{"id":132459,"date":"2026-10-26T09:09:26","date_gmt":"2026-10-26T08:09:26","guid":{"rendered":"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-q3-2026-revenue-profit-report\/"},"modified":"2026-10-26T09:09:26","modified_gmt":"2026-10-26T08:09:26","slug":"betsson-q3-2026-revenue-profit-report","status":"publish","type":"post","link":"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-q3-2026-revenue-profit-report\/","title":{"rendered":"Betsson Posts Record Q3 2026 Revenue While Rising Costs Cut Profit"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Betsson Posts Record Q3 2026 Revenue \u2013 Increased Gaming Taxes and Payment Costs Reduce Net Profit<\/p>\n\n<span class=\"anchor\" id=\"key-takeaways\" title=\"Key Takeaways\"><\/span><h2 class=\"wp-block-heading\">Key Takeaways<\/h2>\n\n<ul class=\"wp-block-list\"><li>Group revenue reached a record \u20ac326.5 million in the third quarter of 2026.<\/li><li>Net income dropped 44 percent to \u20ac28.2 million amid rising operational costs.<\/li><li>The Latin American market became the largest region and generated 36 percent of total revenue.<\/li><li>Casino gaming accounted for 77 percent of the company revenue pool.<\/li><li>Operations in Brazil halted new user registrations following an immediate online gambling ban.<\/li><\/ul>\n\n<span class=\"anchor\" id=\"casino-operations-offset-weak-sportsbook-and-b2b-performance\" title=\"Casino Operations Offset Weak Sportsbook and B2B Performance\"><\/span><h2 class=\"wp-block-heading\">Casino Operations Offset Weak Sportsbook and B2B Performance<\/h2>\n\n<p class=\"wp-block-paragraph\">Betsson reported an overall revenue increase to <strong>\u20ac326.5 million<\/strong> for the third quarter of 2026. This figure represents an upward shift from \u20ac295.8 million during the same period the previous year. Casino operations served as the primary growth engine for the group. The casino segment alone generated 77 percent of total revenue, marking an increase from 75 percent a year earlier.<\/p>\n\n<p class=\"wp-block-paragraph\">Management expanded the gaming portfolio by adding 478 new casino games during the quarter. This expansion included 40 exclusive titles designed to attract and retain players. Sportsbook revenue saw a minimal increase of 0.8 percent to \u20ac71.8 million. Chief Executive Officer Pontus Lindwall attributed the flat sportsbook performance to a considerably lower margin compared to the second quarter.<\/p>\n\n<p class=\"wp-block-paragraph\">Business-to-business license revenue experienced a sharp decline during this reporting period. The B2B segment fell from \u20ac76.9 million to \u20ac46.7 million. A reduction in revenue generated from a single major customer was the primary driver of this decrease.<\/p>\n\n<span class=\"anchor\" id=\"higher-taxation-and-operational-expenses-compress-profitability\" title=\"Higher Taxation and Operational Expenses Compress Profitability\"><\/span><h2 class=\"wp-block-heading\">Higher Taxation and Operational Expenses Compress Profitability<\/h2>\n\n<p class=\"wp-block-paragraph\">The record revenue figures did not translate into higher profits for the company. Gross profit fell by 5 percent to \u20ac181.1 million during the third quarter. The earnings before interest, taxes, depreciation, and amortization dropped 23 percent to \u20ac63.4 million. Net income saw the most significant decline, falling 44 percent to <strong>\u20ac28.2 million<\/strong>.<\/p>\n\n<p class=\"wp-block-paragraph\">The earnings before interest and taxes margin narrowed from 22.6 percent down to 14.1 percent. Rising operational expenses directly caused this profitability gap. The cost of services escalated to \u20ac145.4 million from \u20ac106 million a year earlier. Higher gaming taxes and increased fees from payment providers were the main components of this cost increase.<\/p>\n\n<p class=\"wp-block-paragraph\">Betting duties alone surged from \u20ac41.4 million to \u20ac69.4 million. Marketing expenses also rose, reaching \u20ac41.6 million excluding affiliate and partner commissions. The company directed a substantial portion of this marketing budget toward Latin American operations. Revenue generated from locally regulated markets grew 35 percent to \u20ac253.8 million, which now represents 77.7 percent of the total group revenue.