The company also reported adjusted EBITDA of €319.9m, up 10% from the prior-year period. Allwyn’s adjusted EBITDA margin is at 54% as of its Q3 report, 1% down year-on-year. Net gaming revenue also rose by 10%, up on the €532.2m generated for Q3 2021.
Allwyn attributes its improved annual finances to growth in online sales in the Czech Republic. Allwyn’s online channels contributed 46% of total sales in the country, compared to 39% in the prior-year period.
The third quarter of 2022 also saw Allwyn’s stock price rise after it was formally awarded the Fourth UK National Lottery licence, starting in February 2024.
Allwyn CEO Robert Chvatal said: “This quarter has seen Allwyn deliver yet another set of strong financial results. We have also continued to deliver on our inorganic growth strategies, with some exciting developments in the UK in particular.
“Our consolidated gross gaming revenue increased by 11% year-on-year in the third quarter and consolidated adjusted EBITDA increased by 10%, driven entirely by organic factors – demonstrating once again the resilience of demand for our products and our business model."
Chvatal also commented on the state of Allwyn's wider business operations: “We also continue to deliver strong margins and generate robust free cashflows, reflecting our favourable cost structure and focus on cost and capital efficiency. The third quarter and start of the fourth quarter have also seen two milestones in the UK, which is set to become the sixth market where we operate lotteries.”
