FDJ earnings beat expectations despite revenue slip
FDJ has reported a net annual profit down 6% to 170 million euros, penalized by the evolution of its securities portfolio, while its profitability remained “solid”.
Bets rose 4.4% to $ 15.8 billion and player gains increased 5.7% to $ 10.7 billion, with the player return rate (YRT) rising 66.8% over the previous year. 67.6%, thanks in particular to the very good performance of sports betting.
“The financial and non-financial results of the group validate the relevance of our business model which combines strong operational performance, redistribution to the community including since 2018 to the French heritage, responsible gaming policy and strong economic and social footprint”, said Stéphane Pallez, President and Chief Executive Officer.