Lottomatica Group has achieved a record high in Italian online gambling market share, reaching 30%.
The announcement led the Milan Borsa-listed group’s Q3 trading update, as Lottomatica targets full-year revenues of €2BN and adjusted EBITDA between €700M and €730M.
Year-to-date, Lottomatica’s revenues are €1.42BN, marking a 19% increase over the 2023 comparable figure of €1.2BN.
Since May, group accounts now reflect the integration of SKS365, helping Lottomatica achieve a peak betting volume of €27.7BN, with approximately 62% (€17.1BN) generated online.
In the online segment, Lottomatica brought in €543M, a 52% year-over-year increase at normalised payout, helping to capture circa 30% of the total Italian online market share.
Adjusted EBITDA for the period reached €483M, up 25% year-over-year at normalised payout, while adjusted net profit for the first nine months of 2024 was €160M.
Lottomatica’s net financial debt stands at €1,900.9M, equivalent to 2.6 times the last twelve months’ run rate adjusted EBITDA.
Synergies from the SKS365 integration have exceeded expectations, with Leadership announcing that it would raise corporate targets from €65M to €75M, and about 50% of these synergies already achieved.
In the iSports sector, Lottomatica’s market share hit 31.5%, a gain of 1.5 percentage points from the previous year. In Italian iGaming, Lottomatica’s market share rose to 29.7%, showing a 1.5 percentage point increase year-over-year.
With strong growth in online revenues and a successful integration of SKS365, Lottomatica is cementing its position as a leader in the Italian legal gaming market, aiming for further expansion and dominance in the coming fiscal year.
Guglielmo Angelozzi, Chief Executive Officer of Lottomatica Group, commented: “We are very pleased with the progress achieved so far this year. Our business has experienced double-digit growth, and in Q3 our online market share reached an all-time high across all verticals. The integration with SKS is advancing at a fast pace, and we upgraded the level of synergies we expect to extract.”