Betsson predicts record-breaking Q3 results

Monday, October 10, 2022 4:48 PM
Photo: Betsson Group
  • Ted Menmuir, SBC News

Betsson AB expects to declare record-breaking results for Q3 2022, underlining the continued progress of the Stockholm-listed online gambling group’s diversified global growth strategy.

Issuing a trading update, Betsson forecasts Q3 corporate revenues to stand at €199-to-€201m – an outcome that will register “the highest level of revenues ever achieved by Betsson in a single quarter”.

Peak revenue performance will stand alongside Betsson’s projected record-high operating profit (EBIT) in the range of €37-to-€39m – as the group’s financial results remain above investor consensus for the period.

Betsson cites a ‘favourable revenue mix’ shared by its casino and sportsbook portfolio, that maintained high customer activity during Q3 trading.