Sports betting and online gaming drive FDJ’s third-quarter revenue
FDJ’s Q3 revenue was €1,875m on a like-for-like basis, revenue rose by +1% and by 5% excluding Amigo and Euromillions, a solid performance in line with the first half.
At the end of September, gross gaming revenue (GGR) stood at €4,808 million, stable compared with 2022. After €3,044 million in public levies, net gaming revenue (NGR)[3]totalled €1,771 million, up 0.8% based on a 2.0% increase in stakes.
Including income from other activities of €103 million, up more than 10% on a like-for-like basis, Group revenue to end September 2023 came to €1,875 million, up 3.9%.
On a like-for-like basis, sales rose by 1.3%. It rose 4.6%, in line with the first half, excluding Euromillions, which was particularly affected by the low number of high jackpot draws, especially in the 3rd quarter, and excluding Amigo, which was relaunched at the beginning of June with a revised formula in accordance with the regulator’s decision.
The lottery recorded sales of €1,407m, down 1% but up 3% excluding Amigo and Euromillions. The decrease in Amigo revenue since June is linked to the new game formula, revised at the request of the regulator, and that of Euromillions to a sharp drop in the number of high jackpot draws, particularly in the 3rd quarter, reflecting the inherent nature of the game.
Stéphane Pallez, Chairwoman and CEO of FDJ Group, said: “Our growth remains solid, with strong players’ demand, even though it has been affected by the low number of Euromillions high jackpot draws.
At the same time, the completion of the acquisition of ZEturf at the end of September and the forthcoming closing of Premier Lotteries Ireland acquisition in November illustrate our strategy of internationalisation and diversification. We are delighted that the teams of these two operators are joining FDJ and that these operations will contribute to the Group’s sustainable and profitable growth.”
Competitive sports betting and online gaming open to competition continue to perform well, with revenue up 9% to €360m