Increase in number of active players drives strong second quarter for Betsson

Sunday, July 21, 2024 5:55 PM
Photo:  Betsson Group
  • Robert Fletcher, iGaming Business

A 25.4% year-on-year increase in active players drove revenue, net profit and EBITDA up at Betsson in Q2.

Q2 revenue increased by 14.8% to €271.8m ($295.9m), a quarterly record for Betsson. In Q2 last year, the operator posted revenue of €236.8m [$257.7m].

A large part of this was down to a rise in active players to 1,404,147 leading to an increase in deposits. Total customer deposits in Q2 were 15.0% higher at €1.43bn, a new record for the group.

This resulted in the operator’s core casino and sports verticals growing during the quarter. Casino remains the main source of revenue, with Q2’s €191.1m total up 15.8% on the prior year, setting a new record for the business and making up 70% of the quarterly total.