Lottomatica reported a 3% year-on-year increase in Q1 2026 revenue, driven by strong online growth that helped offset softer performance in sports betting and flat results in gaming.
In other segments of the business, the results were less impressive. Gaming revenue remained flat at €195.1m, while betting volume declined 1%.
Sports betting revenue declined by 5% due to less favourable payout conditions, producing revenues of €142.4 million, but, despite this, turnover grew by 12% over the same period to €1.18 billion.
With stable operating costs combined with higher revenues, pre-tax profit increased by 30% to €101.2 million.
Net profit after €31.8 million of taxes came in at €69.3 million, an increase of 35% compared to the prior year. After accounting for non-controlling interests, bottom-line net profit came to €66.5 million, an increase of 32% from Q1 2025.
Adjusted EBITDA for the period increased by 7% to €235.5 million, mainly due to continued growth from the online business. Based on this strong start to the year, Lottomatica is now estimating full-year 2023 adjusted EBITDA to be near the upper end of the previously announced guidance of €940 million to €980 million.
Lottomatica Chairman and CEO Guglielmo Angelozzi said:
In Q1, we continued to see strong momentum of our addressable markets, supporting a double-digit growth year-on-year in adjusted EBITDA of +22%, on a normalised basis.
In addition, the company announced a new common stock buyback programme equal to 12.5% of its shares, with a maximum return of €1 billion to be completed between 2026 and 2027 for its shareholders.
