Betsson AB (PUBL), one of the leading names in the remote gambling industry, announced its year-end report for the period from 1st January to 31st December 2023.
The report reveals strong figures, showcasing substantial growth and strong financial performance throughout the year despite a year-on-year decrease in sportsbook revenue. Betsson attributed this to lower sportsbook margins stemming from favourable football results, together with a tough comparative period.
Fourth Quarter Highlights:
Full Year 2023 Performance:
CEO’s Perspective:
Betsson CEO Pontus Lindwall expressed his satisfaction with the company’s performance, noting that 2023 marked a new record year for the company. He highlighted several strategic initiatives undertaken to strengthen the product offering, manage risks through geographic diversification, and pave the way for continued profitable growth in regulated markets.
The CEO emphasised Betsson’s commitment to innovation and digitalisation in the gaming industry, highlighting the company’s role as a pioneer in the field. He also expressed confidence in Betsson’s future prospects, citing the strong financial position, proprietary technology, attractive customer offerings, and dedicated employees as key drivers of future value creation.
Looking ahead to 2024, the CEO expressed optimism about Betsson’s prospects, noting the company’s involvement in various football sponsorships and preparations for expansion into new markets like Peru and Brazil.
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