TLDR Betsson posted Q1 2026 total revenues of €285.3 million, with a slight decline from the previous quarter due to a 4% drop in casino revenue Latin America revenues hit €95 million, up 25% year-over-year, now accounting for nearly one-third of total company revenue CEO Pontus Lindwall called Latin America a major growth driver, citing low online gaming penetration and structural growth ahead in Argentina The company is preparing for the 2026 FIFA World Cup with increased marketing and a technology development freeze to prevent risks B2B segment performance declined, weighing on overall profitability, though Lindwall said the unit has now stabilized
Swedish online gambling operator Betsson released its first quarter 2026 financial results on April 29, showing a mixed picture. Total revenues came in at €285.3 million, slightly below the previous quarter.
The dip was largely tied to a 4% decline in casino revenue. Sportsbook revenue managed a small year-over-year gain of 1%.
The operating margin improved to 8.4% during the quarter. However, the company’s B2B segment continued to underperform.
Latin America Emerges as Betsson’s Growth Engine
The standout story in the report was Latin America. The region delivered €95 million in revenue, a 25% increase compared to the same period last year.
That makes Latin America nearly one-third of Betsson’s total revenue. The region is now closing in on the company’s traditional strongholds in Central and Eastern Europe and Central Asia.
CEO Pontus Lindwall pointed to the region’s early stage of development as a reason for optimism. He said online gaming penetration in Latin America is still low compared to Europe.
“There is structural growth ahead, especially in Argentina,” Lindwall said. He added that Betsson holds the number one position in Argentina with a strong brand and proven technology.
The company’s strategy in the region