FL Entertainment sees revenue reach €2,866m in Q3

Finance News

Amsterdam-listed FL Entertainment has reported a 7.5 per cent increase in revenue at constant currencies to €2,866m in 9 months of 2023 (+5.6% reported) with +6.6% in Q3 2023.

Adjusted EBITDA up +8.1% at constant currencies to €473m (+6.9% reported). Strong performance across all segments.Continued strong momentum in Unique Active Players, with +34% increase versus 9M 2022.

François Riahi, CEO of FL Entertainment, said: “We delivered solid results in the first nine months of 2023, with top line growth and profitability reflecting the strengths of our entertainment businesses. 

In Content production & distribution, we saw sustained demand from both linear broadcasters and streaming platforms, where the strength of our iconic ‘superbrands’ and our ability to produce successful formats in multiple countries is driving repeat and recurring revenues, while also enriching our content catalogue.

In October, we invested in Hyphenate Media Group to support the production of premium, inclusive content for the Americas and most recently acquired a majority stake in The Forge, one of the UK’s most highly-regarded drama producers.

In Online sports betting & gaming, we maintained strong, double-digit growth across all activities. Our continued focus on growing and retaining Unique Active Players, was supported by the successful launch of a highly rated new App that enhances our product offer and user experience. Betclic has also become the first player to achieve the GamCare Safer Gambling certification outside the UK, demonstrating our total commitment to responsible gaming.