BetMGM has announced its Q1 2026 results, with revenue reaching $696 million, representing a 6% year-on-year growth.Adjusted EBITDA stood at $25 million, which was an 11%...
Betsson sees Q1 revenue decrease to €285M
Betsson has reported its Q1 2026 results, revealing that revenue fell from €294 million to €285 million, while EBIT dropped to €34 million from €64 million in Q1 2025.
The company has stated that the drops are connected to the sharp contraction in B2B income and increased gaming taxes, as B2B license revenue dropped to €51 million from €90 million. This has cut Betsson’s share of total revenue from 31% to 18%.
Regarding casino revenues, the number stood at €204 million, compared to 2025’s €212 million; meanwhile, sportsbook revenue stayed flat at €80 million, with the sportsbook margin improving from 8% to 8.4%. Other products contributed an additional €1 million.
President and CEO of Betsson, Pontus Lindwall, commented:
“Our B2C business continues to perform well overall with good growth and significant contribution to operating income. Nevertheless, we are investing in several B2C markets that are not yet profitable, negatively affecting total EBIT by approximately €10-15 million on a quarterly basis. We still believe that these markets have the potential to become profitable, but continuously monitor and evaluate their performance and prospects.”
Locally regulated markets generated 73% of total revenue, up from the previous record of 59%. Gaming taxes went up from €45 million to €53 million; however, gross margin dropped from 64% to 57.6%.
Speaking regionally, performance in Western Europe increased from €56 million to €61 million, with Latin America seeing a rise from €75 million to €93 million. On the downside, CEECA’s performance dropped from €122 million to €96 million, while Nordics fell from €38 million to €31 million.
Q4 of 2025 in the iGaming industry closed out a very busy year. Betsson, BetMGM, Flutter, Entain, Wynn Resorts, and DraftKings all had a fair share of wins and challenges,...
