Betsson has wrapped up its most successful year to date, delivering record-high revenue, profitability, and operational performance. The company’s strategic expansion into high-growth markets, combined with a scalable business model and strong brand positioning, has cemented its status as a global leader in gaming and sports betting.

Despite increasing competition and regulatory complexities in the industry, Betsson continues to outperform expectations, leveraging its proprietary technology and diversified market presence.

Q4 2024: Historic Performance in Key Metrics

Betsson’s fourth quarter (October–December 2024) demonstrated exceptional financial performance, surpassing several key milestones:

  • Group revenue climbed 22% year-on-year to EUR 306.8 million, with an impressive 48% organic increase.
  • Casino revenue grew by 17%, while sportsbook revenue surged 36%, driven by increased customer engagement and a sportsbook margin of 9.8% (up from 6.2%).
  • EBITDA rose by 20% to EUR 86.4 million, maintaining a 28.2% margin, reflecting strong cost control despite strategic investments.
  • Operating income (EBIT) jumped 23% to EUR 70.2 million, with a 22.9% EBIT margin.
  • Net income reached EUR 53.1 million, with earnings per share (EPS) rising to EUR 0.38.
  • Operating cash flow more than doubled to EUR 84.6 million, up from EUR 47.6 million in Q4 2023.
  • Net debt stood at EUR -139.8 million, reinforcing the company’s strong financial health.

These figures mark a significant milestone, with quarterly revenue exceeding EUR 300 million for the first time in Betsson’s history.

Full-Year 2024: A Breakthrough Year in Revenue and Profitability

For the full year (January–December 2024), Betsson posted exceptional results, solidifying its position among the industry’s most profitable gaming operators:

  • Annual revenue surpassed EUR 1.1 billion for the first time, reflecting a 17% increase year-over-year, with an organic growth rate of 41%.
  • EBITDA rose 20% to EUR 316.0 million, achieving a 28.6% EBITDA margin.
  • Operating income (EBIT) increased by 22% to EUR 256.7 million, with an EBIT margin of 23.2%.
  • Net income hit EUR 183.7 million, with EPS climbing to EUR 1.32.
  • Operating cash flow surged to EUR 272.9 million, providing ample liquidity for growth initiatives and shareholder returns.
  • The Board of Directors has proposed an ordinary dividend of EUR 0.657 per share, alongside a special dividend of EUR 0.10 per share, reinforcing confidence in Betsson’s long-term growth trajectory.

This consistent double-digit growth demonstrates Betsson’s ability to scale its business efficiently, despite industry-wide regulatory shifts and economic fluctuations.

CEO Perspective: « The Best Year in Betsson’s History »

Reflecting on a landmark year, Betsson CEO emphasized the company’s commitment to sustainable growth and market leadership:

« 2024 was the best year in our history, and we continue to strengthen our position as a global leader in gaming and betting. Our strategic investments, disciplined capital allocation, and customer-focused approach have driven high growth and profitability. We are excited about the opportunities ahead as we expand into new markets and enhance our product offerings. »

Key Growth Drivers in 2024

  • Betsson’s strategic investments in Latin America, Central and Eastern Europe, and Central Asia (CEECA) fueled strong growth, capitalizing on emerging markets with high demand for online gaming and sports betting.
  • The company’s in-house technology platform and sportsbook have been critical to its competitive edge, allowing for scalability and improved customer experience.
  • Strategic sports sponsorships have strengthened Betsson’s brand, increasing customer acquisition and retention rates.
  • The bookie’s high-margin business model continues to generate strong cash flow, enabling both reinvestment in growth and attractive shareholder returns.

A Look Ahead to 2025’s opportunities

Opportunities for Expansion & Innovation

Betsson’s long-term vision is centered around geographic expansion, technological advancements, and product innovation:

  • New Market Penetration: The company plans to expand into underdeveloped gaming markets, leveraging its regulatory expertise and adaptive business model.
  • With a strong balance sheet and cash reserves, Betsson is well-positioned to explore strategic acquisitions, consolidating its leadership in key regions.

2025 Outlook: Sustaining Momentum & Delivering Value

As Betsson looks ahead to 2025, the company remains focused on:

✅ Expanding into new high-growth markets
✅ Enhancing its technology and product offerings
✅ Strengthening its sportsbook and gaming platforms
✅ Maintaining financial discipline while delivering strong shareholder returns

With a clear strategic direction and a track record of consistent execution, Betsson is well-positioned to build on its record-breaking 2024 performance.

Final CEO Statement: A Vision for the Future

« We are entering 2025 with strong momentum, a solid financial foundation, and a team committed to innovation and excellence. Our focus on disciplined growth, market diversification, and customer experience will continue to drive long-term value for our shareholders and customers. »

With a full pipeline of strategic initiatives, disciplined financial management, and an unwavering commitment to excellence, Betsson is poised for continued dominance in the global gaming and betting industry in 2025 and beyond.

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