Allwyn Q2 2025 revenue reaches €2.27bn
Revenue grew 6% year-on-year, with adjusted EBITDA up 6%.
Key points:
– Allwyn International reported total revenue of €2.27bn ($2.6bn) in Q2 2025, representing a 6% increase compared with the same period in 2024
– Adjusted EBITDA also rose 6% to €362m, reflecting steady operational performance
After Allwyn reported a 12% year-on-year revenue increase driven by growth in Austria, Greece and Cyprus in FY 2024, it has released its preliminary unaudited financial results for Q2 2025.
Financial overview
Total revenue reached €2.27bn, up 6% on Q2 2024, while gross gaming revenue increased 6% to €2.19bn. Net revenue grew 6% while operating EBITDA declined 8%.
Adjusted EBITDA rose 6% to €362m, with a margin of 36.4%. CAPEX increased 11% to €62m and adjusted free cash flow grew 6% to €300m. Net debt to adjusted EBITDA remained at 2.3x.
Business update
The United Kingdom segment drove notable growth, supported by EuroMillions and other numerical lotteries. Online Instant Lotteries also saw increased activity following new game launches and high jackpot cycles.
Over 30 new systems were activated post-quarter, including a new central lottery system and upgraded retail terminals.
Post-quarter, Allwyn finalised a €2.15bn Senior Facilities Agreement and issued €600m of senior secured notes, optimising funding costs and extending debt maturity.
Good to know: Investments in technology and retail infrastructure support future product development, while adjusted free cash flow of €300m could prove beneficial for ongoing operations
CEO comments
Robert Chvatal, Allwyn CEO, stated: “I am very pleased to report another quarter of strong financial performance following our strong first quarter, reflecting continued successful execution of our growth strategies.
“This excellent performance reflected our focus on growth in the digital channel, alongside the dedication of our teams across markets to enhancing the customer proposition and the player experience.
“As always, we delivered this growth while maintaining our commitment to player safety and upholding our responsibilities to all stakeholders.”
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