 28%, though the segment’s gross margin slipped from 64% to 56% as direct gaming taxes increased. B2B revenue fell 39% after one large client, which the company did not name, scaled back activity.
Casino brought in €253.5 million, up 13.7% and equal to 77% of group revenue, while sportsbook was almost flat at €71.8 million. Active customers rose 40% to a new high of 1.87 million, with the 2026 FIFA World Cup and the start of domestic football seasons drawing players.
Latin America led growth with a 51.8% rise to €116.1 million, driven by Argentina, Peru and Colombia. Western Europe gained 13.8%, and Rest of the World more than doubled to €13.7 million following the Rhino Entertainment acquisition in Canada. Central and Eastern Europe and Central Asia dropped 16.8%, and the Nordics fell 10%.
CFO Martin Öhman said the shift toward locally regulated markets, where taxes are higher, has had a mixed effect on results.
In the current quarter, average daily revenue through October 18 was running 11% above the Q4 2025 average.