<\/p>\n\n<span class=\"anchor\" id=\"latin-america-surpasses-ceeca-as-the-largest-revenue-region\" title=\"Latin America Surpasses CEECA as the Largest Revenue Region\"><\/span><h2 class=\"wp-block-heading\">Latin America Surpasses CEECA as the Largest Revenue Region<\/h2>\n\n<p class=\"wp-block-paragraph\">Latin America emerged as the largest regional market for the company, contributing <strong>36 percent<\/strong> of total revenue. Revenue from this region hit a record \u20ac116.1 million. Argentina, Peru, and Colombia delivered strong performance metrics. High customer activity and marketing execution linked to the FIFA World Cup drove the growth in Peru and Argentina.<\/p>\n\n<p class=\"wp-block-paragraph\">The Central and Eastern Europe and Central Asia region dropped to the second-largest market. Revenue in this territory fell 16.8 percent to \u20ac99.2 million, accounting for 30 percent of the group total. Lower B2B license revenue was the primary factor behind the weakness in this specific jurisdiction.<\/p>\n\n<p class=\"wp-block-paragraph\">Western Europe established a new regional record with an increase of 13.8 percent to \u20ac64.8 million. Italy recorded its highest revenue to date, supporting the broader European growth. Operations in the Nordic region faced challenges as revenue fell 10 percent to \u20ac32.7 million.<\/p>\n\n<span class=\"anchor\" id=\"recent-acquisitions-strengthen-the-north-american-market-position\" title=\"Recent Acquisitions Strengthen the North American Market Position\"><\/span><h2 class=\"wp-block-heading\">Recent Acquisitions Strengthen the North American Market Position<\/h2>\n\n<p class=\"wp-block-paragraph\">Revenue from the rest of the world more than doubled to \u20ac13.7 million during the quarter. The acquisition of Rhino Entertainment and organic growth in Canada fueled this expansion. Betsson finalized the Rhino Entertainment deal in early August for a preliminary purchase price of <strong>\u20ac73.1 million<\/strong>.<\/p>\n\n<p class=\"wp-block-paragraph\">The company booked \u20ac47.8 million of this transaction as goodwill in its interim report. The acquisition includes Canadian business-to-consumer operations in Ontario and other provinces. It also provides front-end and middleware technology that management expects to support future B2B licensing revenue. Rhino delivered a positive contribution to both revenue and earnings during its first quarter under new ownership.<\/p>\n\n<span class=\"anchor\" id=\"regulatory-shifts-force-market-adjustments-and-suspensions\" title=\"Regulatory Shifts Force Market Adjustments and Suspensions\"><\/span><h2 class=\"wp-block-heading\">Regulatory Shifts Force Market Adjustments and Suspensions<\/h2>\n\n<p class=\"wp-block-paragraph\">The company implemented immediate changes in Brazil after the government issued an online gambling ban on September 25. The local subsidiary suspended all new registrations, halted deposits, and completely stopped advertising campaigns. This emergency measure requires congressional approval within 120 days to remain in permanent effect.<\/p>\n\n<p class=\"wp-block-paragraph\">The quarterly report detailed several other compliance adjustments across international markets. Betsson confirmed its complete exit from the German market. Management also highlighted a proposed gambling tax increase in Lithuania and ongoing European Union discussions regarding a potential online gambling levy. Operations in Buenos Aires Province now face a new 2 percent tax on online instant-win winnings.<\/p>\n\n<p class=\"wp-block-paragraph\">In the Belgian market, the company retired the betFIRST brand and replaced it with the core Betsson brand at the end of the quarter.<\/p>\n\n<span class=\"anchor\" id=\"financial-positioning-highlights-early-fourth-quarter-growth\" title=\"Financial Positioning Highlights Early Fourth Quarter Growth\"><\/span><h2 class=\"wp-block-heading\">Financial Positioning Highlights Early Fourth Quarter Growth<\/h2>\n\n<p class=\"wp-block-paragraph\">Average daily revenue for the fourth quarter through October 18 trended 11 percent above the daily average of the same period in 2025. This increase stood at 9.4 percent when excluding currency effects and recent acquisitions. Sportsbook margins during these opening weeks remained well below the average recorded over the previous eight quarters.