Betsson customers increase to 1.4 million as EBITDA rises to €77.7 million

Betsson has reported positive results for the first quarter of 2025, with increases to its revenue, profits and active customers, as CEO Pontus Lindwall predicts the continued growth of iGaming as more gambling activity shifts online.

The iGaming group, with major operations in Malta, saw its revenues increase 18 per cent to €293.7 million, drive by increases in its casino (+18 per cent) and sportsbook (+22 per cent) revenues.

EBITDA for the period stook at €77.7 million, a 9 per cent increase.

Mr Lindwall cited “structural growth driven by the continued online migration of gaming” as a key tailwind for the sector, expressing confidence that iGaming will continue expanding for many years to come.

A standout region for Betsson during the quarter was Latin America, which now accounts for a quarter of total revenue. Key milestones included a four-year extension of the group’s jersey sponsorship with Argentina’s Boca Juniors, the opening of a new office in Buenos Aires, and new market entries in Brazil and Paraguay.

“This means we now have operations with local gaming licenses in 25 countries,” Mr Lindwall said, highlighting that revenue from locally regulated markets surged by 60 per cent and now makes up 59 per cent of Betsson’s total.

Despite external pressures such as high inflation and slowing global trade, the Betsson CEO noted that demand for gaming products “has historically been relatively unaffected by the general economic cycle.”

Betsson continues to prioritise geographical diversification and investment in proprietary technology, with ongoing enhancements to its sportsbook and AI-supported customer solutions. The group’s direction remains firmly set on operating in locally regulated markets or those moving toward regulation, aligning closely with its Malta Gaming Authority license and broader compliance strategy.

“As we compare ourselves with competitors, we now have a market-leading sportsbook in many of our focus markets,” Mr Lindwall added.

With a strong start to the year and a scalable global model in place, Betsson looks well positioned to maintain profitable growth through the rest of 2025 and beyond.