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Betsson expects at least €199m revenue for Q3

8 Oct 2022

For Q3 of the year, Betsson Group anticipates a minimum revenue of €199 million, which would mark the company's second straight quarter of record earnings. Likewise, Betsson's predicted third-quarter earnings before interest and taxes would be at an all-time high. It is estimated that this will cost between €37.5 million and €39 million.

What Contributed to Betsson's Profit?

If these projections come true, Betsson's top line will have increased by at least 17% over last year, and EBIT will have raised by at least 18%. Betsson's revenue will have grown from €186.3m on a sequential basis, up at least 7%, and EBIT will have increased by 28%. According to Betsson, a beneficial revenue mix and a configurable business model are also to thank for this anticipated increase in profitability, which was generally driven by increased player engagement during Q3.

Latin America, Central and Eastern Europe, and Central Asia were among the markets that saw notably rapid growth. This would be in line with Betsson's review of Q2 results when these regions were significant growth contributors. Furthermore, due to the upcoming 2022 FIFA World Cup in Qatar, most of the major European football leagues began play earlier than usual in Q3, something that has also played a part.

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Betsson is one of the industry leaders in Scandinavia. The brand keeps walking down the road of legitimacy and legality. After all, the Betsson Group is listed on the stock exchange, and transparency is always the target. The in-house platform is quick and easy to use, both on mobile and desktop and product-wise, there are only a few black marks. Odds on secondary leagues are short; the brand tends to cut winners fast, while the stake limits on the events are mainly low. On the other hand, I like the odds on the top leagues, which can challenge those of Bet365 and are better than Bwin’s. Live streaming and the whole live betting section are state-of-the-art, while the quick withdrawals give an extra boost to the recreational bettors looking for a safe and legit bookie.

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