Lottomatica Group has recorded H1 2025 revenue of €1.1bn (£975m), with the operator’s online division contributing significantly to the 21% year-on-year (YoY) overall increase.
The company’s online operations generated €463.3m in revenue for the reporting period, marking a 37% leap YoY compared to H1 2024. Of the total, €223.4m was accumulated during a strong Q2 showing, representing a 19% rise against last year’s second quarter.
In the first half of the year, all Lottomatica-owned brands reported online market share growth, based on data from the Italian Customs and Monopolies Agency (ADM). There were also notable contributions from the recently acquired SKS365, since rebranded to PWO, alongside what bosses described as a “favourable” sports betting payout.
Lottomatica completed the €639m purchase of SKS365 in April 2024. This latest update reveals that since then, 85% of total planned synergies have been realised, while platform migration for both online and retail has been completed and all integration activities linked to the acquisition are expected to be finalised by the end of the year.
Lottomatica’s total online market share now sits at 30.5% as of Q2 2025, a marginal uptick of 1.4 percentage points against the corresponding period last year.
The company’s online gross gaming revenue (GGR) growth continues to outpace the chasing pack within the Italian market. In Q2, Lottomatica posted online GGR growth of 16%, compared to 9% for the overall market.
In the six months ending 30 June, total stakes came in at €21.8bn, jumping 21% YoY, while online stakes came to €14.4bn, up 34% against last year.
GGR for the reporting period was recorded at €2.4bn, representing growth of 13% against the first half of last year.
The operator’s land-based efforts showed that retail sports betting revenue totalled €279.3m, a climb of 31% YoY, while retail gaming revenue generated €386.4m, a slight increase of 2% against H1 2024’s figures.
Adjusted EBITDA for the first half of the year followed a similar trajectory to group revenue, rising 33% YoY to €422.4m, alongside a corresponding margin of 37.4%.
The Milan-listed group posted operating cash flows of €344.3m, a steep increase when pitted against the €228m recorded in H1 2024.
The company also provided an update on the share buyback programme that began in mid-June, noting that 1.3 million shares have already been acquired thus far, which is equivalent to 0.53% of the share capital.
Following release of the results, the operator confirmed its financial guidance for FY 2025, with revenue expected to amount somewhere between €2.32bn and €2.37bn.
Adjusted EBITDA is anticipated to come in between €840m to €870m.
Guglielmo Angelozzi, Lottomatica Group chairman and CEO, said: “In the second quarter of 2025 we have continued our solid path of double-digit organic growth for revenues and EBITDA, supported by solid market tailwinds.
“We have completed the migration of PWO onto our proprietary tech platform, thereby positioning Planetwin to fully leverage our capabilities to capture market growth.
“Finally, in June we have started the buyback programme, which will continue to compete with M&A and other capital allocation opportunities, with a view to maximise shareholder returns.”
Despite the positive results, Lottomatica’s share price has suffered a marginal slump of nearly 1% in early trading, with stock currently valued at €24.45 per share.
The post Lottomatica H1 revenue surpasses €1bn as online market dominance continues first appeared on EGR Intel.
Italian operator sees GGR returns outpace the rest of the market in its home country, with growth for all online brands for the first half of 2025
The post Lottomatica H1 revenue surpasses €1bn as online market dominance continues first appeared on EGR Intel.