- Betsson reported a third-quarter revenue of €280.1 million, surpassing the estimated €274 million.
- The sportsbook margin increased by 7.4%.
- The company experienced a significant organic revenue growth of 51%.
- The number of active clients reached 1.36 million.
- Operating profit was recorded at €64.5 million, slightly higher than the estimated €63.8 million.
- Pretax profit stood at €56.6 million, falling short of the estimated €59.7 million.
- Analyst recommendations include 3 buys, 1 hold, and 0 sells.
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A look at Betsson Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Betsson has a positive long-term outlook. The company scores well in growth, resilience, and momentum, with ratings of 4 in each category. This indicates that Betsson is well positioned for future expansion, is able to withstand market challenges, and has strong momentum in its operations. While the dividend score is lower at 1, indicating a weaker performance in this area, the overall outlook remains positive due to the strengths in growth, resilience, and momentum.
Betsson AB, a gaming company primarily engaged in online gaming operations and the development, marketing, and sale of Internet gaming systems, demonstrates strong potential for growth and resilience in the market. With solid ratings in growth, resilience, and momentum, Betsson is positioned to capitalize on opportunities for expansion and navigate through market fluctuations. While the dividend score is lower, the company’s overall outlook remains optimistic, making it a company to watch for potential long-term investment opportunities.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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