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Strong performance in Italy helps lift Betsson’s Western European revenue by 27.3%
Betsson Group has reported another solid quarter, with Italy emerging as the main growth driver for its Western European operations during Q3 2025.
According to the company’s financial report for the period ending 30 September, group revenue increased 5.6% year-on-year to €295.8 million ($343.5 million), supported by strong results in both casino and sportsbook segments. EBITDA rose by 2.7% to €82.5 million, while operating income was up 3.7% to €66.9 million.
Western Europe hits new highs – Italy leads the way
Revenue from Western Europe grew 27.3% year-on-year to €56.9 million, accounting for 19% of Betsson’s total group revenue, up from 16% in Q3 2024.
Within this, iGaming revenue reached €45.7 million, while sportsbook revenue stood at €11.1 million.
Italy was the standout performer, achieving an all-time high for Betsson in the market, driven primarily by record online casino revenue. Although specific market figures were not disclosed, the company noted that both its sportsbook and casino operations in Italy delivered strong results, positioning the country as a key pillar of Betsson’s Western European strategy.
Revenue from locally regulated markets also grew significantly, up 16% year-on-year and representing 64% of total group revenue, compared to 58% in the same period last year.
Commenting on the results, Betsson CEO Pontus Lindwall said the company’s geographic and product diversification continues to act as a buffer against volatility in individual markets.
Lindwall said:
“We have a proven, successful product portfolio consisting of both casino and sports betting, as well as a well-diversified mix of revenues from different geographical regions, which lowers the risks of periodically weaker developments in individual products or markets.”
He added that Betsson’s strong balance sheet enables it to continue investing in technology, product development, and market expansion.
“I look forward with confidence to the end of the year and ahead to 2026 with the upcoming World Cup in football,” Lindwall said. “Our strong balance sheet enables continued investments in product development and strengthened market positions to support continued stable profit growth and dividends to our shareholders.”
LatAm continues to deliver
Betsson’s Latin American operations also contributed significantly to overall performance. Revenue in the region grew 10.2% year-on-year in Q3, supported by strong results in Brazil, Paraguay, Colombia, and Peru.
Casino revenue in LatAm reached a record €56.6 million, up from €46.1 million last year, helping offset a decline in sportsbook revenue, which fell from €23.1 million to €19.8 million due to seasonal factors and lower margins.
Overall, LatAm accounted for 26% of group revenue in Q3, with continued momentum in Argentina, Peru, and Colombia.
Strategic focus and shareholder value
For the first nine months of 2025, Betsson’s group revenue reached €893.1 million, up 11.7% year-on-year. EBITDA rose 6.5% to €244.4 million, and operating income increased 7.2% to €199.9 million.
Looking ahead, the company reiterated its ambition to “sustainably outgrow the market” through organic expansion, entry into new jurisdictions, and continued growth in its B2B business.
In addition, Betsson announced the launch of a share buyback program worth up to €40 million. The initiative, managed by Arctic Securities AS, began on Friday and will run until 30 April 2026, allowing the company to repurchase class B shares on the Nasdaq Stockholm exchange.
Source: iGaming Business
