You can find that quickly on Google and easily on Nordnet, but to make it easier:
https://www.marketscreener.com/quote/stock/BETSSON-B-58602255/consensus/
In my opinion, it updates quite quickly, at least on the screener.
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Profit warning from Betsson. Q4 revenue 304m while FactSetâs consensus estimate was 318.4m (source X). Apparently, it wasnât priced in yet, as itâs -13% at the time of writing 
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I had to triple down on a losing position. At these EBIT multiples, cheap is getting even cheaper, and I donât really believe that gambling is going out of style just yet.
Referring to the previous commenter as well, look at that comparison period (âŹ307m) and the âŹ304m reported now. A year ago, with roughly the same result, the stock was 20% higher than it is now. This really hurts.
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Thereâs some good discussion here about the Betsson stock. I used to own Betsson a while back, but when Sweden transitioned to a licensed market, Betssonâs earnings began to decline (even though management had spoken positively about the licensing market beforehand). Does anyone remember those times in more detail, and have you considered what will happen when Finland faces the same transition ahead?
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It doesnât look like it. However, it seems that my own patience with this stock is running out, even though good dividends have been paid and Iâm still well in profit.
If I look past this summerâs football World Cup and see what kind of results it brings, then it may be that my journey with Betsson comes to an end and only a customer relationship remains.
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I had to sell the rest of my remaining Bittium shares to load up on more of this. My old position hadnât slumped into the red; it was âonlyâ +70% anymore, but this valuation is once again completely ridiculous for a company that practically prints money. You definitely have to be patient with this oneâthe current +70% was around +240% at one point.
Letâs see if someone tries to smoke Pontus out again soon, presumably with the same âgreatâ results as last time.
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A fairly sharp drop in earnings: EBIT fell from âŹ70m to âŹ53m. There are several explanatory factors. The most concerning of these is, of course, the pure decline in profit as revenue increasingly consists of regulated business, which has a clearly weaker margin due to taxation.
At the same time, however, it was reported that revenue for the beginning of the year was one percent higher than last year, which is a good situation since last yearâs first-quarter revenue was at a solid level.
The machine is still churning out cash, but earnings growth might be tight this year.
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I only just started looking into the company after yesterdayâs profit warning crash and was surprised by the small share of the Nordics (12%) in the companyâs revenue (Q3/25). If Finland represents, for example, 20-25% of that share, then I donât believe very significant changes to the entire companyâs revenue or profit will come from there.
The Nordic regionâs impact on the firmâs revenue has actually collapsed in a few years, as the share of revenue in Q4/23 and Q1/24 was still in the 18-19% range. Growth currently seems to be coming from Western Europe and Latin America. And the same trend has continued in Q4/25.
Significant costs seemed to have appeared through acquisitions, including on the increased personnel cost side. In the Q3 report, the number of personnel was 2,800, while a year earlier the figure was 2,350. At the end of Q3 it was 2,900, compared to 2,450 a year earlier. One could imagine that if the profit level permanently drops, redundant roles will be pruned. According to yesterdayâs warning, the impact was approximately âŹ7M in Q4.
Another part of the weakened result comes from an increase in taxes of about âŹ10M, which according to the company is due to a record (68%) share of regulated markets. I personally treat this as a normal business expense that one just has to deal with.
It was a bit surprising while browsing the Q3 report that the company has two bonds that, by any measure, are not very cheap: Euribor 3m + 4.6% (âŹ71M 9/26 maturity) and Euribor 3m + 3.25% (âŹ99M 9/27 maturity). When there was 394 million euros in cash, keeping such financing costs feels strange. I wonder if money is generally more expensive than ânormalâ in this industry? A new âŹ75M bond is being issued at Euribor 3m + 2.75%, so financing costs will likely decrease slightly as the most expensive bond is replaced by a cheaper one.
The Inderes company page now shows a P/E of 7.03. Compared to historical valuation multiples, itâs not particularly cheap, but compared to the surrounding market, itâs starting to feel safe. I tried to browse competitors as well, but didnât find anything similar from other firms. Why have such low multiples been assigned to Betsson?
In addition to the abundant dividend stream, there also appear to be âŹ40M in share buybacks underway to develop the capital structure. Isnât cancellation (of shares) also capital structure development? Has Betsson had a habit of canceling these in the past?
This is just written out as initial reflection in a stream of consciousness style, to see if I should bother getting to know the company more closely. Tagged as a reply because of the first paragraph. Questions aimed at the wider group, if there are any forum members here who have followed the company for a longer time.
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Now that the operating profit is dropping by about 25% from a year ago, can we still consider Betsson to be at P/E 7? Even though the share price came down over 20%, the valuation might have even risen if one believes that this weakness will continue in the same way through 2026. I donât personally believe this, but it wouldnât surprise me if the weakness continued for maybe one more quarter. After all, there will be more employees in 3 months compared to a year ago, and theyâll likely be investing more than before. Will the operating profit remain sluggish until the football World Cup arrives? Trumpâs antics could negatively affect Betsson if the risks materialize, as there has already been talk of boycotts. If countries actually dropped out of the tournament, the World Cup could become a total flop and less betting would also take place.
However, in my eyes, Betsson is starting to look like a quite attractive choice. I might even pick up some shares if the nosedive continues at the start of the week.
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The results were exactly in line with the forecasts I found with a quick Google search. Expectations were revenue of 304m and EBIT of 53m.
Edit. No wonder, as there was already a preliminary announcement about this
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Was it worth buying this on an Equity Savings Account (OST) with the redemption share scheme, or will there be double taxation there as well?
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