Key points:
- Lottomatica’s total revenue increased by 23% year-on-year to reach €2.0bn, with online gaming revenue growing by 50%
- Adjusted EBITDA rose by 24% to €739.4m, exceeding company guidance
- The company projects FY2025 revenue between €2.32bn and €2.37bn, with further online expansion expected
Lottomatica has released its financial results for FY2024, reporting a 23% increase in total revenue to €2.0bn ($2.1bn).
The company’s online segment recorded a 50% rise, reaching €780.2m, while the sports franchise division grew by 25% to €460.8m.
The gaming franchise, Lottomatica’s largest segment, posted €763.7m in revenue, marking a 3% increase.
Total betting volumes for the year amounted to €39.2bn, reflecting a 30% increase, with online betting volumes up by 51%. The company attributes these gains to market share expansion and digitalisation across its platforms.
Earnings and profitability exceed forecasts
Lottomatica’s adjusted EBITDA for FY2024 reached €739.4m, representing a 24% increase and surpassing the company’s guidance of €700m–€730m. The company also recorded an adjusted net profit of €254.3m, reflecting overall profitability improvements.
Operating cash flow rose to €556.8m, up from €469.6m in FY2023, supporting Lottomatica’s financial stability.
CEO Guglielmo Angelozzi said: “2024 marked an outstanding year for our Group, in which we consolidated our leadership position across all segments and brands. We continued to grow both organically and through M&A, with the acquisition of PWO and executing our bolt-on strategy.”
Angelozzi added: “Our objectives for 2025 are to strengthen our leadership position in all segments through product and technology innovation and further develop the omnichannel model while managing efficiently the retail to online transition that is occurring in the market.”
FY2025 outlook and capital return strategy
For FY2025, Lottomatica forecasts revenue between €2.32bn and €2.37bn, with adjusted EBITDA projected to range from €840m to €870m. The company also announced plans to distribute a dividend of €0.30 per share, totalling €75m in dividend payments.
Additionally, Lottomatica is seeking approval for a share buyback program that would allow it to repurchase up to 10% of its outstanding shares over the next 18 months.
Market expansion and industry position
Lottomatica strengthened its market position in Q4 2024, achieving an online gaming market share of 30.9%, while its sports franchise segment reached a 32.3% market share. The company has continued its omnichannel strategy, integrating digital and retail operations to enhance customer engagement.
In February 2025, Lottomatica reported significant growth in online and sports franchise gross gaming revenue, rising 72% and 79% respectively.
Past performance and strategic developments
Lottomatica’s FY2024 results follow a strong FY2023, where revenue grew by 12% to €1.6bn. In November 2023, the company announced the acquisition of SKS365 for €639m, a deal expected to strengthen its market position further.
The integration of SKS365 remains a key factor in Lottomatica’s FY2025 outlook, with updated guidance to be provided following the transaction’s completion. The company also continues to explore new market opportunities to support long-term growth.
