Betsson Q2 2026 Results: Revenue Hits Record €310.2 Million

Betsson posted record revenue of 310.2 million euros in the second quarter of 2026, up 2.1 percent year on year, but operating profit fell 38.9 percent to 42.2 million euros as higher gaming taxes on newly regulated markets ate into margins. The Stockholm listed operator's Latin America business grew 32.3 percent to become its single largest region, offsetting a 17.1 percent slide in the Nordics, while a weaker B2B licensing arm dragged group profitability down even as the core consumer facing business kept growing.

What did Betsson report for Q2 2026?

Betsson reported group revenue of 310.2 million euros (about 361.9 million dollars) for the quarter ending June 30, 2026, a 2.1 percent increase on the 303.7 million euros booked in Q2 2025, according to the company's results covered by Yogonet. Organic growth, which strips out currency effects, ran higher at 6.1 percent. EBITDA came in at 58.5 million euros, down 30.5 percent from 84.1 million euros a year earlier, and net income fell 38.2 percent to 30.4 million euros.

Key facts

• Q2 2026 revenue: 310.2 million euros, up 2.1 percent year on year (Yogonet, July 2026)
• Q2 2026 operating income: 42.2 million euros, down 38.9 percent year on year (Yogonet, July 2026)
• Latin America revenue: 112.1 million euros, up 32.3 percent and now Betsson's largest region (SBC News, July 2026)

Why did Betsson's profit fall despite record revenue?

Betsson's profit fell because a growing share of its business now comes from regulated markets that charge higher gaming taxes, and those taxes cut straight into margin even as top line revenue climbed. Regulated markets accounted for 75.5 percent of group revenue in Q2 2026, up from 65.7 percent a year earlier. Chief executive Pontus Lindwall said in the results statement reported by Yogonet: "The higher share of locally regulated revenue, and the higher gaming taxes that follow, is once again a key explanation for the lower profitability."

How much did operating income and EBITDA drop?

Operating income dropped 38.9 percent to 42.2 million euros in the quarter, down from roughly 68 million euros in Q2 2025, according to figures reported by SBC News. EBITDA fell 30.5 percent to 58.5 million euros. Over the first half of 2026 the pattern repeats at group level: H1 revenue rose 5 percent to 595.5 million euros, but H1 EBITDA dropped 33 percent to 108.4 million euros and H1 operating income fell 43 percent to 76.2 million euros.

Which region drove Betsson's growth in Q2 2026?

Latin America drove almost all of Betsson's growth, with revenue up 32.3 percent to 112.1 million euros, or 36 percent of the group total, making it Betsson's biggest region for the first time and overtaking Central and Eastern Europe, Caucasus and Central Asia (CEECA). Lindwall credited "earlier product investments, strong brands and well targeted marketing activities" in Peru and Argentina, where the operator also secured a new sportsbook license tied to Santa Fe province in Argentina during the quarter.

What happened to Betsson's Nordic revenue?

Betsson's Nordic revenue declined 17.1 percent in the quarter, the sharpest regional drop the company reported, even as Western Europe hit a record 64.2 million euros. The Nordic weakness sits alongside a mixed regional picture across the Swedish market more broadly: state operator Svenska Spel recently reported its best second quarter since Swedish reregulation, underlining how competitive dynamics, not just tax, are reshaping who wins share in the region.

How did the B2B licensing segment perform?

Betsson's B2B licensing revenue fell to 49.1 million euros in Q2 2026 from 75.6 million euros a year earlier, a decline that NEXT.io identified as the single biggest drag on group profitability this quarter. The B2B unit licenses Betsson's platform and games to third party operators, and its weakness partly offset the growth in the company's own consumer facing (B2C) casino and sportsbook brands, according to NEXT.io's coverage of the results.

How did the casino and sportsbook segments split out?

Casino remained Betsson's largest product line at 217.6 million euros, about 70 percent of group revenue, while sportsbook revenue came in at 91.3 million euros for the quarter. Lindwall said the company was "very satisfied with the performance of the sportsbook from a technical angle," pointing to the FIFA World Cup, which kicked off in June, as a driver of B2C momentum heading into the third quarter.

