{"id":211,"date":"2024-06-18T23:49:31","date_gmt":"2024-06-18T20:49:31","guid":{"rendered":"https:\/\/7bitnodepositbonus.icu\/2024\/06\/18\/betsson-posts-record-q3-earnings-fueled-by-sports-betting-surge\/"},"modified":"2024-06-20T17:02:50","modified_gmt":"2024-06-20T14:02:50","slug":"betsson-posts-record-q3-earnings-fueled-by-sports-betting-surge","status":"publish","type":"post","link":"https:\/\/7bitnodepositbonus.icu\/2024\/06\/18\/betsson-posts-record-q3-earnings-fueled-by-sports-betting-surge\/","title":{"rendered":"Betsson Posts Record Q3 Earnings Fueled by Sports Betting Surge"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/5WELZtV4Qw8\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>A top online gambling firm, Betsson, announced unprecedented earnings for the third quarter, hitting \u20ac200.3 million (equivalent to $199.6 million USD). This signifies an 18% increase compared to the corresponding period last year, and even more notably, a 35% surge in inherent expansion.<\/p>\n<p>Although their established casino games experienced steady growth at 8%, it was the sports wagering division that genuinely fueled Betsson&#8217;s triumphs this quarter.  Sports betting income soared by an astounding 45%, showcasing a robust 8.4% profit margin.<\/p>\n<p>This achievement resulted in a 21% rise in operational earnings, reaching \u20ac38.4 million, with a net income of \u20ac32.6 million.  Furthering the positive developments, Betsson&#8217;s operational cash flow hit \u20ac38.5 million, and their active user base grew by 7%, surpassing 1,056,400 individuals.<\/p>\n<p>Pontus Lindwall, Chief Executive Officer of Betsson AB, proudly declared, &#8220;We witnessed sustained positive momentum throughout the third quarter, with robust expansion and profitability for the Group overall. Betsson&#8217;s revenue and operational profit achieved historical peaks, propelled by strong progress in both sports wagering and casino.&#8221;<\/p>\n<p>A primary catalyst for this 35% inherent expansion was the outstanding performance in areas such as Latin America, Central &#038; Eastern Europe and Central Asia (CEECA).<\/p>\n<p>Lindwall elaborated, &#8220;An additional factor contributing to the quarter&#8217;s growth was the elevated sportsbook turnover, partially attributed to the European football leagues commencing earlier in August in anticipation of the FIFA World Cup in November-December. I am particularly satisfied with the high overall growth considering we haven&#8217;t yet witnessed any revenue from the Netherlands, where our license request is still under review.&#8221; <\/p>\n<p>Behold, we possess significant enthusiasm for the remaining Q4 developments, particularly the World Cup &#8211; it&#8217;s on track to become the most significant occasion in Betsson&#8217;s history,&#8221; the Chief Executive Officer added.<\/p>\n<p>Lindwall will engage in a discussion with Gambling Insider later today for an exclusive dialogue to further explore the outcomes. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A top online gambling firm, Betsson, announced unprecedented earnings for the third quarter, hitting \u20ac200.3 million (equivalent to $199.6 million USD). This signifies an 18% increase compared to the corresponding period last year, and even more notably, a 35% surge in inherent expansion. Although their established casino games experienced steady growth at 8%, it was [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Betsson Soars: Q3 Earnings Skyrocket on Sports Betting Surge!<\/title>\n<meta name=\"description\" content=\"Betsson smashes earnings records with a staggering \u20ac200.3 million Q3 revenue! 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