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Betsson AB
(BETS.B)
Betsson AB (BETS.B) vs. iShares MSCI Sweden ETF (EWD)
Betsson AB Business Overview & Revenue Model
Betsson AB Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.22B | 1.11B | 948.20M | 777.20M | 657.70M |
| Gross Profit | 406.38M | 719.75M | 756.33M | 504.36M | 450.44M |
| EBITDA | 319.48M | 316.00M | 259.79M | 173.08M | 152.49M |
| Net Income | 180.62M | 181.30M | 177.30M | 119.60M | 106.40M |
Balance Sheet | |||||
| Total Assets | 1.32B | 1.37B | 1.20B | 1.02B | 897.20M |
| Cash, Cash Equivalents and Short-Term Investments | 321.58M | 308.50M | 237.10M | 168.30M | 95.60M |
| Total Debt | 198.81M | 186.20M | 184.20M | 115.00M | 117.10M |
| Total Liabilities | 432.39M | 509.50M | 440.90M | 370.90M | 328.40M |
| Stockholders Equity | 890.89M | 869.10M | 770.00M | 654.20M | 571.80M |
Cash Flow | |||||
| Free Cash Flow | 153.83M | 222.90M | 189.00M | 143.20M | 111.50M |
| Operating Cash Flow | 219.64M | 272.90M | 230.40M | 178.70M | 143.60M |
| Investing Cash Flow | -53.08M | -93.30M | -159.00M | -51.20M | -71.60M |
| Financing Cash Flow | -140.69M | -107.00M | 300.00K | -54.70M | -62.20M |
Betsson AB Technical Analysis
Betsson AB Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | kr12.89B | 6.47 | 23.20% | 5.03% | 11.84% | 12.09% | |
68 Neutral | kr6.93B | 24.28 | ― | ― | -7.81% | -8.76% | |
65 Neutral | $2.74B | 30.95 | 4.76% | ― | -5.16% | -48.79% | |
60 Neutral | kr175.94M | -0.98 | -19.82% | ― | -25.10% | 82.01% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
40 Underperform | kr76.61M | -0.13 | ― | ― | -47.47% | -524.00% | |
39 Underperform | kr180.37M | -0.47 | -74.31% | ― | 13.37% | 43.23% |
Betsson AB Corporate Events
Betsson AB reported full-year 2025 revenue of EUR 1.2 billion, up 8% with strong organic growth, but flat EBITDA and EBIT as higher gaming taxes and ongoing investments in product and technology weighed on margins. In the fourth quarter, group revenue dipped 1% to EUR 303.9 million and operating income fell 24%, reflecting lower B2B revenue – primarily from one major client – softer performance in the Nordics and CEECA, and rising personnel costs, even as B2C revenue, casino takings and active customers increased. The shift toward locally regulated markets pushed the regulated share of revenue to 68%, boosting tax costs but underscoring Betsson’s strategic positioning and compliance-driven growth model. Despite a sharp drop in quarterly operating cash flow, the balance sheet remains strong with net cash and an improved funding profile after the successful refinancing of a bond at the company’s lowest-ever credit spread. The board has proposed an ordinary dividend of EUR 0.66 per share and launched a EUR 40 million share buyback, signalling confidence in long-term prospects as Betsson prepares for growth initiatives in 2026, including expected betting demand from the upcoming FIFA World Cup.
The most recent analyst rating on ($SE:BETS.B) stock is a Hold with a SEK112.00 price target. To see the full list of analyst forecasts on Betsson AB stock, see the SE:BETS.B Stock Forecast page.
Betsson AB repurchased 164,000 of its own series B shares on Nasdaq Stockholm between 26 and 30 January 2026 as part of its ongoing share buyback programme of up to EUR 40 million running until 30 April 2026 under EU Safe Harbour rules. The latest transactions, executed via Arctic Securities, bring total buybacks under the programme to 1,612,180 shares and increase Betsson’s treasury holdings to nearly 3.0 million series B shares and 2.75 million series C shares, a move that tightens the free float and may support earnings per share and capital management flexibility for shareholders.
The most recent analyst rating on ($SE:BETS.B) stock is a Hold with a SEK113.00 price target. To see the full list of analyst forecasts on Betsson AB stock, see the SE:BETS.B Stock Forecast page.
Betsson AB has continued executing its ongoing share buyback programme, repurchasing 177,100 series B shares on Nasdaq Stockholm between 19 and 23 January 2026 for a total of approximately SEK 18.2 million at an average price of SEK 102.64 per share. The transactions, carried out by Arctic Securities on Betsson’s behalf under EU Safe Harbour rules, lift the total volume repurchased since the programme’s launch in October 2025 to 1,448,180 shares, tightening the company’s free float while increasing its treasury stock to 2,828,522 series B and 2,747,433 series C shares out of 142,729,838 shares outstanding, a capital allocation move that may enhance earnings per share and signal management’s confidence in the group’s prospects.