What did the World Cup mean for Betsson's sportsbook business?

The FIFA World Cup gave Betsson's sportsbook a clear lift entering Q3, with the company saying the tournament "provided a solid start to the third quarter." Betsson said average daily revenue between July 1 and 13 was running 13.7 percent ahead of the same period in Q3 2025, an early signal that the tournament boost extended past June into the following quarter.

How did investors react to the results?

Betsson shares climbed around 2 percent in early trading after the results were published, as investors weighed record revenue and strong Latin American growth against the steep profit decline, according to NEXT.io. The stock's reaction follows a rougher start to the year: Betsson shares had fallen 14 percent after its first quarter 2026 results, when CEECA revenue weakness dominated the narrative, a swing that shows how sensitive the market remains to regional performance and margin trends at the operator.

What is Betsson's outlook for Q3 2026?

Betsson did not issue formal full year revenue or earnings guidance, but it pointed to early Q3 trading running ahead of last year and reiterated a focus on cost efficiency. Lindwall said the company remains "well placed to continue creating long term value for our shareholders," citing its "competitive product offering and strong market positions" across its portfolio of consumer brands.

How does Betsson's quarter compare with rivals?

Operator	Metric	Result	Direction
Betsson	Q2 2026 revenue	310.2 million euros	Up 2.1 percent
Betsson	Q2 2026 operating income	42.2 million euros	Down 38.9 percent
Playtech	2026 EBITDA forecast	270 million euros	Raised, on US growth
Rank Group	Full year profit outlook	76 million pounds	Raised, on cost cuts

The contrast is instructive. While Betsson's profit is being squeezed by gaming tax on regulated revenue, suppliers and land-heavy operators are telling a different story this earnings season: Playtech raised its 2026 EBITDA forecast to 270 million euros on US growth, and Rank Group lifted its full year profit outlook to 76 million pounds through cost cutting rather than revenue growth. Betsson's results show a third path, a revenue focused operator absorbing tax headwinds directly on the bottom line.

What does the tax squeeze mean for the wider industry?

Betsson's results add another data point to a pattern playing out across regulated European and Latin American markets in 2026, where operators are growing top line revenue in licensed channels but watching margins compress as governments raise gaming taxes to capture more of that growth. UK operator Entain recently cut 500 roles as UK tax increases bit into its business, and the pressure is now visible at Betsson too, where 75.5 percent of revenue sits in regulated, higher tax markets compared with 65.7 percent a year ago.

What happens next for Betsson?

Betsson heads into the second half of 2026 with World Cup momentum in its sportsbook, a Latin American business that is now its biggest region, and a B2B licensing arm it will need to stabilize if group profitability is to recover. The company's next scheduled disclosure will be its third quarter results, expected in October or November 2026, when investors will be watching whether the early July revenue trend of 13.7 percent growth over Q3 2025 held through the full quarter and whether margins begin to recover.

Frequently asked questions

What was Betsson's revenue in Q2 2026?

Betsson reported revenue of 310.2 million euros for Q2 2026, a record for the company and up 2.1 percent from 303.7 million euros in Q2 2025.

Why did Betsson's profit fall in Q2 2026?

Betsson's operating income fell 38.9 percent to 42.2 million euros mainly because a larger share of revenue now comes from regulated markets that carry higher gaming taxes, alongside weaker B2B licensing revenue.

Which region is now Betsson's largest market?

Latin America is now Betsson's largest region after revenue there grew 32.3 percent to 112.1 million euros in Q2 2026, overtaking the CEECA region.

Did Betsson's share price rise or fall after the results?

Betsson shares rose about 2 percent in early trading after the Q2 2026 results were published, as record revenue and Latin American growth offset concerns about falling profit.

What did the FIFA World Cup mean for Betsson?

The FIFA World Cup, which began in June 2026, boosted Betsson's sportsbook and helped early third quarter daily revenue run 13.7 percent ahead of the same period in Q3 2025.

Updated July 2026.