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Betsson AB (publ)OM:BETS B Stock Report

Market Cap SEK 12.4b
Share Price
SEK 91.80
SEK 167
45.0% undervalued intrinsic discount
1Y-52.5%
7D4.6%
1D
Portfolio Value
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Betsson AB (publ)

OM:BETS B Stock Report

Market Cap: SEK 12.4b

BETS B Community Fair Values

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Betsson AB (publ) Competitors

Price History & Performance

Summary of share price highs, lows and changes for Betsson
Historical stock prices
Current Share PriceSEK 91.80
52 Week HighSEK 203.80
52 Week LowSEK 81.00
Beta0.23
1 Month Change5.94%
3 Month Change-7.65%
1 Year Change-52.53%
3 Year Change-13.31%
5 Year Change28.21%
Change since IPO2,654.00%

Recent News & Updates

New Narrative Jun 04

The Market Is Paying You a 9.3% Dividend and an 18.9% FCF Yield to Wait for a Recovery That's Already Starting

Betsson AB (founded 1963, listed Nasdaq Stockholm Large Cap) is one of Europe's largest online gaming operators. It runs a dual model: B2C gaming under proprietary brands (Betsson, Betsafe, Inkabet, NordicBet) across 25 licensed jurisdictions — Casino (71% of revenue) + Sportsbook (28%) — and B2B platform licensing (Techsson PAM) to third-party operators.
Narrative Update Jun 02

BETS B: Stable Fair Value Will Rely On Margins For Future Upside

Analysts kept Betsson's SEK 103.33 price target unchanged, making only small tweaks to the discount rate, revenue growth, profit margin and future P/E inputs, which reflects relatively stable expectations in their valuation work. What's in the News Betsson issued earnings guidance for the first quarter of 2026, giving investors an early view of expected revenue and profit levels.

Recent updates

New Narrative Jun 04

The Market Is Paying You a 9.3% Dividend and an 18.9% FCF Yield to Wait for a Recovery That's Already Starting

Betsson AB (founded 1963, listed Nasdaq Stockholm Large Cap) is one of Europe's largest online gaming operators. It runs a dual model: B2C gaming under proprietary brands (Betsson, Betsafe, Inkabet, NordicBet) across 25 licensed jurisdictions — Casino (71% of revenue) + Sportsbook (28%) — and B2B platform licensing (Techsson PAM) to third-party operators.
Narrative Update Jun 02

BETS B: Stable Fair Value Will Rely On Margins For Future Upside

Analysts kept Betsson's SEK 103.33 price target unchanged, making only small tweaks to the discount rate, revenue growth, profit margin and future P/E inputs, which reflects relatively stable expectations in their valuation work. What's in the News Betsson issued earnings guidance for the first quarter of 2026, giving investors an early view of expected revenue and profit levels.
Narrative Update May 05

BETS B: Cautious Reset Will Still Rely On Margins For Upside

Analysts have trimmed their price target on Betsson from SEK 110 to about SEK 103, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E. These changes are broadly reflected in more cautious recent research such as the Pareto downgrade.
Narrative Update Apr 20

BETS B: Cautious Stance Will Still Rely On Margins And Payout Discipline

Analysts have kept their SEK 110.0 price target on Betsson broadly unchanged. A slightly higher discount rate and future P/E assumption, together with a recent downgrade from Pareto that has made the Street stance more cautious, explain the more restrained tone in the latest update.
Narrative Update Apr 06

BETS B: Trimmed Stance Will Still Rely On Margins And Payout Discipline

Analysts have cut their price target on Betsson to SEK 110.0 from SEK 152.5 as they factor in updated assumptions for revenue growth, profit margins, discount rate and a higher future P/E, along with a more cautious stance reflected in recent downgrades. Analyst Commentary Recent research points to a more cautious stance on Betsson, with the lower target price reflecting updated assumptions on growth, margins and required returns.
Narrative Update Mar 23

BETS B: Recalibrated Assumptions And Buybacks Will Support Returns At Undervalued Levels

Analysts have revised their view on Betsson, cutting the price target from SEK 190 to SEK 120 as they factor in updated assumptions on discount rate, revenue growth, profit margins and future P/E, consistent with more cautious recent research such as the Pareto downgrade. Analyst Commentary Despite the lower SEK 120 price target, some Bullish analysts still see reasons to stay constructive on Betsson and highlight several factors that they view as supportive for the equity story and valuation.
Narrative Update Mar 08

BETS B: Dividends And Buybacks Will Counter Cautious Outlook And Tighter Return Demands

