Betsson Q2 2026 Results: LatAm Now Biggest Market as Profit Falls

Betsson posted record second-quarter revenue of 310.2 million euros for Q2 2026, up 2.1 percent year on year, as Latin America became its single biggest market for the first time. But operating profit fell almost 39 percent to 42.2 million euros as a sharp drop in B2B income and a shrinking Nordics business offset a World Cup-fuelled surge in Latin America. The Stockholm-listed operator also lined up a new 75 million euro credit facility to fund working capital and further acquisitions, signalling that its next growth push will centre on the region.

The numbers, published on 17 July 2026, show a company growing its player base fast while its margins come under pressure, a familiar tension across the online gambling sector this earnings season. Latin America now drives more than a third of everything Betsson earns.

What did Betsson report for Q2 2026?

Betsson reported its highest quarterly revenue on record alongside a steep fall in profit. Group revenue reached 310.2 million euros, up from 303.7 million euros in Q2 2025, a reported rise of 2.1 percent and organic growth of 6.1 percent. Operating income (EBIT) fell to 42.2 million euros from 69 million euros a year earlier, a decline of 38.9 percent. Active B2C customers climbed 31.9 percent year on year to about 1.83 million.

Key facts from Betsson's Q2 2026 results

• Group revenue: 310.2 million euros in Q2 2026, up 2.1 percent from 303.7 million euros in Q2 2025 (Betsson interim report).
• Operating income: 42.2 million euros, down 38.9 percent from 69 million euros a year earlier.
• Latin America: 112.1 million euros, up 32.3 percent and now 36 percent of group revenue.
• B2B revenue: 49.1 million euros, down 35.1 percent from 75.6 million euros, the main drag on profit.
• New facility: a 75 million euro credit facility for working capital and M&A.

Why did Latin America become Betsson's biggest market?

Latin America overtook Western Europe because its revenue jumped 32.3 percent to a record 112.1 million euros, lifted by the FIFA World Cup that kicked off in June. Betsson reported all-time high revenue in Argentina, Peru and Colombia, with Peru and Argentina named as the strongest performers. At 36 percent of the group total, the region is now clearly the company's centre of gravity, ahead of Western Europe on 64.2 million euros.

"We see more structural growth to come from LatAm than from, let's say, Western Europe," said Pontus Lindwall, chief executive of Betsson.

How did the regions compare?

Growth in Latin America and Western Europe was strong, while the Nordics and B2B went backwards. The table below sets out the Q2 2026 revenue split against the same quarter a year earlier.

Segment	Q2 2026	Q2 2025	Change
Latin America	112.1m euros	84.7m euros	+32.3%
Western Europe	64.2m euros	59.3m euros	+8.3%
Nordics	28.1m euros	33.9m euros	-17.1%
B2B	49.1m euros	75.6m euros	-35.1%
Group revenue	310.2m euros	303.7m euros	+2.1%

Why did profit fall if revenue hit a record?

Profit fell because the B2B division and the high-margin Nordics both shrank while lower-margin growth markets expanded. B2B revenue dropped 35.1 percent to 49.1 million euros, weighing directly on group profitability, and Nordic revenue fell 17.1 percent to 28.1 million euros as tighter regulation and tougher comparatives bit. Gross profit came in at 177.5 million euros for a 57.2 percent margin. The mix shift toward Latin America lifts the top line but does less for the bottom line in the short term.

What is the 75 million euro credit facility for?

The new 75 million euro credit facility is earmarked for working capital and mergers and acquisitions, and it frames Betsson's stated ambition to keep expanding in Latin America. Management has pointed to entering new regional markets and buying complementary businesses and full-stack operations. The financing gives the company firepower to move quickly if the right target appears, at a time when consolidation across LatAm igaming is accelerating alongside the wider growth we have tracked in markets such as Brazil.

How did the first half of 2026 look?

Across the first six months, Betsson grew revenue but saw profit fall sharply. H1 2026 revenue reached 595.5 million euros, up around 5 percent from H1 2025, while operating income dropped roughly 43 percent to 76.2 million euros and EBITDA fell about 33 percent to 108.4 million euros. The half-year picture mirrors the quarter: strong customer and revenue momentum, with profitability squeezed by the B2B slide and a softer Nordics.

How regulated is Betsson's revenue now?

Regulated and locally licensed markets accounted for about three quarters of Betsson's revenue in the quarter, a share that continues to rise. That reflects the industry-wide shift toward locally licensed operations, which brings higher taxes and compliance costs but more durable revenue. It also helps explain the Nordics decline, where reregulation and responsible-gambling measures have reset the baseline for operators across the region.

What did the CEO say about the World Cup?

Chief executive Pontus Lindwall credited the FIFA World Cup for a strong quarter and a solid start to the next one.

"The second quarter was characterised by continued healthy growth in our B2C business, positively impacted by the FIFA World Cup that kicked off in June," Lindwall said, adding that the tournament had provided a solid start to the third quarter.

The World Cup has been a defining commercial event for the whole sector this summer, shaping betting volumes and operator revenues well beyond Betsson.

How does Betsson compare with rivals this quarter?

Betsson's split-screen quarter, record revenue but falling profit, echoes a wider theme in Q2 2026 earnings. Suppliers and operators alike have flagged margin pressure from regulation, tax and B2B softness even as top lines hold up. Betsson's answer is geographic: lean harder into Latin America, where player growth is fastest and the regulatory frameworks in Peru, Colombia and Brazil are maturing, while defending share in a slower Western Europe.

What happens next for Betsson?

The immediate focus is converting World Cup-driven customer growth into retained players and using the new credit line to pursue Latin American deals. Investors will watch whether B2B stabilises, whether the Nordics find a floor, and whether the LatAm margin improves as scale builds. With the region now its largest and a war chest in place, Betsson has effectively bet its next chapter on Latin America.

Frequently asked questions

How much revenue did Betsson make in Q2 2026?

Betsson reported record group revenue of 310.2 million euros in Q2 2026, up 2.1 percent year on year and 6.1 percent on an organic basis.

Why did Betsson's profit fall in Q2 2026?

Operating income fell 38.9 percent to 42.2 million euros mainly because B2B revenue dropped 35.1 percent and the higher-margin Nordics declined 17.1 percent, offsetting fast growth in lower-margin Latin America.

Is Latin America now Betsson's biggest market?

Yes. Latin America generated 112.1 million euros, 36 percent of group revenue, overtaking Western Europe for the first time after 32.3 percent year-on-year growth.

What is the 75 million euro credit facility for?

Betsson secured the facility for working capital and to fund mergers and acquisitions, primarily to expand further in Latin America.

Did the FIFA World Cup help Betsson?

Yes. CEO Pontus Lindwall said the World Cup, which began in June, boosted B2C growth in Q2 and provided a solid start to the third quarter.

Updated July 2026. This is trade and financial news for readers aged 18 and over, not investment or betting advice. Figures are drawn from Betsson's Q2 2026 interim report as covered by NEXT.io, iGaming Business and SBC News.