Betsson Q2 Revenue Rises 2.1% to Record $361.9 Million as B2B Weakness Hits Profit

Betsson posted record quarterly revenue for the second quarter of 2026, but a heavier tax burden in regulated markets and a steep drop in B2B licensing income dragged profitability down even as the operator rode a wave of FIFA World Cup betting activity and rapid growth in Latin America.

Revenue for the three months ended June 30 climbed 2.1% to a record €310.2 million (about $361.9 million), with organic revenue growth of 6.1%. Despite the top-line record, operating income fell 38.9% to €42.2 million, EBITDA dropped 30.5% to €58.5 million, and net income slid 38.2% to €30.4 million.

Regulated Markets Squeeze Margins

CEO Pontus Lindwall pointed to Betsson’s growing footprint in regulated jurisdictions as the primary reason profitability slipped even as revenue hit new highs. Regulated markets made up 75.5% of group revenue in the quarter, up sharply from 65.7% a year earlier, bringing with them higher gaming taxes and payment-provider fees that eat into margins.

“The higher share of locally regulated revenue, and the higher gaming taxes that follow, is once again a key explanation for the lower profitability compared with the same period last year,” Lindwall said.

Adding to the profit pressure, B2B licence revenue fell to €49.1 million from €75.6 million a year earlier, driven largely by reduced activity from one major customer. That decline offset otherwise healthy performance across Betsson’s core consumer-facing operations.

Latin America Becomes Betsson’s Top Market

Latin America overtook Central and Eastern Europe and Central Asia (CEECA) to become Betsson’s largest region during the quarter, with revenue surging 32.3% to a record €112.1 million — 36% of total group revenue. Argentina, Peru, and Colombia all posted record quarterly figures, aided by World Cup-driven marketing pushes and heightened customer activity.

“As in previous quarters, the strongest growth came from Latin America, which grew by 32% to new record levels and is now our largest region,” Lindwall said. “The increase was broad-based and received an additional boost from the FIFA World Cup, which contributed to high activity among both new and existing customers.”

Betsson also secured a sportsbook licence in Argentina’s Santa Fe province during the quarter, with a launch planned for the fourth quarter — another step in deepening its presence in one of its fastest-growing markets. Western Europe delivered record revenue of €64.2 million on the strength of Italy, while Nordic revenue fell 17.1% as Betsson pulled back marketing spend in Sweden and Denmark amid intense local competition.

Sportsbook Upgrades Paid Off During the World Cup

Casino remained Betsson’s largest vertical, contributing 70% of group revenue at €217.6 million, while sportsbook revenue held roughly flat at €91.3 million. Ahead of the World Cup, the company expanded its sportsbook infrastructure to handle up to five times normal traffic and rolled out new features such as Goal Rush, which applies multipliers based on the number of goals scored in a match, and Super Sub, which lets a bet transfer to a substitute player if the one originally backed is subbed out mid-game.

“We made a lot of UX enhancements and made it easy for customers to find things to bet on,” Lindwall said of the sportsbook’s performance during the tournament.

Looking ahead, Lindwall said average daily revenue between July 1 and July 13 ran 13.7% higher than the third-quarter 2025 average, with World Cup betting activity continuing to drive momentum into the new quarter. The company also announced a new €75 million credit facility to support future acquisitions, with Lindwall reiterating that Betsson sees greater long-term growth potential in Latin America than in Western Europe.

For bettors weighing their own sportsbook options amid this wave of global platform upgrades, comparing current sportsbook promotions is a good place to start before placing a wager on the next major event.