Lauding a return to organic growth in the Nordics, with new ‘pay and play’ brand Jalla Casino which launched in Sweden in April drawing particular praise, revenue for the quarter came in at SEK 1.67bn, a 31% increase year-on-year, with growth reported across all regions.
Mobile revenue represented 76% of total revenue. Casino revenue rose 39%, while sportsbook revenue increased 12% in the period.
“Betsson presented another strong result in the third quarter. The last two quarters have been defined by extraordinary challenges for everyone. Despite this, Betsson has both expanded into new markets and developed new products and features,” explained Pontus Lindwall, president and CEO of Betsson.
“The positive development is partly attributable to the increased demand for digital entertainment through the pandemic. The online gambling industry has more clearly than ever demonstrated its resilience to market fluctuations during the pandemic when compared to many other sectors. Betsson has a unique position in being more resilient than the sector average due to the Company's diversified product and brand portfolio, global footprint and strong finances,” Lindwall added.
“Sporting events were finally back on the agenda in the quarter and, together with robust performance in casino, contributed to setting record revenue levels for the second consecutive quarter. It is pleasing to see that a large part of the customers who have discovered the attraction of online gambling during the lockdown and have continued gambling on digital devices even though many land-based casinos have opened again. This highlights that our ongoing delivery of our ambition of creating the best user experiences through new functions, new design, higher speed and a broader offering leads to the retention of both existing and new customers,” he also commented.
“Betsson has a strong financial position, a diversified portfolio with a global footprint, strong brands with local expertise, flexible and scalable proprietary technology, along with highly dedicated and talented teams. I look forward, with confidence, to the future of both B2C and Betsson's ambitions in B2B as a sportsbook supplier," Lindwall concluded.
Source: GMB
