In 2022 full-year results, Betsson sees new market makeup break all company records

Tuesday, February 14, 2023 8:28 PM
Photo: Betsson Group
  • Ted Menmuir, SBC News

Betsson AB has declared its ‘best year in business’ having achieved four back-to-back record-breaking financial quarters.

Publishing its full-year 2022 accounts, the Stockholm-listed online gambling group’s corporate revenues stood at €777m [$835m] up 18% on FY2021 comparative results of €657m.

Once more, Betsson achieved a record-breaking Q4 performance to close year trading, generating revenues of €220m (Q4 2021: €157m), which benefitted from World Cup 2022 recognised as the “largest sports event ever” experienced by Betsson brands.

A breakdown of segments saw Betsson’s B2C casino unit achieve its third consecutive quarter of peak results, generating Q4 revenues of €146m (Q4 2021: €115m). Generating 66% of Q4 revenues, Betsson lauded the performance of its casino unit.