Betsson's Third Quarter Financials Grow

Internet betting firm Betsson has released their third quarter 2015 financial results, noting that the company has experienced growth in nearly all areas when compared to the same period last year.

Key financial indicators for the third quarter ending September 30th, 2015 were:

  • Revenues up 24% when compared to the same period last year at SEK 972.9 million

  • Operating income up 26% to SEK 260.2 million

  • Operating margin up 26.8%

  • Income before tax at SEK 262.9 million with net income of SEK 247 million

  • Customer deposits up 18% TO SEK 3,237.7 million

  • Sportsbook turnover of SEK 5,506.1 million, up 36%

  • Mobile revenues up 85% to SEK 5,506.1 million

Commenting on his company's results Betsson President and CEO Pontus Lindwall said, "By continuously analysing a huge amount of data about Internet use and what is relevant for customers, Betsson is able to develop more individually designed experiences. This has contributed to the Casino operations posting organic growth of 19 percent, whilst the product category grew 9 percent 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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