Betsson's Q1 2026 results reveal revenue dip despite customer growth
Betsson, a major name in global betting and gaming, has released its financial results for the first quarter of 2026. While the company saw growth in some areas, overall revenue and profits fell compared to the same period last year. The company’s total revenue for Q1 2026 reached €285.3 million, a 3% drop from 2025. Casino revenue also declined by 4%, landing at €203.8 million. Despite this, sportsbook revenue edged up by 1% to €80.2 million.
Gross profit fell by 13% to €164.4 million, while EBITDA saw a sharper decline of 36%, dropping to €50.0 million. However, the number of active customers rose by 11%, reaching 1,521,055. On a brighter note, Betsson’s B2C revenue grew by 15% year-over-year, with Latin America accounting for a third of total earnings. The sportsbook margin at the start of Q2 2026 also exceeded the average of the past eight quarters. Additionally, the company reported a 3.7% increase in average daily revenue during Q2 2026 compared to the same period in 2025.
Betsson’s latest figures show a mixed performance for early 2026. Customer growth and regional revenue gains in Latin America stand out, but overall profits and earnings have declined. The company will likely focus on maintaining momentum in its stronger markets while addressing areas of decline.
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