Strong World Cup performance drives Q4 revenue for FL Entertainment
FL Entertainment’s full year revenue was up +15.7% to €4,047m driven by strong performance of both businesses.
Production & distribution: content catalogue up 30% to 160,000 hours, streaming platform revenues up 61% y/y, 15 bolt on acquisitions in 10 geographies. Online sports betting & gaming: Unique Active Player numbers up 25% y/y, partly driven by strong football World Cup performance.
In online sports betting & gaming, the growth of our revenues has been also very strong, despite a high comparison base in 2021. The overall number of Unique Active Players increased by 25%, powered in part by our strong commercial performance during the football World Cup.
Betclic has been the most downloaded sports betting app in our core markets of France, Poland and Portugal, and the second most downloaded across Europe, thanks to our state-of-the-art technology platform which leads the way in terms of reliability and efficiency. Looking ahead we will capitalize on increased player numbers to drive continued organic growth at a high pace.
Fl Entertainment’s first yearly results are a testimony to the strength of our business model. We are well positioned to reinforce our leading positions in ourstructurally growing markets in 2023 and continue to demonstrate our proven ability to delivery profitable growth at scale”.