Key points:
- Revenue up to €3.07bn in 2024
- FDJ has implemented a plan to offset the impact of tax rises on betting and gaming
Française des Jeux (FDJ) has reflected on some key financial metrics from 2024 ahead of releasing its full results on 6 March.
Overall, last year’s financial figures look to have been positive for the group, with revenue reaching €3.07bn ($3.21bn), an increase of 17% year-on-year.
Even when removing revenue generated from Kindred Group, revenue was still up 10%.
Good to know: FDJ completed its acquisition of Kindred Group in October
FDJ explains that, on a pro forma basis and based on a number of other factors, if Kindred had been acquired at the start of 2024, revenue would have reached nearly €3.8bn.
For recurring EBITDA, this reached €792m for the whole of last year, which means it experienced growth of 21%, and so created an EBITDA margin of 25.8%.
While the operator has reflected on a positive 2024, it has underlined the potential impact of tax increases in France – which are set to take effect this year – on its financial performance in 2025.
To give an example, some of these increases in betting and gaming levies in the country are currently positioned to see online sports betting public levies increase from 54.9% to 59.3% of GGR, online poker public levies to increase from 0.2% of stakes to 10% of GGR, and a 15% tax on advertising and promotional expenditure by gaming operators.
FDJ estimates that increases in betting and gaming levies in France, as they stand, will reduce its revenue and recurring EBITDA in 2025, although it has set in motion an action plan to offset the impact of this.
