FDJ UNITED, a leader in betting and gaming in Europe, announces its 2025 results and its 2026 outlook.

The company’s revenue for the period rose 20.0% to EUR3.678 billion from EUR3.065 billion last year. In 2025, compared with 2024 reported figures, gross gaming revenue (GGR) and revenue increased by 14% and 20% respectively.

Compared with the restated 2024 figures, GGR was up +1% to €8,706m, but revenue fell -3% to €3,678m, taking into account increases in gaming taxes of more than €50m. Recurring EBITDA came to €902m, giving a margin of 24.5%.

Free cash flow was a record €782m, representing a conversion rate of recurring EBITDA into cash of 87%, and net financial debt decreased by nearly €100m to €1,721m.

Stéphane Pallez, Chairwoman and Chief Executive Officer of FDJ UNITED, said: “In 2025, FDJ UNITED demonstrated the strength of its model and continued its transformation, in an environment affected by tax increases and tighter regulations on gaming. With a strengthened performance plan and a new organization of its online betting and gaming business unit, the Group will continue to improve its operational efficiency to return to its profitable and sustainable growth path by 2026.”