"I am very satisfied with the quarter. We have growth and we are exceeding expectations," Lindwall told TT.
The gaming company made an operating profit of EUR 44.2 million. This compares with EUR 69.0 million in the second quarter of last year.
However, analysts had expected a larger drop in profits. The average forecast was 39.8 million euros, according to Bloomberg.
"Record-high revenues in the wake of the World Cup," Betsson states in the report.
Revenue during the quarter increased 2 percent to EUR 310.2 million.
It is clear that the intensity is increasing and the pressure in the business has increased during the World Cup, says Lindwall.
Sweden's progress did not affect revenue very much.
Sweden doesn't make up a large part of our revenue, but it was fun to be involved and that we at least got a little bit there, he says.
Good with scolding
The World Cup was expanded from 32 to 48 teams, which means 104 matches compared with 64 during the last World Cup in Qatar.
"We were a little worried at the beginning that there would be some matches that would be very predictable. But just like in other tournaments, it has been dynamic and we have seen results that you couldn't believe, so it has been very good," he says.
The World Cup offered some surprises, for example, Cape Verde drew with Spain.
When "underdogs" stand up and hold out, it benefits the sportsbook margin, because we always have a lot of bets on the favorites, says Lindwall.
It is also good for Betsson when matches go to extra time, as few bet on it being a draw at full time.
Now during the "knockout" we have more revenue on matches when it is decided on penalties.
Lift in Latin America
Betsson's revenue in Latin America grew 32 percent to new record levels and now constitutes more than a third of the group's total revenue.
It's been boosted by the World Cup, of course. And they have one team left here now in the final, says Lindwall.
Argentina will play the final against Spain on Sunday.
It will be very exciting.