<\/p>\n\n<p class=\"wp-block-paragraph\">The balance sheet showed \u20ac284.7 million in cash reserves at the end of September. This represents a decrease from the \u20ac394.2 million held a year earlier. Net debt was reported at negative \u20ac98.3 million.<\/p>\n\n<p class=\"wp-block-paragraph\">A revolving credit facility of \u20ac75 million signed in July remained completely undrawn at the close of the quarter. Overall revenue for the first nine months of 2026 rose 3 percent to \u20ac922.1 million. Net income for the year-to-date period dropped to \u20ac84.1 million during this time frame.<\/p>\n\n<span class=\"anchor\" id=\"our-assessment\" title=\"Our Assessment\"><\/span><h2 class=\"wp-block-heading\">Our Assessment<\/h2>\n\n<p class=\"wp-block-paragraph\">The third quarter of 2026 illustrates a clear separation between revenue growth and profitability for Betsson. Expanding casino operations and strong engagement in Latin America successfully pushed top-line revenue to new heights. Escaping the pressure of rising gaming taxes and payment processing costs remains a significant operational challenge.<\/p>\n\n<p class=\"wp-block-paragraph\">The substantial drop in net income and the narrowing profit margin reflect the direct impact of these increased expenses. Compliance requirements and immediate regulatory interventions require swift adaptations. The recent operational suspensions in Brazil demonstrate how rapid legal shifts continue to shape the financial trajectory of the entire company.<\/p>\n\n<div class=\"gambling-disclaimer\">\n\t<p>\n\t\tWe have imposed strict editorial guidelines on ourselves and explain our testing methods openly and comprehensively. We also communicate transparently how our work is financed. This site may contain tracking links, but this does not influence our objective view in any way.\t<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Betsson achieved record revenue in the third quarter of 2026, driven largely by casino growth and expansion in Latin America. Increased operational costs and gaming taxes significantly reduced net profits during the same period.<\/p>\n","protected":false},"author":8,"featured_media":132458,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[],"tags":[],"news_crypto_coin":[],"class_list":["post-132459","post","type-post","status-publish","format-standard","has-post-thumbnail"],"acf":{"faqs":null,"sort_number":999,"sort_number_no_override":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.2 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Betsson Q3 2026 Financial Report: Revenue Hits Record High<\/title>\n<meta name=\"description\" content=\"Betsson reports record Q3 2026 revenue of \u20ac326.5 million. Higher gaming taxes and payment costs caused net income to decline by 44 percent during the quarter.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-q3-2026-revenue-profit-report\/\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kryptocasinos.com EN\" \/>\n<meta property=\"og:description\" content=\"Betsson reports record Q3 2026 revenue of \u20ac326.5 million. Higher gaming taxes and payment costs caused net income to decline by 44 percent during the quarter.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-q3-2026-revenue-profit-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Kryptocasinos.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/kryptocasinoscomm\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-10-26T08:09:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2026\/10\/betsson-q3-2026-revenue-profit-report.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1408\" \/>\n\t<meta property=\"og:image:height\" content=\"736\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Isabella Brown\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Isabella Brown\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/news\\\/betsson-q3-2026-revenue-profit-report\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/news\\\/betsson-q3-2026-revenue-profit-report\\\/\"},\"author\":{\"name\":\"Isabella Brown\",\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/#\\\/schema\\\/person\\\/badee6a5ed8b6777da5bd380d112bcdc\"},\"headline\":\"Betsson Posts Record Q3 2026 Revenue While Rising Costs Cut