La Française des Jeux revenue tops €0.5bn in Q3

Finance News

FDJ’s performance up to the end of September was better than the Group’s forecast, after a first six months of the year in which results were amplified by a basis of comparison affected by the health crisis in the first six months of 2021.

The Group’s business activity will benefit from the FIFA World Cup in Q4 but given the high basis of comparison base for lottery games at the end of 2021, with several weeks of high jackpot draws, FDJ expects its revenue in the second half of the year to be up 6%.

Q3 revenue was up 12% to €592m. Lottery games continue to perform strongly, with revenue up 14% to €478 million, which benefited in particular from a large number of high Euromillions jackpots.

Revenue from sports betting was stable at €97 million, in advance of the FIFA World Cup at the end of the year. Point-of-sale stakes good momentum continue (+6%) and online stakes, which represent 13% of total stakes, continue to grow strongly (+35%). At the end of September, 9M revenue up 12% to €1,805 million. 2022 full-year revenue expected to be up by more than 8% with an EBITDA margin close to 24%, above the forecasts at the beginning of the year.

Stéphane Pallez, Chairwoman and CEO of the FDJ Group, said: “The strong momentum recorded by the Group at the beginning of the year continued into the third quarter. We are particularly pleased with the return of our point-of-sale network to a healthy business dynamic, with quarterly stakes up by 6%. Our digital business continues to attract a growing number of players, almost 5 million. The good performance expected for the full year reflects the relevance of our strategy, which is based on these two distribution channels, and confirms our long-term responsible growth model.”