Sportsbook supplier Betby has reported revenue growth of over 50% in its Q3 results. The company said the results highlight its “continued expansion, innovation, and ability to deliver competitive value to operators worldwide.”
In a press release, the company recorded a 56.07% year-on-year increase in Gross Gaming Revenue (GGR), a 24.92% rise in total bets placed, and a 19.45% increase in active players.
An expanded esports offering has helped Betby’s impressive growth. Image Credit: Betby
Leonid Pertsovskiy, CEO at Betby, commented: “Q3 once again demonstrates the strength of our products and the trust we’ve built with our partners. We continue to deliver solid results across both sportsbook and esports verticals, driven by innovation, user-centric solutions, and our commitment to excellence.
“As we approach the end of the year, our focus remains on accelerating growth and reinforcing our position as a Tier-1 provider in the iGaming industry.”
Betby Expands Esports Portfolio
Betby.Games, Betby’s proprietary esports feed, also delivered a positive quarter, achieving an 8.43% year-on-year increase in GGR. The revenue increase was driven by a 6.18% rise in total bets placed and an 11.85% growth in active players compared to the same period last year.
The company expanded its esports portfolio last month to include three new sports: eKabbadi, eVolleyball, and eBoxing.
It now offers sportsbooks a total of 22 virtual sports through its esports feed, offering over 400,000 monthly matches with over 8,000 betting markets.
It further committed to esports this month by joining the Esports Integrity Commission as a Tier 1 Anti-Corruption Partner.
Pertsovskiy commented on the partnership, stating, “Esports is one of the fastest-growing sectors in our industry, and with that growth comes a responsibility to ensure it develops on a foundation of fairness, trust, and transparency.
“By joining forces with ESIC, we are not only supporting higher standards of governance in esports, but also reaffirming our dedication to creating a sustainable and ethical competitive environment.
“At Betby, we believe that innovation and excellence can only thrive when they are built on integrity, and this partnership reflects our long-term commitment to the future of esports.”
World Cup Also A Target For Future Growth
In addition to esports, the company said that the FIFA Club World Cup had been key to its Q3 success. Betby said there was a 743% GGR surge in pre-match markets during the tournament.
It hopes to build on that success at next year’s FIFA World Cup staged in the US, Mexico, and Canada. The company suggested the lessons learned from the Club World Cup will shape its strategies for engagement ahead of the 2026 tournament.
This will be the first World Cup staged in North America since the PASPA ruling in 2018 that allowed sports betting to be legalized across the country.
AI Tools And Partner Support Central To Strategy
AI-powered tools and tailored partner support will remain central to Betby’s strategy for future growth.
Last month, the company launched Help Arena, a new support center to streamline assistance for its partners.
Its current partners are primarily focused on Asia and Latin American markets. It signed deals with Elantil and Broadway Platform this year, adding to its deals with Fun88, Oddin, and 4rabet.
It also opened a new office in Athens, Greece, at the start of this month. Its other office locations include Latvia, Malta, Montenegro, and Barcelona.