CIRSA’s online division delivered a 22.4% year-on-year (YoY) increase in revenue to €169m (£145m) for the second quarter, which the Spanish operator attributed to improvements in customer acquisition and engagement.
Turnover for online sports betting rose by 10.8% YoY for the period, while the same figure for casino jumped 28.4%. Online EBITDA for the quarter slid by 1.1% to €30.7m.
The online gaming and betting division made up 12.8% of the Spanish giant’s overall net operating revenues for Q2. The total number of CIRSA’s unique online customers now stands at 1.7 million.
CEO Antonio Hostench pointed to the online business as a major driver of future growth. “Online is not only growing at a very attractive pace, but it’s also moving rapidly towards our 20%-plus EBITDA margin target,” he said. “This gives us strong confidence in the long-term revenue, EBITDA and margin potential of the segment.”
- Group revenue increased 10.1% YoY to €637m
- Group adjusted net profit jumped 55% to €75m
- Net revenue for the online arm grew by 12.2%
The group as a whole recorded net profit of €1.26bn for the first half of 2026, representing a 9.1% increase. EBITDA rose 8.4% to €396m compared to the same period in 2025.
CIRSA’s Latam business experienced 12.1% revenue growth, while Spain delivered a 7.7% YoY increase.
Management said CIRSA is on track to deliver at least the high end of its 2026 guidance. The company said organic growth of about 7% is above the level it discussed during its IPO process and that it expects to remain around or slightly above that pace.
The company also outlined continued M&A plans. Bosses suggested further, possibly larger M&A activity to come in 2026, on top of the recently announced Slots del Sol and Casino Figueira deals.
Executive chairman Joaquim Agut said: “We will continue with our bolt-on accretive acquisitions, and we are ready for another, more sizeable M&A.
“Our sound capital structure supports further M&A, enhancing growth beyond current long term guidance.”
Hostench reiterated CIRSA’s ambition to be market leaders in the Spanish-speaking world, and that M&A activity would be focused in this area.
The execs said the business had allocated €500m for M&A covering the three years from 2026-2028, with plans to spend between €150m and €250m each year.
The post CIRSA online revenue climbs 22.4% as operator eyes further M&A first appeared on EGR Intel.
Execs say results give them “strong confidence” in the potential of the segment, while signalling scope for more acquisitions following recent moves in Paraguay and Portugal
The post CIRSA online revenue climbs 22.4% as operator eyes further M&A first appeared on EGR Intel.