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Why Betsson stock moves

Betsson fell slightly, less than the market.

Written after the close on ·

Why today

16,413 news analyzed today

Betsson fell slightly, less than the market.

Over the same day, OMX Stockholm 30 fell clearly, while Betsson moved only a little.

Over the last five trading days, Betsson rose slightly while the market was roughly flat.

The move was an ordinary one for Betsson, within its usual daily range.

Today's move of −0.36% was 0.4 times a normal day's 0.9%. OMX Stockholm 30 moved −1.01% on the same day.

Betsson −0.36%OMX Stockholm 30 −1.01%A little stronger than the market

Earlier days →

See the chart in ChartCompass, with every move explained →

What analysts expect, and how often they have been right

Analysts’ estimates for Betsson.

Betsson earned more than expected in 0 out of 8 reports.

For comparison, about 46% of reports from Nordic companies beat the estimate in the last three years.

The share moved in the same direction as the earnings surprise in 2 out of 8 reports with a measured move, against about 63% of reports from Nordic companies.

Ratings

Now
Buy 1Hold 2Sell 0

A rating is the analyst’s own opinion about the share.

Price targets

Latest price 97.75 SEK

Price targets
Low 90.00Average 102High 115

The average target is 102.33 SEK, +5% relative to the latest price of 97.75 SEK. The range is 90.00 SEK–115.00 SEK. A target is the analyst’s estimate of a future share price. 3 analysts gave a target.

Earnings against expectations, and the share’s reaction

Earnings against expectations, and the share’s reaction1.52.53.64.65.72025-02-06: 4.31; Expected EPS: 5.186/2’25+5.0%2025-04-29: 3.72; Expected EPS: 3.8529/4’25+3.1%2025-07-18: 3.96; Expected EPS: 4.4018/7’25−16.0%2025-10-24: 3.71; Expected EPS: 4.3224/10’25+2.8%2026-02-05: 2.55; Expected EPS: 3.705/2’26−7.3%2026-04-24: 1.94; Expected EPS: 2.8824/4’26+0.6%2026-07-17: 2.32; Expected EPS: 2.5017/7’26+0.1%2026-10-22: 2.11; Expected EPS: 2.8522/10’26+0.8%

Expected EPSAbove estimateBelow estimateAs expectedEUR

Percentages below show the share’s report-day move; labels are report dates.

Next reported quarter: expected earnings per share of 2.82 SEK (February 4). For the current fiscal year, expected earnings per share changed from 9.96 SEK three months ago to 9.70 SEK now. 2026 estimate: 9.70 SEK. 2027 estimate: 11.84 SEK. People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor. March 13: Buy about 759 thousand SEK. March 13: Buy about 2.0 m SEK. March 12: Buy about 8.4 m SEK. March 12: Buy about 996 thousand SEK.

What the key figures say about Betsson

The figures connect what Betsson earns with what investors pay.

The line shows the share price in the same year, on its own scale.

Earnings per share9.00 SEK
NowEarnings per share2022: 0.87222023: 1.29232024: 1.30242025: 1.2725

Profit divided by the number of shares. Each share represents this much of the earnings.

2022–2025: 0.87 EUR–1.30 EUR. Peers: Kambi Group 5.54 SEK, Evolution 58.63 SEK, Gentoo Media 0.42 SEK.

Revenue1.2 bn EUR
NowRevenue2022: 777,200,000.00222023: 948,200,000.00232024: 1,106,587,000.00242025: 1,196,980,000.0025

What the company sold during the year.

2022–2025: 777 m EUR–1.2 bn EUR. Peers: Kambi Group 178 m EUR, Evolution 2.1 bn EUR, Gentoo Media 95.2 m EUR.

Operating margin14.3%
NowOperating margin2022: 17.13222023: 22.61232024: 23.21242025: 21.0325

The percentage of revenue left after the costs of running the business.

2022–2025: 17.1%–23.2%. Peers: Kambi Group 13.1%, Evolution 58.0%, Gentoo Media 28.0%.

Return on equity13.7%
NowReturn on equity2022: 18.28222023: 23.03232024: 20.86242025: 19.5925

Profit as a percentage of shareholders’ money in the company.

2022–2025: 18.3%–23.0%. Peers: Kambi Group 8.6%, Evolution 28.4%.

Dividend per share7.28 SEK
NowDividend per share2017: 0.00172018: 2.84182019: 3.89192020: 2.88202021: 3.68212022: 1.97222023: 5.07232024: 7.33242025: 8.3825

Money paid to shareholders per share, summed by calendar year.

2017–2025: 0.00 SEK–8.38 SEK.

Dividend yield7.4%
NowDividend yield2022: 2.32222023: 4.67232024: 5.10242025: 5.6725

The ordinary yearly dividend as a percentage of the share price. Across Nordic companies, a yield of this size was followed by a lower dividend the next year in about 33% of cases, against about 17% below 5%.

