Banijay Group (formerly FL Entertainment) has reported a 8.9% revenue rise to €3,125m.

Adjusted EBITDA up +15.3% to €546m, Adjusted EBITDA margin of 17.5% up 100bp vs 9M 202. Adjusted net income up +14.3% at current currencies to €248m, net income at €56m (€21m in 9M 2023.

Adjusted free cash flow conversion of 80% (vs 83% in 9M 2023). Strong liquidity position of €439m and 3.2x leverage ratio (3.1x as at December 2023).

Online sports betting & gaming: Revenue up +44.0% to €1,040m in 9M 2024: robust growth of +48.8% in Q3 fueled by a busy sports calendar and enriched user experience with the successful release of a new version of the Betclic app

Market share gains across all products and all geographies, with +39% increase in Unique Active Players versus 9M 2023.

François Riahi, CEO of Banijay Group, said: “Banijay Group continued its strong performance with high single-digit revenue and double-digit earnings growth for the first nine months of 2024. The demand for quality entertainment remains strong and growing.