contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  createdAt
  changedAt
  isPremium
  authors {
    __typename
    name
    pageUrl
    id
  }
  companies {
    name
    id
  }
  tags {
    name
    id
  }
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


betsson-ab-publishes-the-annual-report-for-2025

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

changedAt

Betsson operates in the gaming industry and focuses on operating online gaming platforms for sports betting, casino and slot machines. The company's services are aimed at players looking for entertainment and gaming experiences. The business is global with a main presence in Europe, North America and Latin America. Betsson was founded in 1963 and is headquartered in Stockholm.

Was it worth buying this on an Equity Savings Account (OST) with the redemption share scheme, or will there be double taxation there as well?

The results were exactly in line with the forecasts I found with a quick Google search. Expectations were revenue of 304m and EBIT of 53m. Edit. No wonder, as there was already a preliminary announcement about this                    Inderes              Betsson AB year-end report 1 January - 31 December 2025 - Inderes    QUARTER OCTOBER - DECEMBER 2025 Group revenue was EUR 303.9 (306.8) million, a decrease of 1%. Organic increase of 5%. Casino revenue increased by 3%. Sportsbook revenue decreased by 9% and ...

Now that the operating profit is dropping by about 25% from a year ago, can we still consider Betsson to be at P/E 7? Even though the share price came down over 20%, the valuation might have even risen if one believes that this weakness will continue in the same way through 2026. I don’t personally believe this, but it wouldn’t surprise me if the weakness continued for maybe one more quarter. After all, there will be more employees in 3 months compared to a year ago, and they’ll likely be investing more than before. Will the operating profit remain sluggish until the football World Cup arrives? Trump’s antics could negatively affect Betsson if the risks materialize, as there has already been talk of boycotts. If countries actually dropped out of the tournament, the World Cup could become a total flop and less betting would also take place. However, in my eyes, Betsson is starting to look like a quite attractive choice. I might even pick up some shares if the nosedive continues at the start of the week.

I only just started looking into the company after yesterday’s profit warning crash and was surprised by the small share of the Nordics (12%) in the company’s revenue (Q3/25). If Finland represents, for example, 20-25% of that share, then I don’t believe very significant changes to the entire company’s revenue or profit will come from there. The Nordic region’s impact on the firm’s revenue has actually collapsed in a few years, as the share of revenue in Q4/23 and Q1/24 was still in the 18-19% range. Growth currently seems to be coming from Western Europe and Latin America. And the same trend has continued in Q4/25. Significant costs seemed to have appeared through acquisitions, including on the increased personnel cost side. In the Q3 report, the number of personnel was 2,800, while a year earlier the figure was 2,350. At the end of Q3 it was 2,900, compared to 2,450 a year earlier. One could imagine that if the profit level permanently drops, redundant roles will be pruned. According to yesterday’s warning, the impact was approximately €7M in Q4. Another part of the weakened result comes from an increase in taxes of about €10M, which according to the company is due to a record (68%) share of regulated markets. I personally treat this as a normal business expense that one just has to deal with. It was a bit surprising while browsing the Q3 report that the company has two bonds that, by any measure, are not very cheap: Euribor 3m + 4.6% (€71M 9/26 maturity) and Euribor 3m + 3.25% (€99M 9/27 maturity). When there was 394 million euros in cash, keeping such financing costs feels strange. I wonder if money is generally more expensive than “normal” in this industry? A new €75M bond is being issued at Euribor 3m + 2.75%, so financing costs will likely decrease slightly as the most expensive bond is replaced by a cheaper one. The Inderes company page now shows a P/E of 7.03. Compared to historical valuation multiples, it’s not particularly cheap, but compared to the surrounding market, it’s starting to feel safe. I tried to browse competitors as well, but didn’t find anything similar from other firms. Why have such low multiples been assigned to Betsson? In addition to the abundant dividend stream, there also appear to be €40M in share buybacks underway to develop the capital structure. Isn’t cancellation (of shares) also capital structure development? Has Betsson had a habit of canceling these in the past? This is just written out as initial reflection in a stream of consciousness style, to see if I should bother getting to know the company more closely. Tagged as a reply because of the first paragraph. Questions aimed at the wider group, if there are any forum members here who have followed the company for a longer time.

A fairly sharp drop in earnings: EBIT fell from €70m to €53m. There are several explanatory factors. The most concerning of these is, of course, the pure decline in profit as revenue increasingly consists of regulated business, which has a clearly weaker margin due to taxation.  At the same time, however, it was reported that revenue for the beginning of the year was one percent higher than last year, which is a good situation since last year’s first-quarter revenue was at a solid level.  The machine is still churning out cash, but earnings growth might be tight this year.

I had to sell the rest of my remaining Bittium shares to load up on more of this. My old position hadn’t slumped into the red; it was “only” +70% anymore, but this valuation is once again completely ridiculous for a company that practically prints money. You definitely have to be patient with this one—the current +70% was around +240% at one point. Let’s see if someone tries to smoke Pontus out again soon, presumably with the same “great” results as last time.

It doesn’t look like it. However, it seems that my own patience with this stock is running out, even though good dividends have been paid and I’m still well in profit.  If I look past this summer’s football World Cup and see what kind of results it brings, then it may be that my journey with Betsson comes to an end and only a customer relationship remains.

Betsson

Betsson AB's annual report for the fiscal year 2025 is now available on the company's website at www.betssonab.com. The printed publication of the annual report can be ordered at ir@betssonab...

Betsson AB's annual report for the fiscal year 2025 is now available on the company's website at <a href="http://www.betssonab.com">www.betssonab.com</a>. &nbsp;The printed publication of the annual report can be ordered at <a href="mailto:ir@betssonab.com">ir@betssonab.com</a>.&nbsp;For further information, please contact: Martin Öhman, CFO Betsson AB +46 (0)8 506 403 00, <a href="mailto:ir@betssonab.com">martin.ohman@betssonab.com</a> Roland Glasfors, Vice President Communications &amp; Investor Relations, Betsson AB+46 760 024863, <a href="mailto:ir@betssonab.com">ir@betssonab.com</a>&nbsp; This information is information that Betsson AB (publ) is obliged to make public pursuant to the Securities Markets Act (Sw. lagen (2007:528) om värdepappersmarknaden). The information was submitted for publication, through the agency of the contact person set out above,&nbsp;on 1 April 2026, 10.00&nbsp;CEST. &nbsp;About Betsson AB Betsson AB is an engaged owner of fast-growing companies in the online gaming industry. We are one of the largest online gaming groups worldwide and have the ambition to grow faster than the market, organically and through acquisitions. Growth should be generated in a profitable and sustainable manner. Betsson AB is listed on Nasdaq Stockholm Large Cap (BETS-B).<div></div>