Profit\",\"datePublished\":\"2026-10-26T09:09:26+01:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/news\\\/betsson-q3-2026-revenue-profit-report\\\/\"},\"wordCount\":1010,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/news\\\/betsson-q3-2026-revenue-profit-report\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.kryptocasinos.com\\\/wp-content\\\/uploads\\\/2026\\\/10\\\/betsson-q3-2026-revenue-profit-report.jpg\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/news\\\/betsson-q3-2026-revenue-profit-report\\\/#respond\"]}],\"description\":\"\",\"isAccessibleForFree\":true,\"articleBody\":\"Betsson Posts Record Q3 2026 Revenue - Increased Gaming Taxes and Payment Costs Reduce Net Profit\\n\\nKey Takeaways\\n\\nGroup revenue reached a record \u20ac326.5 million in the third quarter of 2026.Net income dropped 44 percent to \u20ac28.2 million amid rising operational costs.The Latin American market became the largest region and generated 36 percent of total revenue.Casino gaming accounted for 77 percent of the company revenue pool.Operations in Brazil halted new user registrations following an immediate online gambling ban.\\n\\nCasino Operations Offset Weak Sportsbook and B2B Performance\\n\\nBetsson reported an overall revenue increase to \u20ac326.5 million for the third quarter of 2026. This figure represents an upward shift from \u20ac295.8 million during the same period the previous year. Casino operations served as the primary growth engine for the group. The casino segment alone generated 77 percent of total revenue, marking an increase from 75 percent a year earlier.\\n\\nManagement expanded the gaming portfolio by adding 478 new casino games during the quarter. This expansion included 40 exclusive titles designed to attract and retain players. Sportsbook revenue saw a minimal increase of 0.8 percent to \u20ac71.8 million. Chief Executive Officer Pontus Lindwall attributed the flat sportsbook performance to a considerably lower margin compared to the second quarter.\\n\\nBusiness-to-business license revenue experienced a sharp decline during this reporting period. The B2B segment fell from \u20ac76.9 million to \u20ac46.7 million. A reduction in revenue generated from a single major customer was the primary driver of this decrease.\\n\\nHigher Taxation and Operational Expenses Compress Profitability\\n\\nThe record revenue figures did not translate into higher profits for the company. Gross profit fell by 5 percent to \u20ac181.1 million during the third quarter. The earnings before interest, taxes, depreciation, and amortization dropped 23 percent to \u20ac63.4 million. Net income saw the most significant decline, falling 44 percent to \u20ac28.2 million.\\n\\nThe earnings before interest and taxes margin narrowed from 22.6 percent down to 14.1 percent. Rising operational expenses directly caused this profitability gap. The cost of services escalated to \u20ac145.4 million from \u20ac106 million a year earlier. Higher gaming taxes and increased fees from payment providers were the main components of this cost increase.\\n\\nBetting duties alone surged from \u20ac41.4 million to \u20ac69.4 million. Marketing expenses also rose, reaching \u20ac41.6 million excluding affiliate and partner commissions. The company directed a substantial portion of this marketing budget toward Latin American operations. Revenue generated from locally regulated markets grew 35 percent to \u20ac253.8 million, which now represents 77.7 percent of the total group revenue.\\n\\nLatin America Surpasses CEECA as the Largest Revenue Region\\n\\nLatin America emerged as the largest regional market for the company, contributing 36 percent of total revenue. Revenue from this region hit a record \u20ac116.1 million. Argentina, Peru, and Colombia delivered strong performance metrics. High customer activity and marketing execution linked to the FIFA World Cup drove the growth in Peru and Argentina.\\n\\nThe Central and Eastern Europe and Central Asia region dropped to the second-largest market. Revenue in this territory fell 16.8 percent to \u20ac99.2 million, accounting for 30 percent of the group total. Lower B2B license revenue was the primary factor behind the weakness in this specific jurisdiction.\\n\\nWestern Europe established a new regional record with an increase of 13.8 percent to \u20ac64.8 million. Italy recorded its highest revenue to date, supporting the broader European growth. Operations in the Nordic region faced challenges as revenue fell 10 percent to \u20ac32.7 million.