Italy · Delayed Price · Currency is EUR Lottomatica Group Earnings Call Transcripts
Fiscal Year 2026
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Normalized EBITDA grew 22% and revenues 10% year-over-year, with strong online and sports performance and market share gains. Cost of debt was reduced via refinancing, and guidance was raised to the top end, supported by robust market trends and cost efficiencies.
Fiscal Year 2025
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EBITDA rose 21% and adjusted net profit 45% year-over-year, driven by strong online growth and successful integration of PWO, with significant capital returned to shareholders. 2026 guidance points to continued revenue and EBITDA growth, led by online and iGaming segments.
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Q3 delivered strong growth with EBITDA up 18% and market share at a record high, driven by online and product innovation. PWO integration completed ahead of plan, synergies realized early, and disciplined capital allocation continues, with further market share gains expected in 2026.
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Q2 and H1 2025 saw double-digit revenue and EBITDA growth, driven by strong online and sports franchise performance, successful PWO integration, and market share gains. Guidance for 2025 is confirmed, with further synergies and bolt-on opportunities expected.
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Q1 2025 delivered record results with 33% revenue and 47% EBITDA growth year-over-year, driven by strong online and sports franchise performance, successful PWO integration, and disciplined capital allocation. Share buyback and refinancing initiatives further strengthened financial flexibility.
Fiscal Year 2024
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Record FY2024 results with 24% revenue and 22% EBITDA growth, driven by strong online performance and market share gains. 2025 guidance targets further growth, with continued focus on omnichannel strategy, capital returns, and disciplined M&A.
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Q3 EBITDA rose 30% year-over-year to €166 million, with strong online growth and market share gains. Full-year guidance is reaffirmed, and SKS synergies plus bolt-ons are set to further boost results. Net leverage stands at 2.6x LTM EBITDA.
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Q2 2024 saw record online market share, 17% EBITDA growth, and upgraded full-year guidance. SKS integration and bolt-on acquisitions are ahead of plan, with strong cash flow and margin improvement. Market and regulatory conditions remain favorable.