Betsson Reports Record Q3 Revenue, Marking Seventh Consecutive Quarter of Growth
Date: 2023-10-26 Author: Dima Zakharov Categories: EVENTS
Betsson, the popular online gambling company, has outperformed its previous financial records with a remarkable third quarter in 2023. The company's revenue soared to €236.8m, surpassing its previous record and showing an 18.6% increase compared to the same period last year.
Betsson's thriving performance can be attributed to its flourishing casino business, which achieved a record-breaking revenue of €172.1m during the third quarter. Although sports betting also contributed to the company's success, it was primarily the casino segment that fueled its year-on-year growth.
CEO and President Pontus Lindwall expressed his satisfaction with the quarter's results, highlighting the casino's pivotal role in driving the company's growth. The recent acquisition of BetFirst Group further contributed to the surge in earnings before interest and tax (EBIT) during this period.
Breaking down the company's performance, it was evident that the casino segment accounted for the majority of the revenue, with mobile activities contributing significantly. Additionally, Betsson's strategic expansions in various regions, including Central and Eastern Europe, Central Asia, and Latin America, have been instrumental in its remarkable growth.
Overall, Betsson's exceptional financial performance in Q3 reflects its commitment to delivering profitable growth and creating long-term value for its shareholders.
