Lottomatica Group Q3 2023 report: Online revenue increased by 30% for 9 months
The group's overall revenue increased by 12% when compared to the same period in 2022.
Lottomatica Group has released its Q3 2023 financial results, specifying results for the nine months ending 30 September 2023.
In its nine-month report, it reflected revenue of €1.2bn ($1.2bn), up 12% from Q3 2022. Of that revenue, online made up €374m, an increase of 30%; sports garnered €277.4m, up 10%; and gaming brought in €543.5m, with a slight increase year-on-year of 3%.
Meanwhile, total bets amounted to €21.7bn, an increase of 19% compared to the same period this time last year. When breaking down the total bets, online contributed €11.5bn, up 37%; sports made €2bn, up 15%; and gaming brought in €8.1bn, but saw no increase or decrease during the period.
Gross gaming revenue (GGR) reached €2.8bn, reflecting a 7% increase compared to the same period in 2022. Meanwhile adjusted EBITDA reached €426.4m, a 15% increase year-on-year.
In respect to market share, Lottomatica Group has a total online market share of 21.2%; iSports market share of 20.4% and iGaming market share of 21.7% in this period. The market segment shares increased 4%, 3% and 5% respectively compared to 2022.
Net profit for the nine-month period reached €75.5m, sporting a steady increase of 9%.
Guglielmo Angelozzi, CEO of Lottomatica Group, commented: “In this third quarter we have consolidated our leadership position and our Online business has continued to grow market share across all product segments and brands.
“In the first nine months, we reached €426m of EBITDA, up 15% compared to the same period in 2022. We are on track to achieving our guidance for fiscal year 2023 and to continue to execute our strategy of organic and M&A growth.”
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