Betsson First Quarter 2024 Earnings: Revenues Beat Expectations

Betsson (STO:BETS B) First Quarter 2024 Results

Key Financial Results

• Revenue: €248.2m (up 12% from 1Q 2023).
• Net income: €41.3m (up 9.5% from 1Q 2023).
• Profit margin: 17% (in line with 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Betsson Revenues Beat Expectations

Revenue exceeded analyst estimates by 3.8%.

Looking ahead, revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Sweden.

Performance of the Swedish Hospitality industry.

The company's shares are up 14% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Betsson that you should be aware of before investing here.

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