Betsson AB has alerted investors that Q2 2023 will generate the highest revenue ever in a single quarter recorded by the Stockholm-listed online gambling group. Investors were informed that the operator’s Q2 revenues are expected to be in the range of €235.5m to €237.5m [$259.7m to $261.9m].
The strong financial performance is due to increased customer activity in casino and sports betting, resulting in record-breaking operating profits.
Bottomline results see Betsson expect Q2 EBIT to stand between €53.5m and €55m, a result attributed to higher revenue generation of customers and a scalable business model.
Of significance, Q2 trading registered a preliminary sportsbook margin of approximately 8.2%, in line with Q2 2022 and higher than the eight-quarter rolling average of 7.8%.