\\n\\nRecent Acquisitions Strengthen the North American Market Position\\n\\nRevenue from the rest of the world more than doubled to \u20ac13.7 million during the quarter. The acquisition of Rhino Entertainment and organic growth in Canada fueled this expansion. Betsson finalized the Rhino Entertainment deal in early August for a preliminary purchase price of \u20ac73.1 million.\\n\\nThe company booked \u20ac47.8 million of this transaction as goodwill in its interim report. The acquisition includes Canadian business-to-consumer operations in Ontario and other provinces. It also provides front-end and middleware technology that management expects to support future B2B licensing revenue. Rhino delivered a positive contribution to both revenue and earnings during its first quarter under new ownership.\\n\\nRegulatory Shifts Force Market Adjustments and Suspensions\\n\\nThe company implemented immediate changes in Brazil after the government issued an online gambling ban on September 25. The local subsidiary suspended all new registrations, halted deposits, and completely stopped advertising campaigns. This emergency measure requires congressional approval within 120 days to remain in permanent effect.\\n\\nThe quarterly report detailed several other compliance adjustments across international markets. Betsson confirmed its complete exit from the German market. Management also highlighted a proposed gambling tax increase in Lithuania and ongoing European Union discussions regarding a potential online gambling levy. Operations in Buenos Aires Province now face a new 2 percent tax on online instant-win winnings.\\n\\nIn the Belgian market, the company retired the betFIRST brand and replaced it with the core Betsson brand at the end of the quarter.\\n\\nFinancial Positioning Highlights Early Fourth Quarter Growth\\n\\nAverage daily revenue for the fourth quarter through October 18 trended 11 percent above the daily average of the same period in 2025. This increase stood at 9.4 percent when excluding currency effects and recent acquisitions. Sportsbook margins during these opening weeks remained well below the average recorded over the previous eight quarters.\\n\\nThe balance sheet showed \u20ac284.7 million in cash reserves at the end of September. This represents a decrease from the \u20ac394.2 million held a year earlier. Net debt was reported at negative \u20ac98.3 million.\\n\\nA revolving credit facility of \u20ac75 million signed in July remained completely undrawn at the close of the quarter. Overall revenue for the first nine months of 2026 rose 3 percent to \u20ac922.1 million. Net income for the year-to-date period dropped to \u20ac84.1 million during this time frame.\\n\\nOur Assessment\\n\\nThe third quarter of 2026 illustrates a clear separation between revenue growth and profitability for Betsson. Expanding casino operations and strong engagement in Latin America successfully pushed top-line revenue to new heights. Escaping the pressure of rising gaming taxes and payment processing costs remains a significant operational challenge.\\n\\nThe substantial drop in net income and the narrowing profit margin reflect the direct impact of these increased expenses. Compliance requirements and immediate regulatory interventions require swift adaptations. The recent operational suspensions in Brazil demonstrate how rapid legal shifts continue to shape the financial trajectory of the entire company.\\n\\n\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/news\\\/betsson-q3-2026-revenue-profit-report\\\/\",\"url\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/news\\\/betsson-q3-2026-revenue-profit-report\\\/\",\"name\":\"Betsson Q3 2026 Financial Report: Revenue Hits Record High\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/news\\\/betsson-q3-2026-revenue-profit-report\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/news\\\/betsson-q3-2026-revenue-profit-report\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.kryptocasinos.com\\\/wp-content\\\/uploads\\\/2026\\\/10\\\/betsson-q3-2026-revenue-profit-report.jpg\",\"datePublished\":\"2026-10-26T09:09:26+01:00\",\"description\":\"Betsson reports record Q3 2026 revenue of \u20ac326.5 million. 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Compare top Bitcoin gambling sites by payouts, bonuses, KYC, and supported coins, with hands-on testing.