Analysts have trimmed their Betsson price target to SEK X from SEK Y, citing slightly higher required returns, a modestly adjusted revenue growth outlook, a stable fair value assumption of SEK 100, and a broadly unchanged forward P/E profile. Analyst Commentary Bearish analysts are leaning more cautious on Betsson, framing recent price target trims and rating changes as a signal that they see a less favourable risk and reward profile at current levels.
Narrative Update Feb 22

BETS B: Future Buybacks And Dividend Will Offset Softer Outlook

Analysts have reduced their price target on Betsson from SEK 120.0 to SEK 100.0. They now apply a higher discount rate, assume lower revenue growth and margins, and use a higher future P/E in response to more cautious research commentary, including a recent downgrade from Pareto. Analyst Commentary Bearish analysts are signaling a more cautious stance on Betsson, with the reduced price target to SEK 100.0 reflecting a tighter view on what they are willing to pay for the shares.
Narrative Update Feb 07

BETS B: Trimmed Stance Will Still Rely On Margin Discipline

Analysts have trimmed their fair value estimate for Betsson from SEK192.50 to SEK152.50. This reflects a more cautious stance that lines up with recent Street downgrades and slightly softer assumptions on growth, margins and future P/E.
Narrative Update Jan 24

BETS B: Future Buybacks Will Support Shares Despite Softer Earnings Guidance

Analysts have trimmed their fair value estimate for Betsson from SEK 150.00 to SEK 120.00. This reflects updated assumptions for slightly higher discount rates, more moderate revenue growth, softer profit margins, and a lower future P/E multiple.
Analysis Article Jan 17

Lacklustre Performance Is Driving Betsson AB (publ)'s (STO:BETS B) 27% Price Drop

Betsson AB (publ) ( STO:BETS B ) shareholders that were waiting for something to happen have been dealt a blow with a...
Narrative Update Jan 10

BETS B: Share Repurchases Will Support Future Returns At Current Undervalued Levels

Analysts have maintained their price target on Betsson at €190. This reflects only slight adjustments to assumptions for discount rate, revenue growth, profit margin and future P/E, which they view as offsetting each other overall.
Narrative Update Dec 26

BETS B: Share Buybacks Will Drive Stronger Future Returns For Shareholders

Analysts have modestly raised their price target on Betsson to SEK 190.00, reflecting slightly stronger expectations for long term revenue growth and profitability despite a marginally higher discount rate. What's in the News Betsson AB has launched a share repurchase program, with authorization to buy back series B shares so that treasury holdings do not exceed 10% of total shares outstanding, as approved at the May 8, 2025 AGM (company announcement).
Narrative Update Dec 12

BETS B Will Reward Shareholders Through New €40 Million Buyback Program

Analysts have trimmed their price target on Betsson by SEK 10 to SEK 190. This reflects slightly lower expectations for revenue growth and profit margins, while the discount rate and future valuation multiples remain broadly unchanged.
Analysis Article Sep 13

Betsson (STO:BETS B) Is Very Good At Capital Allocation

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Narrative Update Aug 20

Growth In Latin America And Europe Will Ignite Digital Entertainment

The sharp increase in Betsson’s future P/E multiple, alongside a modest uptick in revenue growth forecasts, has driven the consensus analyst price target up from SEK178.33 to SEK192.50. Valuation Changes Summary of Valuation Changes for Betsson The Consensus Analyst Price Target has risen from SEK178.33 to SEK192.50.
Analysis Article Jul 22

Betsson AB (publ) Just Missed EPS By 11%: Here's What Analysts Think Will Happen Next

It's been a sad week for Betsson AB (publ) ( STO:BETS B ), who've watched their investment drop 16% to kr164 in the...
Analysis Article Jul 09

Is Betsson (STO:BETS B) A Risky Investment?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article May 19

Investors Don't See Light At End Of Betsson AB (publ)'s (STO:BETS B) Tunnel

Betsson AB (publ)'s ( STO:BETS B ) price-to-earnings (or "P/E") ratio of 12.5x might make it look like a buy right now...
Analysis Article May 02

Here's Why Shareholders May Want To Be Cautious With Increasing Betsson AB (publ)'s (STO:BETS B) CEO Pay Packet

Key Insights Betsson's Annual General Meeting to take place on 8th of May CEO Pontus Lindwall's total compensation...
User avatar
New Narrative Feb 09

Latin American Expansion And Bet Builder Enhancements Will Strengthen Future Market Presence

