Lottomatica Q1 revenue jumps 33% to $665.8m as online segment surges 59%
Lottomatica has recorded its highest-ever Q1 revenue, driven by continued growth in online gaming and strong performance across its sports betting operations.
Key points:
– Group revenue for Q1 2025 reached €585.7m, up 33% year-on-year
– Net profit rose 72% to €51.5m; adjusted EBITDA increased 47% to €220.5m
– Online revenue surged 59% to €239.8m, driven by a 46% rise in online bets
Lottomatica Group closed the first quarter of 2025 with consolidated revenue of €585.7m ($665.8m), marking a 33% year-on-year increase.
Growth was led by the online division, which generated €239.8m in revenue, up 59% year-on-year. The spike was supported by a 46% increase in online betting volumes, totalling €7.36bn for the period.
Adjusted EBITDA rose to €220.5m, up 47%, while the EBITDA margin widened to 37.6%, compared to 34.0% in Q1 2024. Net profit climbed to €51.5m from €29.9m, reflecting a 72% increase.
The company’s sports franchise segment also delivered strong growth, with revenue rising 59% to €150.4m. Meanwhile, the gaming franchise division posted flat results at €195.5m, with a 0.1% increase compared to the previous year.
Operating cash flow surged 67% to €184.4m. Net financial debt was reduced to €1.80bn, resulting in a leverage ratio of 2.1x based on LTM run-rate adjusted EBITDA. The group’s recent €1.1bn refinancing deal is expected to generate annual interest savings of €24m from 2026.
In a move to return capital to shareholders, Lottomatica will begin a €500m share buyback programme in June 2025, to be carried out over an 18-month period.
Good to know: The company also upgraded its synergy targets from the acquisition of PWO to €87m by 2026, up from the original €75m forecast
Lottomatica reaffirmed its full-year 2025 guidance of €2.32–€2.37bn in revenue and €840–€870m in adjusted EBITDA, citing continued strength in its digital and franchise operations.
The Q1 results follow a solid FY2024 performance, where revenue increased by 23% to €2.0bn, led by a 50% rise in online gaming revenue.
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