\",\"address\":{\"@type\":\"PostalAddress\",\"streetAddress\":\"557 Fuk Wing St\",\"addressLocality\":\"Cheung Sha Wan\",\"addressRegion\":\"HK\",\"postalCode\":\"999077\",\"addressCountry\":\"CN\"},\"contactPoint\":{\"@type\":\"ContactPoint\",\"email\":\"contact@kryptocasinos.com\"},\"foundingDate\":\"2021-03-27\",\"email\":\"hello@kryptocasinos.com\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"11\",\"maxValue\":\"50\"},\"publishingPrinciples\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/editorial-guidelines\\\/\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/#\\\/schema\\\/person\\\/badee6a5ed8b6777da5bd380d112bcdc\",\"name\":\"Isabella Brown\",\"description\":\"Isabella Brown is a Senior Editor and Crypto Gambling Analyst at KryptoCasinos.com. She has worked in iGaming since 2017, including three years analyzing industry news and trends at iGaming Business (iGB). She covers crypto gambling regulation, casino security, and market developments for US readers, and checks site content for accuracy before publication.\",\"birthDate\":\"1995-02-13\",\"url\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/author\\\/isabella\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Betsson Q3 2026 Financial Report: Revenue Hits Record High","description":"Betsson reports record Q3 2026 revenue of \u20ac326.5 million. Higher gaming taxes and payment costs caused net income to decline by 44 percent during the quarter.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-q3-2026-revenue-profit-report\/","og_type":"article","og_title":"Kryptocasinos.com EN","og_description":"Betsson reports record Q3 2026 revenue of \u20ac326.5 million. Higher gaming taxes and payment costs caused net income to decline by 44 percent during the quarter.","og_url":"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-q3-2026-revenue-profit-report\/","og_site_name":"Kryptocasinos.com","article_publisher":"https:\/\/www.facebook.com\/kryptocasinoscomm\/","article_published_time":"2026-10-26T08:09:26+00:00","og_image":[{"width":1408,"height":736,"url":"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2026\/10\/betsson-q3-2026-revenue-profit-report.jpg","type":"image\/jpeg"}],"author":"Isabella Brown","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Isabella Brown","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-q3-2026-revenue-profit-report\/#article","isPartOf":{"@id":"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-q3-2026-revenue-profit-report\/"},"author":{"name":"Isabella Brown","@id":"https:\/\/www.kryptocasinos.com\/en\/#\/schema\/person\/badee6a5ed8b6777da5bd380d112bcdc"},"headline":"Betsson Posts Record Q3 2026 Revenue While Rising Costs Cut Profit","datePublished":"2026-10-26T09:09:26+01:00","mainEntityOfPage":{"@id":"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-q3-2026-revenue-profit-report\/"},"wordCount":1010,"commentCount":0,"publisher":{"@id":"https:\/\/www.kryptocasinos.com\/en\/#organization"},"image":{"@id":"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-q3-2026-revenue-profit-report\/#primaryimage"},"thumbnailUrl":"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2026\/10\/betsson-q3-2026-revenue-profit-report.jpg","inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.kryptocasinos.com\/en\/news\/betsson-q3-2026-revenue-profit-report\/#respond"]}],"description":"","isAccessibleForFree":true,"articleBody":"Betsson Posts Record Q3 2026 Revenue - Increased Gaming Taxes and Payment Costs Reduce Net Profit\n\nKey Takeaways\n\nGroup revenue reached a record \u20ac326.5 million in the third quarter of 2026.Net income dropped 44 percent to \u20ac28.2 million amid rising operational costs.The Latin American market became the largest region and generated 36 percent of total revenue.Casino gaming accounted for 77 percent of the company revenue pool.Operations in Brazil halted new user registrations following an immediate online gambling ban.\n\nCasino Operations Offset Weak Sportsbook and B2B Performance\n\nBetsson reported an overall revenue increase to \u20ac326.5 million for the third quarter of 2026. This figure represents an upward shift from \u20ac295.8 million during the same period the previous year. Casino operations served as the primary growth engine for the group. The casino segment alone generated 77 percent of total revenue, marking an increase from 75 percent a year earlier.