Betsson operating income drops 47% on higher taxes, B2B slowdown

Betsson reported a 47% decline in operating income in its most recent reporting period compared with the prior comparable period, citing higher tax charges and a slowdown in business-to-business (B2B) activity as the main factors.

The group’s B2B unit, which supplies platform and content services to other operators, saw demand from partner operators soften. Lower volumes and reduced revenue from that segment cut into operating profit for the period.

Higher tax charges increased the company’s cost base and reduced operating profit even where net gaming revenue remained steady. Betsson indicated the tax rise reflected changes in effective tax rates, new levies in specific markets and adjustments to prior-year tax positions.

Betsson operates online casino and sportsbook brands and provides technology and content to other gambling businesses across multiple jurisdictions. The company reports results regularly and noted that tax rules and market regulations vary by market, affecting local profitability and consolidated group results.