Online drives Lottomatica Q3 revenue
Lottomatica Group’s nine month revenue was €1.2 billion and €426 million EBITDA, with solid third quarter results driven by online market share growth across all product and brand segments.
GGR3 was Euro 2,844.1 million, +7% compared to the same pro forma period of 2022 (+10% reported)
o Total Online market share: equal to 21.2% in Q3 (+3.8pp compared to FY 2022) iSports market share: equal to 20.4% in Q3 (+3.1pp compared to FY 2022)
iGaming market share: equal to 21.7% in Q3 (+4.5pp compared to FY 2022) Revenues equal to Euro 1,194.9 million, +12% compared to the same pro forma period of 2022 (+17% reported). Online at Euro 374.0 million, +30% compared to 9M 2022 pro forma (+56% reported) o Sports Franchise at Euro 277.4 million, +10% compared to 9M 2022
Adjusted EBITDA4 equal to Euro 426.4 million, +15% compared to the same pro forma period of 2022 (+25% reported) Operating cash flow5 equal to Euro 344.7 million. Net financial debt of Euro 1,248.1 million equal to 2.2x LTM run rate Adjusted EBITDA.
Guidance for the 2023 financial year confirmed: revenues at Euro 1,630 – 1,690 million, Adjusted EBITDA at Euro 570 – 590 million7, (approximately 50% of the Adjusted EBITDA contributed by the Online operating sector), approximately Euro 65 million for recurring investments , approximately Euro 45 million for concessions, approximately Euro 30 million one-off for growth and approximately Euro 35 million for potential deferred payments.
Guglielmo Angelozzi, CEO of Lottomatica Group, commented: “In this third quarter we strengthened our leadership position and our Online business continued to grow in market share in all product segments and for all brands. first nine months we recorded Euro 426 million of EBITDA, up 15% compared to the previous year. We therefore confirm our guidance for 2023 and our strategy of growth organically and through M&A.”