Shares in Betsson fell more than 13% [Friday] as investors reacted to the group’s Q2 2025 results, which showed solid growth but failed to exceed expectations.
The sharp decline came despite double-digit increases in both revenue and earnings, raising questions about market sentiment amid a rising tax burden in regulated markets and stagnation in core Nordic markets.
Group revenue rose 12% year-on-year to €303.7m [$353.1m] in Q2, with organic growth reaching 16%. Growth was powered by strong results in Latin America, a sportsbook margin of 9.5% (up from 8.6%), and continued expansion into new markets. Casino revenue rose 11%, while sportsbook revenue climbed 15%.
EBITDA for the quarter rose 8% to €84.1m [$97.8m], though the firm’s EBITDA margin dipped to 27.7%, down from 28.6% in Q2 2024.
