Svenska Spel (SSP) Q3 2026 earnings summary

Executive summary

• Q3 net gaming revenue rose 1% YoY to SEK 1,898m, driven by Oddset, casino, Triss and Lotto; operating profit fell 9% to SEK 656m amid higher strategic investment costs.

• 9M net gaming revenue increased 3% to SEK 5,741m and operating profit rose 2% to SEK 1,932m; continuing-operations profit was SEK 1,630m, while total profit included a SEK 288m disposal gain.

Financial highlights

• Q3 net sales from gaming operations and related items were SEK 1,320m (SEK 1,316m); operating margin was 35% (38%).

• Q3 finance income was SEK 60m (SEK 20m); continuing-operations profit was SEK 565m (SEK 584m).

• 9M net sales from gaming operations and related items reached SEK 4,002m (SEK 3,851m); operating margin remained 34%.

• 9M finance income was SEK 128m (SEK 47m); total profit was SEK 1,918m (SEK 1,439m), including discontinued operations.

• Q3 healthy revenue share was 94% (95%); 9M share was also 94% (94%).

Outlook and guidance

• Strategy remains focused on sustainable growth, stronger customer experience, brand renewal, AI and migration to cloud services; these initiatives increased Q3 costs.

• The final quarter will continue product and customer-experience development, with a stated aim of long-term value and responsible play.

• Owner financial goals include 20–40% full-year equity ratio, dividends of at least 80% of annual profit after tax, and a 30% operating margin over time.