Bet-at-home.com AG Anticipates Growth Boost from World Cup

Bet-at-home.com AG is poised for notable growth in Q2 2026, largely driven by the World Cup, as reported by NuWays AG. The company projects a 9.8% year-over-year increase in net revenue, reaching €9.7 million. This growth is attributed to strategic advertising improving brand visibility and online gaming expansion.

In detail, online sports betting revenue is expected to rise by 9.5% to €11.2 million, with a 5.8% increase in bet volumes. Meanwhile, online gaming revenue is forecasted to grow by 10.7% to €1.7 million. However, World Cup-related marketing expenditures are predicted to burden EBITDA, estimated at €-0.3 million, compared to €1.2 million in the previous year.

Bet-at-home.com AG's FY26 guidance is viewed as ambitious, with full-year targets adjusted due to a weak Q1. On the regulatory front, potential changes in Austrian gambling laws could benefit the company by allowing a competitive licensing system. Despite challenges, the company's strong cash generation and market position support a buy recommendation with a target price of €5.0.