The first quarter financial report of 2025 shows that the major listed companies in the iGaming industry have generally achieved significant growth, both in terms of revenue and user activity. The strongest growth markets include Latin America, the UK, Croatia, Greece, and Spain. Growe Partners released a quarterly report summarizing the core data of this period, which was highlighted by SiGMA News.
Betsson Sets New Deposit Record
Betsson's quarterly revenue increased by 18% year-on-year to $295 million, with EBITDA up 9% at $78 million. Both casino operations and sports betting grew by 18% and 22% respectively. Total customer deposits rose by 15%, reaching a record $1.5 billion.
The Latin American market saw a 25% increase in profits, particularly making breakthroughs in Paraguay and Brazil, and becoming a shirt sponsor for an equestrian club in Argentina. Eastern Europe grew by 11%, with Greece reaching all-time highs in both user numbers and deposits. Additionally, the quarter saw the acquisition of Italy's BetClic and the exit from the Nigerian market.
SuperGroup Hits New Highs in Three Metrics
SuperGroup's quarterly revenue reached AUD 518 million, up 25% year-on-year. Adjusted EBITDA soared by 120% to AUD 111 million, with a profit margin of 22%. Monthly active users increased to 5.4 million, up 15% year-on-year.
In March, the company launched in New Jersey and Pennsylvania under the Spin Palace Casino brand, replacing Betway, and the total betting volume for the quarter also set a new record at $899 million.
RushStreet Strengthens in the Colombian Market
RushStreet's revenue increased by 21% year-on-year to $262 million, with EBITDA up 95% at $33 million. Its profit share from markets outside the US rose to 64%, with gambling revenue in Colombia surging by 55% and setting a new high in MAU.
Overall revenue from casino and sports betting operations grew by 11% year-on-year.
Entain Continues to Rise in Online Revenue
Entain reported a 9% increase in online total revenue (NGR), with both the UK and Croatian markets growing by 12%. BetMGM (50% owned by Entain) performed impressively, with iGaming NGR up 27% and sports betting NGR increasing by 68%.
In Brazil, net revenue met expectations with a 31% increase; however, due to the performance of sports events, net revenue in the Australian market declined by 8%.
Summary
Overall, the first quarter of 2025 demonstrated the maturity and resilience of the iGaming industry, with technological investments and localization strategies being key to growth. Betsson had the highest deposit amount, SuperGroup led in monthly active users, RushStreet made significant inroads in Latin America, and Entain held a competitive edge in sports betting revenue.