\n\nManagement expanded the gaming portfolio by adding 478 new casino games during the quarter. This expansion included 40 exclusive titles designed to attract and retain players. Sportsbook revenue saw a minimal increase of 0.8 percent to \u20ac71.8 million. Chief Executive Officer Pontus Lindwall attributed the flat sportsbook performance to a considerably lower margin compared to the second quarter.\n\nBusiness-to-business license revenue experienced a sharp decline during this reporting period. The B2B segment fell from \u20ac76.9 million to \u20ac46.7 million. A reduction in revenue generated from a single major customer was the primary driver of this decrease.\n\nHigher Taxation and Operational Expenses Compress Profitability\n\nThe record revenue figures did not translate into higher profits for the company. Gross profit fell by 5 percent to \u20ac181.1 million during the third quarter. The earnings before interest, taxes, depreciation, and amortization dropped 23 percent to \u20ac63.4 million. Net income saw the most significant decline, falling 44 percent to \u20ac28.2 million.\n\nThe earnings before interest and taxes margin narrowed from 22.6 percent down to 14.1 percent. Rising operational expenses directly caused this profitability gap. The cost of services escalated to \u20ac145.4 million from \u20ac106 million a year earlier. Higher gaming taxes and increased fees from payment providers were the main components of this cost increase.\n\nBetting duties alone surged from \u20ac41.4 million to \u20ac69.4 million. Marketing expenses also rose, reaching \u20ac41.6 million excluding affiliate and partner commissions. The company directed a substantial portion of this marketing budget toward Latin American operations. Revenue generated from locally regulated markets grew 35 percent to \u20ac253.8 million, which now represents 77.7 percent of the total group revenue.\n\nLatin America Surpasses CEECA as the Largest Revenue Region\n\nLatin America emerged as the largest regional market for the company, contributing 36 percent of total revenue. Revenue from this region hit a record \u20ac116.1 million. Argentina, Peru, and Colombia delivered strong performance metrics. High customer activity and marketing execution linked to the FIFA World Cup drove the growth in Peru and Argentina.\n\nThe Central and Eastern Europe and Central Asia region dropped to the second-largest market. Revenue in this territory fell 16.8 percent to \u20ac99.2 million, accounting for 30 percent of the group total. Lower B2B license revenue was the primary factor behind the weakness in this specific jurisdiction.\n\nWestern Europe established a new regional record with an increase of 13.8 percent to \u20ac64.8 million. Italy recorded its highest revenue to date, supporting the broader European growth. Operations in the Nordic region faced challenges as revenue fell 10 percent to \u20ac32.7 million.\n\nRecent Acquisitions Strengthen the North American Market Position\n\nRevenue from the rest of the world more than doubled to \u20ac13.7 million during the quarter. The acquisition of Rhino Entertainment and organic growth in Canada fueled this expansion. Betsson finalized the Rhino Entertainment deal in early August for a preliminary purchase price of \u20ac73.1 million.\n\nThe company booked \u20ac47.8 million of this transaction as goodwill in its interim report. The acquisition includes Canadian business-to-consumer operations in Ontario and other provinces. It also provides front-end and middleware technology that management expects to support future B2B licensing revenue. Rhino delivered a positive contribution to both revenue and earnings during its first quarter under new ownership.\n\nRegulatory Shifts Force Market Adjustments and Suspensions\n\nThe company implemented immediate changes in Brazil after the government issued an online gambling ban on September 25. The local subsidiary suspended all new registrations, halted deposits, and completely stopped advertising campaigns. This emergency measure requires congressional approval within 120 days to remain in permanent effect.