The most recent analyst rating on ($SE:BETS.B) stock is a Hold with a SEK113.00 price target. To see the full list of analyst forecasts on Betsson AB stock, see the SE:BETS.B Stock Forecast page.
Betsson AB will publish its report for the fourth quarter and full year 2025 on 5 February 2026 at 07:30 CET, followed by an English-language presentation and Q&A for analysts, investors and media at 09:00 CET hosted by CEO Pontus Lindwall and CFO Martin Öhman, accessible via webcast and teleconference. The scheduled disclosure and accompanying investor presentation underscore Betsson’s efforts to maintain transparent communication with the capital market and key stakeholders as it pursues continued profitable growth in the competitive global online gaming sector.
The most recent analyst rating on ($SE:BETS.B) stock is a Hold with a SEK115.00 price target. To see the full list of analyst forecasts on Betsson AB stock, see the SE:BETS.B Stock Forecast page.
Betsson AB has continued to execute its ongoing share buyback programme, repurchasing 140,100 series B shares on Nasdaq Stockholm between 12 and 16 January 2026 for a total of about SEK 18.2 million at a weighted average price of SEK 129.70. The transactions, carried out by Arctic Securities on Betsson’s behalf under EU Safe Harbour rules, bring total repurchases under the current EUR 40 million programme to 1,271,080 series B shares and increase the company’s treasury stock to 2,651,422 series B shares and 2,747,433 series C shares out of 142.7 million shares outstanding, signalling continued capital returns to shareholders and active balance sheet management.
The most recent analyst rating on ($SE:BETS.B) stock is a Hold with a SEK115.00 price target. To see the full list of analyst forecasts on Betsson AB stock, see the SE:BETS.B Stock Forecast page.
Betsson AB expects fourth-quarter 2025 revenue of EUR 304 million, slightly down from a year earlier, with operating income dropping more sharply to EUR 53 million as a shift toward locally regulated markets, lower sportsbook and B2B license contributions compressed margins. While revenue grew in Western Europe and Latin America and active customer numbers increased, weaker performance in the Nordics and the CEECA region, higher gaming taxes from a record 68% share of revenue in regulated markets, and rising personnel costs from continued product and technology investments all weighed on profitability, though management signals confidence for 2026 as early first-quarter revenues edge higher and major sporting events approach.
The most recent analyst rating on ($SE:BETS.B) stock is a Buy with a SEK159.00 price target. To see the full list of analyst forecasts on Betsson AB stock, see the SE:BETS.B Stock Forecast page.
Betsson AB has continued to execute its ongoing share buyback programme, repurchasing 107,100 series B shares on Nasdaq Stockholm between 5 and 9 January 2026 for a total of approximately SEK 14.6 million. These latest transactions, carried out by Arctic Securities on Betsson’s behalf under the EU’s Safe Harbour rules, bring the total repurchases under the programme to 1,130,980 shares at a cumulative cost of about SEK 162 million, and leave the company holding 2,511,322 series B and 2,747,433 series C own shares out of a total 142.7 million shares outstanding, underscoring ongoing capital management efforts that may support earnings per share and signal confidence in the company’s valuation.
The most recent analyst rating on ($SE:BETS.B) stock is a Buy with a SEK159.00 price target. To see the full list of analyst forecasts on Betsson AB stock, see the SE:BETS.B Stock Forecast page.
Betsson AB has published a prospectus for its recently issued EUR 75 million senior unsecured bonds and has applied to list them on the corporate bond list of Nasdaq Stockholm. The four-year floating-rate bonds, issued under a EUR 250 million framework in December 2025, have received approval from the Swedish Financial Supervisory Authority for listing, with trading expected to commence around 13 January 2026, a move that broadens Betsson’s access to the capital markets and may support its continued growth ambitions in the online gaming sector.
The most recent analyst rating on ($SE:BETS.B) stock is a Buy with a SEK157.00 price target. To see the full list of analyst forecasts on Betsson AB stock, see the SE:BETS.B Stock Forecast page.
Betsson AB has continued to execute on its ongoing share buyback programme, repurchasing 124,200 series B shares between 22 December 2025 and 2 January 2026 for a total of approximately SEK 18.1 million. The buybacks, conducted on Nasdaq Stockholm by Arctic Securities on Betsson’s behalf, form part of the company’s EUR 40 million programme running until 30 April 2026 under EU Safe Harbour rules; following these transactions, Betsson holds 2,404,222 of its own series B shares and 2,747,433 series C shares out of a total 142.7 million shares, a capital-allocation move that can support earnings per share and signal confidence to investors without altering the overall share count materially at this stage.
The most recent analyst rating on ($SE:BETS.B) stock is a Buy with a SEK157.00 price target. To see the full list of analyst forecasts on Betsson AB stock, see the SE:BETS.B Stock Forecast page.
