FDJ Q3 report shows 12% revenue increase

French gaming operator La Française des Jeux (FDJ) has announced its Q3 2022 report, showing a 12% year-on-year revenue increase.

quarter three

The report highlights strong performance when it comes to lottery games, with revenue up 14% to €478m ($467m). This increase is due to a large number of high jackpots.

Sports betting revenue has stabilised at €97m, but the FIFA World Cup at the end of the year is expected to bring significant rises.

According to the report, stakes were up across all distribution channels, seeing a 6% increase in points of sale and a 35% increase across online channels.

Revenue from other activities also saw an increase by €3m.

In total, 2022 full-year revenue is now expected to be up over 8%, with an EBITDA margin close to 24% above all predictions at the start of the year.

The initial forecast for 2022 showed nearly 5% full-year revenue growth, with an EBITDA margin of over 23%.

Stéphane Pallez, Chairwoman and CEO of the FDJ Group, said: "The strong momentum recorded by the group at the beginning of the year continued into the third quarter.

"We are particularly pleased with the return of our point-of-sale network to a healthy business dynamic, with quarterly stakes up by 6%. Our digital business continues to attract a growing number of players, almost 5 million.”

She concluded: “The good performance expected for the full year reflects the relevance of our strategy, which is based on these two distribution channels, and confirms our long-term responsible growth model.”

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