2022–2025: 2.3%–5.7%. Peers: Kambi Group 0.0%, Evolution 0.0%, Gentoo Media 0.0%.

Net debt / EBITDA-0.45
NowNet debt / EBITDA2022: -0.31222023: -0.20232024: -0.39242025: -0.4325

Net debt divided by operating earnings before depreciation and amortisation.

2022–2025: -0.43–-0.20. Peers: Kambi Group -1.10, Evolution -0.44, Gentoo Media 2.62.

More key figures
Free cash flow per share0.91 EUR
NowFree cash flow per share2022: 1.05222023: 1.38232024: 1.62242025: 1.1025

Cash left after investments, divided by the number of shares.

2022–2025: 1.05 EUR–1.62 EUR. Peers: Kambi Group 0.81 EUR, Evolution 6.45 EUR, Gentoo Media 0.12 EUR.

Equity ratio68.2%
2025Equity ratio2022: 64.22222023: 64.16232024: 63.57242025: 68.1925

The percentage of assets financed by shareholders’ equity.

2022–2025: 63.6%–68.2%.

The dividend explained

A dividend is money paid to shareholders. Betsson paid 7.28 SEK per share in the twelve months through November 6, 2026.

2017: 0.00 SEK2018: 2.84 SEK2019: 3.89 SEK2020: 2.88 SEK2021: 3.68 SEK2022: 1.97 SEK2023: 5.07 SEK2024: 7.33 SEK2025: 8.38 SEK2026 so far: 3.64 SEK

What to watch next, and why

From the ex-day, Betsson trades without entitlement to the next dividend.

  • The dividend explained

    From the ex-day, Betsson trades without entitlement to the next dividend.

  • Earnings report

    The earnings report shows how Betsson's revenue and profit have changed.

    Add to calendar
More about Betsson

Insider trades

People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor.

  • Johan Lundberg, chairBuyabout 759 thousand SEK
  • Peter Hamberg, board memberBuyabout 2.0 m SEK
  • Pontus Lindwall, CEOBuyabout 8.4 m SEK
  • Peter Hamberg, board memberBuyabout 996 thousand SEK

Earnings report

Next report: · Add to calendar · Google Calendar

Report day3.1%

Normal day0.9%

On its last 15 report days Betsson usually moved about 3.1%. On a normal day it moves 0.9%.

+0.75% +0.06% +0.61% −7.33%

10,000 SEK in Betsson bought on November 7, 2016 is worth 15,500 SEK today, with dividends reinvested.

What would 10,000 SEK in Betsson be worth today? →

What would 10,000 SEK in Betsson be worth today?

15,500 SEK

with dividends reinvested, bought on November 7, 2016.

At worst it was worth 3,420 SEK (March 18, 2020).

The five biggest days of the journey

· +22.7% · the whole market fell 1.8% the same day

· −21.1% · the whole market rose 0.1% the same day

· +17.8% · the whole market rose 0.9% the same day · report day

· −16.0% · the whole market fell 0.3% the same day · report day

· +16.0% · the whole market rose 2.1% the same day

Earlier days

  • +1.35% market −0.11% Betsson rose slightly over the week, while the broader Stockholm market stayed roughly flat. Read →

    Betsson rose slightly over the week, while the broader Stockholm market stayed roughly flat.

    The move was ordinary in size.

    The main company news was an award win and a new partnership, and a stake in Lithuania through Peter & Sons, which likely gave only modest support.

    Betsson's operating profit fell sharply in its latest report, though investors seemed to take that in stride, and the share price was still well below its yearly high.

  • −0.91% market −0.32% Betsson fell clearly, while the market fell slightly. Read →

    Betsson fell clearly, while the market fell slightly.

    No company news from that session explains the move.

    Over the last five trading days the shares rose slightly, in line with a small market gain.

    Likely reasons include the sharp Monday drop in operating profit reported earlier, and a small rise in short positions on Thursday.

    Next, the company reports results on Thursday 4 February 2027.

  • +1.43% market +0.83% Betsson rose clearly, moving more than the market. Read →

    Betsson rose clearly, moving more than the market.

    Its gain came with a sponsorship announcement for the Club Brugge foundation, which is unlikely to be a major driver of the move.

    The stock rose clearly over the last five trading days, while the OMX Stockholm 30 rose only slightly.

    Earlier this week, a drop in operating profit was reported, yet the share price still rose, so the market reaction seems mixed.

    Next, the earnings report is due on Thursday 4 February 2027.

  • +1.76% market +0.48% Betsson rose on Friday. Read →

    Betsson rose on Friday.

    Over the last five trading days, Betsson slipped slightly while the OMX Stockholm 30 rose clearly, so it lagged the market.

    Earlier, its third-quarter record revenue and heavier tax costs weighed on profits, which likely kept sentiment cautious.

    The next earnings report, Thursday 4 February 2027, is the next key date.

  • +0.00% market −0.29% Betsson was roughly unchanged, an ordinary move for the stock. Read →

    Betsson was roughly unchanged, an ordinary move for the stock.

