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Betsson shares soar as Nordic growth boosts third quarter results

20th October 2016 8:45 am GMT

Continued growth in the Nordic region helped Stockholm-listed gaming operator Betsson post a 9 per cent increase in revenue to SEK1,063.3m (€109.6m) for the third quarter of 2016, with mobile now representing nearly half of the total.

After a disappointing second quarter performance, Betsson saw improved results in Q3, despite unfavourable currency fluctuations which negatively impacted revenue by SEK5.1m.

As in Q2, results were also impacted by a drop in license revenue attributable to B2B partner Realm Entertainment, which fell [...]

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