Betsson AB has continued to execute its ongoing share buyback programme, repurchasing 125,100 series B shares on Nasdaq Stockholm between 15 and 19 December 2025 for a total consideration of approximately SEK 18.2 million. The transactions, carried out by Arctic Securities on Betsson’s behalf under the EU Safe Harbour rules, bring total repurchases under the current programme to 899,680 shares and leave the company holding 2,280,022 own series B shares and 2,747,433 series C shares out of 142.7 million shares outstanding, underscoring an active capital management strategy that may support shareholder value and earnings per share over time.
The most recent analyst rating on ($SE:BETS.B) stock is a Buy with a SEK157.00 price target. To see the full list of analyst forecasts on Betsson AB stock, see the SE:BETS.B Stock Forecast page.
Betsson AB has repurchased 126,400 of its own series B shares as part of a share buyback program worth up to EUR 40 million, running from October 2025 to April 2026. This initiative is in line with EU regulations and aims to strengthen Betsson’s market position, reflecting a strategic move to enhance shareholder value.
The most recent analyst rating on ($SE:BETS.B) stock is a Buy with a SEK157.00 price target. To see the full list of analyst forecasts on Betsson AB stock, see the SE:BETS.B Stock Forecast page.
Betsson AB announced the repurchase of 125,000 series B shares as part of its ongoing share buyback program, which aims to repurchase shares up to EUR 40 million by April 2026. This strategic move is expected to enhance shareholder value and reflects Betsson’s commitment to maintaining a strong market position and financial health.
The most recent analyst rating on ($SE:BETS.B) stock is a Buy with a SEK157.00 price target. To see the full list of analyst forecasts on Betsson AB stock, see the SE:BETS.B Stock Forecast page.
Betsson AB has repurchased 127,100 series B shares as part of its share buyback program, which runs from October 2025 to April 2026. The program, aimed at repurchasing up to EUR 40 million worth of shares, is conducted under EU regulations and reflects Betsson’s strategic financial management to enhance shareholder value.
The most recent analyst rating on ($SE:BETS.B) stock is a Buy with a SEK157.00 price target. To see the full list of analyst forecasts on Betsson AB stock, see the SE:BETS.B Stock Forecast page.
Betsson AB has repurchased 129,400 of its own series B shares as part of a share buyback program initiated by its Board of Directors, aiming to buy back up to EUR 40 million worth of shares. This move, conducted in compliance with EU regulations, reflects Betsson’s strategic financial management and could potentially enhance shareholder value by reducing the number of outstanding shares.
The most recent analyst rating on ($SE:BETS.B) stock is a Buy with a SEK157.00 price target. To see the full list of analyst forecasts on Betsson AB stock, see the SE:BETS.B Stock Forecast page.
Betsson AB has successfully issued new senior unsecured bonds worth EUR 75 million, which were significantly oversubscribed, indicating strong investor confidence. The company also announced a tender offer and early redemption plan for its existing bonds, which will be fully redeemed and de-listed from Nasdaq Stockholm, reflecting a strategic financial restructuring.
The most recent analyst rating on ($SE:BETS.B) stock is a Buy with a SEK157.00 price target. To see the full list of analyst forecasts on Betsson AB stock, see the SE:BETS.B Stock Forecast page.
The Nomination Committee of Betsson AB has proposed the re-election of all current board members for the upcoming Annual General Meeting scheduled for May 7, 2026. This decision reflects a commitment to maintaining continuity in leadership, which could positively impact the company’s strategic direction and stakeholder confidence.
The most recent analyst rating on ($SE:BETS.B) stock is a Buy with a SEK157.00 price target. To see the full list of analyst forecasts on Betsson AB stock, see the SE:BETS.B Stock Forecast page.
Betsson AB is considering issuing new senior unsecured bonds worth EUR 75 million to refinance existing bonds and support general corporate purposes, including acquisitions. The company has announced a conditional tender offer for its existing bonds due in 2026, with plans for early redemption if the new bond issuance is successful, potentially impacting its financial strategy and stakeholder interests.
The most recent analyst rating on ($SE:BETS.B) stock is a Buy with a SEK157.00 price target. To see the full list of analyst forecasts on Betsson AB stock, see the SE:BETS.B Stock Forecast page.
Betsson AB has repurchased 117,350 of its own series B shares as part of a share buyback program initiated to the tune of EUR 40 million. This strategic move, conducted in compliance with EU regulations, is aimed at enhancing shareholder value and reflects Betsson’s robust financial strategy and commitment to its stakeholders.
The most recent analyst rating on ($SE:BETS.B) stock is a Hold with a SEK158.00 price target. To see the full list of analyst forecasts on Betsson AB stock, see the SE:BETS.B Stock Forecast page.