CEO Lindwall added that the company’s strategic investments in key regions were instrumental in achieving a stable financial position and engaging a global community of fans
Betsson Group has published its results for Q4 and FY 2024, reporting significant business progress amid favorable financial metrics. According to CEO Pontus Lindwall, the company ended its best year even on a very strong note.
A Strong End to Betsson’s Best Year
In the three-month period ended December 31, Betsson reported a group revenue of EUR 306.8 million ($317.9 million), up 22% year-on-year. It added that 48% of this increase was organic. The company’s casino business experienced a steady 17% growth, while sports betting revenue skyrocketed by 36% at a 9.8% margin.
EBITDA, on the other hand, reached EUR 96.4 million ($99.9 million), up 20% YOY. EBITDA margin, meanwhile, was 28.2%. Additionally, Betsson reported an operating income of EUR 70.2 million ($72.7 million) for Q4, up 23% YOY, with a margin of 22.9%.
Net income was EUR 53.1 million ($55 million) and earnings per share was EUR 0.38 ($0.39). Operating cash flow, meanwhile, stood at EUR 84.6 million ($87.7 million).
A Record Year for the Business
Betsson also reported its results for the full year, saying that group revenue reached EUR 1.1 billion ($1.14 billion) for the period, marking an increase of 17% and an organic increase of 41%. EBITDA for the same period was EUR 316 million ($327.4 million), up 20% YOY, with an EBITDA margin of 28.6%.
Operating income stood at EUR 256.7 million ($266 million), an increase of 22%. The EBIT margin, on the other hand, was 23.2%.
Net income for FY 2024 reached EUR 183.7 million ($190.3 million). The company also recorded earnings per share of EUR 1.32 ($1.37). Betsson added that the operating cash flow for the year was EUR 272.9 million ($282.8 million).
Betsson said that it ended the year with a net debt of EUR -139.8 million (-$144.8 million). Its total number of active customers remained stable at 1.3 million.
The board of directors used the opportunity to propose an ordinary dividend of EUR 0.657 ($0.68) per share and a special dividend of EUR 0.10 ($0.10) per share.
CEO Lindwall Praised the Results
CEO Pontus Lindwall lauded the strong financials that position Betsson as a gaming leader.
As we put 2024 behind us, we can conclude that it was the best year ever for Betsson, where we continued to strengthen our position as one of the global leaders in gaming and betting. The year was characterized by high growth, strengthened profitability and strategic investments in line with our long-term goals and our vision to offer the best gaming experience in the industry.
Pontus Lindwall, CEO, Betsson
Lindwall added that the company’s strategic investments in key regions were instrumental in achieving a stable financial position and engaging a global community of fans.
Lindwall applauded the hard work of all Betsson employees who made the 2024 achievements possible. He also expressed optimism about Betsson’s continued growth journey in 2025.
