BUSINESS

Mobile revenue boosts Betsson AB Q3 result

TAGs: Betsson, Betsson AB

mobile-revenue-drives-betsson-ab-q3-resultNordic online gambling operator Betsson AB has continued its strong 2015 momentum, posting growth on all key metrics.

According to interim resultS for the three months ending September 30, Betsson’s operating income saw a 26% gain to SEK 260 million.

The company’s revenue amounted to SEK 973 million, up 24% from the same period a year ago, the highest quarterly revenue figure ever reported.

Customer deposits in all of Betsson’s gaming solutions jumped 18% to SEK 3.2 billion while gross turnover in the sportsbook grew 36% to SEK 5.5 billion. Mobile revenue, which constituted 34% of the quarter’s total revenue, amounted to SEK 326.1 million, an increase of 85%.

With a strong Q3 performance, Betsson is positive of hitting 2015 targets as the operator saw year-to-date revenue gains of SEK 2.7 billion, up 21% on 2014’s SEK 2.2 billion.

Betsson also detailed that its Europe-wide business strategy was paying dividends to its corporate growth. During the period, the operator completed its $85m acquisition of Georgia-licensed betting operator Europe-Bet, which had a positive impact on corporate metrics, as Betsson looks to develop the brand’s product offering and customer services.

“By continuously analyzing a huge amount of data about Internet use and what is relevant for customers, Betsson is able to develop more individually designed experiences,” said Betsson CEO Pontus Lindwall. “This has contributed to the Casino operations post organic growth of 19 per cent, meanwhile the product category grew 9% in the highly competitive Nordic market. Advancements in how to handle big volumes of data are crucial for the company’s sustainable, profitable growth,”

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