Betsson posts record Q3 revenue of $365.7 million but taxes weigh on profits

Betsson AB reported a 23% decline in third-quarter EBITDA despite record revenue, as higher gaming taxes, reduced B2B licensing income, and rising operating expenses weighed on profitability. EBITDA fell to €63.4 million ($71 million) from €82.5 million, narrowing the margin from 27.9% to 19.4%. Op