FL Entertainment buoyed by strong performance in Europe

Finance News

FL Entertainment, a global digital entertainment group, has enjoyed strong momentum across its two business lines throughout 2022.

Content production & distribution saw a 25% increase in the number of hours in its content catalog over 9M 2022. It has also successfully completed 12 bolt-on acquisitions of highly-reputable production companies, both for non-scripted and scripted content. This strategy creates economies of scale, expands its geographic footprint and contributes to improved long-term performance.

Online sports betting & gaming continues to perform well, driven by the appeal of Betclic’s digital platform. This was confirmed during the World Cup 2022 where Betclic registered high double-digit growth in stakes versus Euro2020. During 2022, Unique Active Players (UAP) also increased considerably compared to 2021. Those solid trends are expected to contribute to the Group’s continued growth in 2023.

Thanks to the positive momentum observed during the year, combined with the Group’s leading positions in attractive and growing segments of the entertainment industry, FL Entertainment reconfirms its 2022 guidance.

As a listed entity, FL Entertainment is constantly reviewing capital markets opportunities that contribute to the diversification of the Company’s sources of funding, strengthen its capital structure and provide balance sheet flexibility for the execution of its strategy.

In this context, the company is currently assessing a potential convertible bond financing, subject to market conditions.