\n\nThe quarterly report detailed several other compliance adjustments across international markets. Betsson confirmed its complete exit from the German market. Management also highlighted a proposed gambling tax increase in Lithuania and ongoing European Union discussions regarding a potential online gambling levy. Operations in Buenos Aires Province now face a new 2 percent tax on online instant-win winnings.\n\nIn the Belgian market, the company retired the betFIRST brand and replaced it with the core Betsson brand at the end of the quarter.\n\nFinancial Positioning Highlights Early Fourth Quarter Growth\n\nAverage daily revenue for the fourth quarter through October 18 trended 11 percent above the daily average of the same period in 2025. This increase stood at 9.4 percent when excluding currency effects and recent acquisitions. Sportsbook margins during these opening weeks remained well below the average recorded over the previous eight quarters.\n\nThe balance sheet showed \u20ac284.7 million in cash reserves at the end of September. This represents a decrease from the \u20ac394.2 million held a year earlier. Net debt was reported at negative \u20ac98.3 million.\n\nA revolving credit facility of \u20ac75 million signed in July remained completely undrawn at the close of the quarter. Overall revenue for the first nine months of 2026 rose 3 percent to \u20ac922.1 million. Net income for the year-to-date period dropped to \u20ac84.1 million during this time frame.\n\nOur Assessment\n\nThe third quarter of 2026 illustrates a clear separation between revenue growth and profitability for Betsson. Expanding casino operations and strong engagement in Latin America successfully pushed top-line revenue to new heights. Escaping the pressure of rising gaming taxes and payment processing costs remains a significant operational challenge.\n\nThe substantial drop in net income and the narrowing profit margin reflect the direct impact of these increased expenses. Compliance requirements and immediate regulatory interventions require swift adaptations. The recent operational suspensions in Brazil demonstrate how rapid legal shifts continue to shape the financial trajectory of the entire company.\n\n"},{"@type":"WebPage","@id":"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-q3-2026-revenue-profit-report\/","url":"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-q3-2026-revenue-profit-report\/","name":"Betsson Q3 2026 Financial Report: Revenue Hits Record High","isPartOf":{"@id":"https:\/\/www.kryptocasinos.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-q3-2026-revenue-profit-report\/#primaryimage"},"image":{"@id":"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-q3-2026-revenue-profit-report\/#primaryimage"},"thumbnailUrl":"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2026\/10\/betsson-q3-2026-revenue-profit-report.jpg","datePublished":"2026-10-26T09:09:26+01:00","description":"Betsson reports record Q3 2026 revenue of \u20ac326.5 million. 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Compare top Bitcoin gambling sites by payouts, bonuses, KYC, and supported coins, with hands-on testing.","address":{"@type":"PostalAddress","streetAddress":"557 Fuk Wing St","addressLocality":"Cheung Sha Wan","addressRegion":"HK","postalCode":"999077","addressCountry":"CN"},"contactPoint":{"@type":"ContactPoint","email":"contact@kryptocasinos.com"},"foundingDate":"2021-03-27","email":"hello@kryptocasinos.com","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"11","maxValue":"50"},"publishingPrinciples":"https:\/\/www.kryptocasinos.com\/en\/editorial-guidelines\/"},{"@type":"Person","@id":"https:\/\/www.kryptocasinos.com\/en\/#\/schema\/person\/badee6a5ed8b6777da5bd380d112bcdc","name":"Isabella Brown","description":"Isabella Brown is a Senior Editor and Crypto Gambling Analyst at KryptoCasinos.com. She has worked in iGaming since 2017, including three years analyzing industry news and trends at iGaming Business (iGB). She covers crypto gambling regulation, casino security, and market developments for US readers, and checks site content for accuracy before publication.","birthDate":"1995-02-13","url":"https:\/\/www.kryptocasinos.com\/en\/author\/isabella\/"}]}},"yoast_meta":{"_yoast_wpseo_primary_category":"","_yoast_wpseo_title":"Betsson Q3 2026 Financial Report: Revenue Hits Record High","_yoast_wpseo_metadesc":"Betsson reports record Q3 2026 revenue of \u20ac326.5 million. 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