Telematic Interactive Bulgaria AD starts 2026 with double-digit revenue and profit growth in an environment of increased competition. This highlights the sustainability of the company’s business model and the company’s ability to effectively manage its growth.
The company continues to expand its user base and revenue, while the focus on customer service strengthens loyalty; this increases the efficiency as a result of the introduction of new functionalities, products and marketing offers.
The company is constantly investing in the interface and user experience, making software optimizations and reactivating passive customers with active communication and new marketing campaigns. New content providers were activated, which provided interesting new products for the market, some of which were developed by the companies in which TIB acquired a majority stake in 2025.
Revenues and operations
In the first quarter Telematic Interactive Bulgaria AD generated revenues of over EUR 17.7 million. The casino segment reported over 14% growth, while sports betting remained at the level of 2025’s first quarter and forms over 9% of the company’s operational revenues.
Sports revenues tend to be highly volatile on a monthly basis due to their reliance on several single events, which normalize over a longer period. February was a relatively weak month in terms of results, despite its saturation with sporting events; most of them were in favor of the customers, which led to lower results overall for all bookmakers. However, significant sports events are expected soon, including the FIFA World Cup in the summer, which will provide good conditions for improving the results by the end of the year.
These results are based on the increase in average revenue per user, as well as on the number of average monthly active users.
Cost base
The largest share of the costs, reported by the company, is occupied by costs for game providers, advertising, payment services and tax under the Gambling Act, and forms nearly 90% of the total costs of Telematic Interactive Bulgaria AD.
Along with the revenue increase, expenses for external game providers also increased – by 8.6% to EUR 3.1 million, compared to EUR 2.9 million a year earlier. Advertising and marketing expenses amounted to EUR 3.6 million, compared to EUR 3.2 million a year earlier.
In the first quarter, the company paid EUR 3.6 million in state fees for maintaining an online gambling operator’s license, compared to EUR 3.2 million a year earlier. Personnel expenses decreased minimally, by 0.4% to EUR 1.69 million, compared to EUR 1.7 million a year earlier.
The company reported a net profit of nearly EUR 2.9 million, compared to just over EUR 2 million a year earlier, with a 38.5% increase year-on-year. Net profit margin increased to 16.1%.
Control over the main expenses remains stable. Payments to suppliers and personnel are growing moderately, indicating effective management of the operational base. Meanwhile, the gambling tax increase is a natural consequence of the higher volume of the business.
Results‘ sustainability and consistent policy towards shareholders
This combination of growth and cost control is key to maintaining sustainable margins and predictability in results.
Telematic Interactive Bulgaria AD continues to pursue an active shareholders’ remuneration policy. During a general meeting with shareholders, a dividend was voted of EUR 0.18 gross per share, or a total of EUR 2.3 million.
In 2025 the company distributed a total of BGN 1.23 per share throughout the year (EUR 0.63).
The company continues to expand its operations and to generate positive operational streams, thus providing flexibility for both investments and shareholder remuneration. The acquisition of majority stake in 7 Mojos Interactive Ltd. was also completed in the first quarter, expanding the offered casino products’ range with a modern platform for live games’ video streaming from land-based casinos, as well as from the company’s own studio. Maintaining stable liquidity further strengthens the company’s position and enables it to respond flexibly to market opportunities and challenges.
Source: Investor.bg