Lottomatica Group reported a solid third quarter 2025, with revenues of €511 million, a 16% increase over the previous year.

Adjusted EBITDA for the quarter increased 18% to €195 million, contributing to a strong performance for the first nine months of the year.

Total wagers reached €32.5 billion, up 17% compared to the first nine months of 2024, driven by the online segment, which grew by 26%. Gross Gaming Revenue (GGR) reached €3,453.8 million, up 10% year-over-year, with an online market share of 30.8% in the third quarter.

Revenues reached €1,640.1 million, up 16% (up 11% at normalized payout), with €688.9 million contributed by the online channel (+27%) and €381.7 million by the Sports Franchise division (+22%).

Adjusted EBITDA reached €617.3 million, up 28% compared to 2024, while adjusted net profit stood at €257.4 million. Net financial debt amounted to €1,856.3 million, corresponding to 2.1 times adjusted EBITDA on an annual basis.

Regarding its share buyback program, Lottomatica announced that it purchased 5,066,713 shares.

Having completed the PWO platform migration ahead of schedule, Lottomatica expects full-year revenues of approximately €2.27 billion and adjusted EBITDA of approximately €860 million, assuming a normalized payout in the fourth quarter.

“The third quarter of 2025 delivered solid operational and financial performance, with EBITDA growth of +18% and online market share reaching record levels in September,” commented Guglielmo Angelozzi, Chairman and CEO of Lottomatica Group.

“We have completed the migration of PWO, which is now fully operational on our Group’s proprietary platform, and accelerated the realization of synergies. Looking ahead, we continue to see solid growth drivers supported by favorable online market dynamics, continued improvement in cash flow conversion and growth, and a disciplined approach to capital allocation focused on shareholder returns.”