1 hour ago
iGamingPublished:May 14, 2026, 2:30 AM
Bet-at-home.com AG’s Q1 2026 gross betting and gaming gross fell 16.1% arsenic the operator’s June 2025 determination to walk Austria’s recently raised 5% betting taxation done to customers translated into a €22m sportsbook volume drop. Multiple competitors opted to sorb the aforesaid taxation hike instead, exposing Bet-at-home to an enactment diminution that has present flipped EBITDA antagonistic successful its archetypal 4th since Banijay Group N.V.’s January divestment.
Published: May 14, 2026, 2:30 AM
Key Takeaways
- Bet-at-Home Q1 2026 GGR fell 16.1% to €11.34m aft Austria taxation pass-through started June 2025.
- Sportsbook measurement dropped €22m arsenic competitors absorbed Austria’s 5% betting taxation instead.
- Consolidated nonaccomplishment of €461K reverses €887K Q1 2025 nett successful archetypal post-Banijay quarter.
Austria Tax Pass-Through Costs Bet-at-Home Q1 Profit arsenic Rivals Hold Pricing Steady
The German-headquartered operator’s June 2025 determination to walk Austria’s 3-percentage constituent betting taxation increase, effectual April 1, 2025, done to customers translated into the enactment diminution that Q1 numbers present confirm arsenic a 24.4% contraction successful stakes.
Several Austrian-licensed competitors took a antithetic operational way connected the aforesaid taxation hike. iGamingBusiness reported successful September 2025 that bet-at-home’s H1 2025 commentary already signaled the competitory risk, with the pass-through determination risking erosion of competitiveness since respective rivals had absorbed the summation themselves. Q1 2026 is the archetypal afloat 4th successful which the pass-through has applied crossed the full Austrian marketplace for bet-at-home customers, and the enactment driblet confirms the competitory disadvantage the H1 commentary anticipated.
Q1 2026 is besides the archetypal net play since Banijay Group N.V. (the French entertainment-and-gaming conglomerate listed connected Euronext Amsterdam) sold its 53.9% controlling stake successful bet-at-home connected January 2, 2026, to absorption connected the integration of Banijay Gaming, the caller sports betting and gaming portion formed by the merger of Betclic and Tipico Sportwetten successful April this year.
CEO Stefan Sulzbacher reiterated full-year 2026 guidance of €46m to €54m GGR with EBITDA earlier peculiar items of up to €4m, pointing to the FIFA World Cup successful June and July arsenic an expected affirmative driver. The Q1 selling fund of €4.49m – down 7.4% year-on-year – is being held backmost for World Cup-focused lawsuit activity. Bet-at-home’s outlook besides faces Germany’s Interstate Treaty connected Gambling restrictions and active Austrian discussions astir raising the betting taxation further to 10%, which would spot the state among the highest-taxed European jurisdictions.
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