Earnings for Betsson Group rose 10% in the third quarter, up 8% on a same-store basis, reflecting the addition of Rhino Entertainment Group to Betsson’s portfolio. The growth was driven predominantly by iGaming, which saw a 14% revenue increase. Online sports betting was up only 1% in the quarter.
Overall group revenue was €326.5 million ($367 million), while cash flow stood at €63.4 million ($71.3 million), representing a 23% decrease. Betsson ended the quarter with net debt of €98.3 million ($111 million).
Profit also tightened. It was €28.2 million ($31.7 million) for the quarter, down from €50.1 million ($56.3 million) in the third quarter of 2025. Active customers rose to 1.9 million, a near-40% increase.
CEO Pontus Lindwall, in a prepared statement, credited the World Cup and ongoing European soccer play for the strength of the quarter.
