Despite Q2 headwinds and operational slowdowns, Betsson remains resilient, with strong margins and robust cash generation supporting my bullish outlook. The stock offers nearly 40% upside to my $25 price target, plus a 4%+ dividend yield—well above the industry average and backed by healthy FCF. The valuation is compelling: Betsson trades at a deep discount to peers on P/E and EV/EBITDA, with room for further dividend growth and special payouts.
Betsson AB (publ) (OTCPK:BTSBF) Q2 2025 Earnings Conference Call July 18, 2025 3:00 PM ET Company Participants Martin Ohman - Chief Financial Officer Pontus Lindwall - CEO, President & Executive Director Conference Call Participants Georg Attling - Pareto Securities AS, Research Division Martin Arnell - DNB Carnegie, Research Division Pontus Lindwall Good morning, everyone, and welcome to Betsson's presentation of the Second Quarter 2025. I'm Pontus Lindwall, the President and CEO of Betsson.
Betsson is an undervalued gem in the online gaming market, showing stable growth and disciplined management, unlike its competitors. Q1 2025 was a home-run with 18% revenue growth and 17% EPS growth, outperforming peers like Kambi. The stock is laughably cheap at 12x earnings, with a DCF valuation suggesting it could be worth 346 SEK ($36).
| Entertainment Industry | Communication Services Sector | Mr. Pontus Lindwall CEO | OTC PINK Exchange | - ISIN |
| Sweden Country | 2,251 Employees | 12 Nov 2025 Last Dividend | - Last Split | - IPO Date |
Betsson AB (publ) stands as a prominent entity in the online gaming industry, primarily operating within the Nordic countries, Latin America, Western Europe, Central and Eastern Europe, Central Asia, and other international markets. The company embarked on its journey in 1963, with its headquarters located in Stockholm, Sweden. Through its numerous subsidiaries, Betsson AB engages in the investment and management of various online gaming ventures. Over the years, the diversity and reach of its operations have established it as a key player, especially noted for its market presence under well-known brands such as Betsson, Betsafe, Nordicbet, and Casinoeuro among others.
Under its broad spectrum of casino games, Betsson offers an array of slots, table games, live casino experiences, and other gaming activities. These are designed to cater to a wide range of gaming preferences, ensuring users have access to high-quality, engaging content whether they prefer traditional casino offerings or seek the thrill of live dealer interactions.
Betsson's sportsbook feature is comprehensive, covering a vast assortment of sports, leagues, and markets. This service allows users to place bets on their favorite sports events across the globe, offering diverse betting options that serve both casual bettors and seasoned punters alike.
Poker enthusiasts are not left behind, as Betsson provides a platform for various forms of poker games. This service caters to players at all levels, offering numerous rooms, tournaments, and game types to satisfy the strategic complexities of poker gaming.
As a classic game beloved by many, bingo finds a modern twist within Betsson's offerings. The platform offers multiple bingo rooms with different themes and jackpots, ensuring that players have a fresh and engaging experience every time they play.
For those looking for instant gratification, Betsson's scratch cards provide a swift and exciting way to win. These digital scratch cards come in various themes and offer prizes that add a quick-play option to the range of gaming experiences offered by the company.
Completing the extensive list of services, Betsson also offers a variety of table and dice games. This category includes timeless favorites such as roulette and craps, providing a virtual casino floor experience to users looking for classic gaming action.