Strategic investments in Latin America and CEECA regions, coupled with geographic expansion, are driving strong revenue growth and future potential.
Analysis Article Feb 09

Betsson AB (publ) (STO:BETS B) Full-Year Results: Here's What Analysts Are Forecasting For This Year

Investors in Betsson AB (publ) ( STO:BETS B ) had a good week, as its shares rose 6.4% to close at kr161 following the...
Analysis Article Jan 25

Betsson (STO:BETS B) Seems To Use Debt Quite Sensibly

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
New Narrative Jan 23

Leading the Game with Growth, Innovation, and Exceptional Returns

Betsson AB is a standout performer in the online gaming and betting industry, renowned for its financial strength, resilience, and strategic adaptability. Combining steady growth with shareholder-focu
Analysis Article Jul 23

Betsson AB (publ) Just Missed EPS By 14%: Here's What Analysts Think Will Happen Next

Last week, you might have seen that Betsson AB (publ) ( STO:BETS B ) released its second-quarter result to the market...
Analysis Article May 22

Betsson (STO:BETS B) Looks To Prolong Its Impressive Returns

What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...
Analysis Article May 01

Increases to Betsson AB (publ)'s (STO:BETS B) CEO Compensation Might Cool off for now

Key Insights Betsson will host its Annual General Meeting on 7th of May Total pay for CEO Pontus Lindwall includes...
Analysis Article Mar 12

We Ran A Stock Scan For Earnings Growth And Betsson (STO:BETS B) Passed With Ease

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analysis Article Feb 04

Betsson (STO:BETS B) Has A Rock Solid Balance Sheet

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Analysis Article Dec 21

Why Investors Shouldn't Be Surprised By Betsson AB (publ)'s (STO:BETS B) Low P/E

Betsson AB (publ)'s ( STO:BETS B ) price-to-earnings (or "P/E") ratio of 8.3x might make it look like a strong buy...
Analysis Article Nov 09

Here's Why Betsson (STO:BETS B) Has Caught The Eye Of Investors

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Shareholder Returns

BETS BSE HospitalitySE Market
7D4.6%2.6%-1.9%
1Y-52.5%-1.0%9.6%

Return vs Industry: BETS B underperformed the Swedish Hospitality industry which returned -1.8% over the past year.

Return vs Market: BETS B underperformed the Swedish Market which returned 9.3% over the past year.

Price Volatility

Is BETS B's price volatile compared to industry and market?
BETS B volatility
BETS B Average Weekly Movement5.7%
Hospitality Industry Average Movement6.7%
Market Average Movement6.1%
10% most volatile stocks in SE Market14.4%
10% least volatile stocks in SE Market3.5%

Stable Share Price: BETS B has not had significant price volatility in the past 3 months compared to the Swedish market.

Volatility Over Time: BETS B's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19632,928Pontus Lindwallwww.betssonab.com

Betsson AB (publ) engages in the online gaming business worldwide. It offers casino games, sports betting, and other forms of gaming, such as poker and bingo. The company provides its products under the Betsson, Betsafe, Starcasino, Inkabet, betFirst, Nordicbet, Racebets, Rizk, and Jalla Casino brands.

Betsson AB (publ) Fundamentals Summary

How do Betsson's earnings and revenue compare to its market cap?
BETS B fundamental statistics
Market capSEK 12.37b
Earnings (TTM)SEK 1.69b
Revenue (TTM)SEK 13.05b
7.3x
P/E Ratio
0.9x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BETS B income statement (TTM)
Revenue€1.19b
Cost of Revenue€217.49m
Gross Profit€971.11m
Other Expenses€817.31m
Earnings€153.80m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Jul 17, 2026

Earnings per share (EPS)1.14
Gross Margin81.70%
Net Profit Margin12.94%
Debt/Equity Ratio19.3%

How did BETS B perform over the long term?

See historical performance and comparison

Dividends

7.9%
Current Dividend Yield
59%
Payout Ratio

Does BETS B pay a reliable dividends?

See BETS B dividend history and benchmarks
When do you need to buy BETS B by to receive an upcoming dividend?
Betsson dividend dates
Ex Dividend DateNov 10 2026
Dividend Pay DateNov 18 2026
Days until Ex dividend152 days
Days until Dividend pay date160 days

Does BETS B pay a reliable dividends?

See BETS B dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/10 09:39
End of Day Share Price 2026/06/10 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Betsson AB (publ) is covered by 9 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Henrik BarkABG Sundal Collier Sponsored
Jack CummingsBerenberg