Betclic owner FL Entertainment has reported first half revenue of €1,801m in H1 2022, up +19% on a reported basis and +15.6% at constant exchange rates

Adjusted EBITDA: €301m, up +16.0% versus H1 2021, representing an adj. EBITDA margin of 16.7%Adjusted net income: €139m up +8.0% versus €129m in H1 2021

Net income: -€18.2m versus €24.2m in H1 2021, due to one-off impact from the Group re-organization and listing transaction. Revenue from continuing operations +4% in H1 2022 despite high comparison basis due to Euro 2020 in 2021 and increased activity during Covid-related lockdowns. Unique Active Players increased by +7% in H1 2022 versus H1 2021.

François Riahi, CEO of FL Entertainment, said: “During H1 2022, FL Entertainment delivered double-digit revenue and EBITDA growth thanks to a strong post-Covid recovery in Content production and increased Distribution revenues. Our Sports betting & online gaming business performed well and continued to attract new players, despite the quieter sports calendar in the first-half. Based on the strength of our H1 performance, we are confirming our revenue and earnings targets for 2022, as well as our mid-term outlook.

FL Entertainment’s listing in July 2022 is the start of a new chapter for our business and we aredelighted to begin life as a publicly-traded company with such strong momentum. We enjoy leading positions in attractive and growing segments of the entertainment industry and are well-placed to capitalize on new opportunities and continue our track record of delivering profitable growth.”