    The market was slightly lower that day, so Betsson moved in line with it.

    Over the last five trading days Betsson fell clearly while the market rose.

    No company news explains the move in the last session.

    The main earlier driver was last week's Q3 report, with earnings below expectations despite record revenue.

  • −2.62% market +3.01% Betsson, listed on Nasdaq Stockholm as BETS-B, fell clearly over the week while the Stockholm market rose clearly, so it moved against the market. Read →

    Betsson, listed on Nasdaq Stockholm as BETS-B, fell clearly over the week while the Stockholm market rose clearly, so it moved against the market.

    The move was ordinary in size, and trading was quiet.

    Company news was mostly sponsorship and product items, such as a new French poker launch and a Finnish sponsorship deal, which likely did little to move the share price.

    The main earlier driver was the October 22 quarterly report, where earnings missed expectations, even though revenue hit a record.

  • +0.05% market +0.33% Betsson was roughly unchanged, without company news. Read →

    Betsson was roughly unchanged, without company news.

    Its moves over the last five trading days were not news-driven.

    Here is what happened in the last session.

  • −3.33% market +0.96% Betsson fell, moving against a rising market. Read →

    Betsson fell, moving against a rising market.

    Company news explains it only in part, since the HJK Helsinki sponsorship deal was minor.

    Over the last five trading days, Betsson rose clearly while the market was roughly flat.

    The next earnings report is due Thursday 4 February 2027.

  • +4.87% market +0.41% Betsson rose sharply on Friday, moving well apart from a falling market, after a Pareto upgrade. Read →

    Betsson rose sharply on Friday, moving well apart from a falling market, after a Pareto upgrade.

    Over the last five trading days, Betsson rose very sharply while OMX Stockholm 30 fell sharply, so the stock moved against the market.

    On the last session, Betsson rose very sharply while the index rose slightly, which made the move much bigger than the market's.

    Pareto raised its rating to buy and lifted its price target, the share price it sees as fair, to 115 kronor.

    The move came on heavy trading, well above normal, and the latest close sits well below the past year's high.

  • +7.14% market −3.67% Betsson rose very sharply over the last five trading days, moving against a falling market. Read →

    Betsson rose very sharply over the last five trading days, moving against a falling market.

    Profit fell sharply, though, with operating profit (EBIT, earnings before interest and tax) down about 31 percent, below expectations.

    Next, watch the company's dividend and any further analyst changes.

  • +1.48% market −0.89% Betsson rose without a clear company trigger It rose clearly while the OMX Stockholm 30 fell clearly, so it moved against the market. Read →

    Betsson rose without a clear company trigger It rose clearly while the OMX Stockholm 30 fell clearly, so it moved against the market.

    Over the last five trading days Betsson was roughly unchanged, while the market fell slightly.

    The most likely drivers are the index moving against it and general interest in the stock, not company news.

  • −1.02% market +1.25% Betsson fell clearly with no company news from that day, while the broader market rose clearly. Read →

    Betsson fell clearly with no company news from that day, while the broader market rose clearly.

    Over the last five trading days the shares fell clearly as the OMX Stockholm 30 rose slightly, so Betsson has lagged the market across the stretch.

    Next to watch is the third-quarter report on Thursday 22 October, which is often a big day for the shares.

  • −3.35% market +1.19% Betsson fell clearly over the last five trading days, moving against a market that rose slightly over the same stretch. Read →

    Betsson fell clearly over the last five trading days, moving against a market that rose slightly over the same stretch.

    Investors often mark down a stock like this ahead of results when the outlook is uncertain, since the company's online gaming business is sensitive to consumer spending and regulation.

    The next thing to watch is the third-quarter report on Thursday 22 October.

  • +4.03% market +0.21% Betsson rose very sharply. Read →

    Betsson rose very sharply.

    Over the last five trading days Betsson was roughly unchanged, while the OMX Stockholm 30 index of Stockholm's biggest listed companies was also roughly flat, so the week's net move was small even though the latest session stood out.

    What to watch next is the third-quarter report and its presentation next week, when management will give figures and take questions.

    Betsson is an online gaming and betting group, so its results depend on customer activity, regulation in the markets it operates in and acquisitions.

  • −6.69% market +0.36% Betsson fell very sharply, with no clear company news to explain it. Read →

    Betsson fell very sharply, with no clear company news to explain it.

    Over the last five trading days Betsson fell sharply while the OMX Stockholm 30, Stockholm's main share index, was roughly unchanged, so the shares moved against the market.

    The likely driver is positioning ahead of next week's third-quarter report, with investors trimming holdings before the numbers land; the only company news was the invitation to that report presentation, which sets out no results.

    Online gaming shares are also sensitive to regulatory news and to how much customers stake and win, so a weak read-across from peers may have weighed.

    Watch the third-quarter report next week, where growth and margins will show whether the recent weakness was justified.

Learn more · Why does a stock fall on the ex-dividend date? · Why do stocks go up and down?

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