Lottomatica Group, the leading Italian operator in the legal gaming market, has announced results for the first quarter of 2025, reporting continued growth across all market segments.

The Group, moreover, has upgraded the total target synergies derived from the integration with PWO (formerly known as SKS365), bringing them to €87 million by 2026.

Bets were up to €11.2 billion,+28% compared to Q1 2024. Gross Gaming Revenues of €1,224.4 million, +21% compared to Q1 2024. Revenues of €585.7 million, +33% compared to Q1 2024 (+21% at normalised payout)

Adjusted EBITDA of €220.5 million, +47% compared to Q1 2024 (+18% at normalised payout). Guidance for FY 2025 confirmed at €2,320 – 2,370 million of revenues and adjusted EBITDA of €840 – 870 million. Buyback program to start in June 2025, with up to €500 million over the next 18 months.

Guglielmo Angelozzi, Chief Executive Officer of Lottomatica Group, commented: “We are off to a great start of the year, registering our best Q1 results ever and paving the way for a successful 2025. The integration of PWO proceeds at speed and additional synergies have been identified.

Market trends support our organic growth path and we feel confident in the strength of our business, even against the current macroeconomic environment. Also, we have successfully completed the refinancing for an amount of €1,100 million, resulting in material interest savings. Finally, in light of our strong balance sheet and cash flow generation, we will start the buyback programme of up to €500 million in the next 18 months, which will continue to compete with M&A and other capital allocation opportunities, with a view to maximise shareholder returns.”