Betsson Group’s casino revenue drops in Q2; but sportsbook grew 125%

Betsson

Betsson Group has released its interim report for Q2 2021, revealing that group revenue increased by 14% and organic revenue increased by 24%.

Betsson’s revenue from April to June was SEK 1.75 billion ($202 million). Operating income (EBIT) increased by 76% to SEK 383.4 million, with a 21.9 percent EBIT margin.

While sportsbook revenue increased by 125%, casino revenue fell by 5%, the only area in which the operator saw a decrease. Net income was SEK 337.9 million, and shareholders approved dividends of SEK 3.68 per share at an annual general meeting. Operating cash flow also increased by 25% to SEK 570.7 million as active customers increased by 25%.

Furthermore, during the second quarter, the group acquired a 50% stake in JDP Tech and a 35% stake in Strive Platform.

Categories:

Tags:

Share:

Facebook
Twitter
LinkedIn
Email
Nassima Azmzm

Nassima Azmzm

Leave a Comment

0 responses on "Betsson Group’s casino revenue drops in Q2; but sportsbook grew 125%"

Leave a Message



Qasiknow.com is born out of the necessity of sharing information and knowledge with everyone in the gaming industry who is interested in learning, growing, discovering different points of view and ways of doing things.

Upcoming Events

top
Copyright ©️ Qasiknow.com | All rights reserved.
X