Every week, CasinoBeats breaks down the numbers behind some of the industry’s most fascinating stories. Our latest headline reflection features financial results from the likes of Betsson, PENN Entertainment and Gaming Innovation Group, as well as an Australian AML fine.
251.9
Publishing its Q4 and full-year 2023 financial results, Betsson declared a group revenue of €251.9m for the quarter, a 14 per cent uptick year-over-year (Q4 2022: €220.6m) and an organic increase of 36 per cent in comparison to the previous year.
EBITDA for Q4 was €71.9m, up 40 per cent YoY (Q4 2022: €51.1m), with a margin of 28.6 per cent.
Operating income for the quarter was €57m, up 42 per cent YoY (Q4 2022: €40m) with a margin of 22.6 per cent, while net income was €43.3m (Q4 2022: €32.7m).
Q4 operating cash flow was €47.6m (Q4 2022: €75.5m), while net cash was €59.6m (Q4 2022: €65.7m).
For the full year, group revenue rose by 22 per cent to €948.2m (2022: €777.2m) with an organic increase of 40 per ce..