Winvia Entertainment has reported revenue of £170.3m for 2025, marking a massive 347% spike when compared to the previous year, as the newly listed firm’s M&A push bore fruit.
The company, which also runs online casino brands in Romania, has snapped up a series of prize draw operators in the UK as it looks to take advantage of the “fragmented” market.
Revenue from the prize draw competitions arm increased 39.9% year on year (YoY) to £40.3m “on the back of increasing investment in the number of weekly competitions, prizes and marketing expenditure”.
Growth was aided by the firm’s acquisition of Click Competitions in May 2025 and Best of the Best in 2023.
Revenue from Winvia’s Romania-facing online gaming arm spiked from £9.3m in 2024 to £130m in 2025.
This was in part owed to “investment in its own casino brands, growth in its white label brands and introduction of the B2B offering, the resulting growth in active customers and new user registrations”.
The firm also saw a large increase in adjusted EBITDA during the year, with the figure shooting up 372.7% to £31.2m.
Winvia saw significant growth in active, new and first time players across its prize draw segment.
The number of active customers increased 94% YoY to 1.7 million, new user registrations rose 74% YoY to 1.5 million, while the number of first time players went up 113% to 1.2 million.
For online gaming, active customers in 2025 rose 10% YoY to 1.5 million, new user registrations increased 12% to 2 million, although first time depositors remained flat YoY at 0.4 million.
The report marks Winvia’s first set of financial results since the business completed its initial public offering (IPO) in November 2025.
The process saw Winvia raise £40m, leaving the operator with a valuation of £205m.
Mihai Manoila, Winvia CEO, said: “2025 has been a transformational year for Winvia, marked by strong execution, further scale and the demonstration of our agility, delivering on opportunities that capture further revenue in a growing market.
“We have driven significant revenue and EBITDA growth, expanded our customer base across both prize draw competitions and online gaming, and demonstrated the power of our proprietary technology platform to deliver scalable, high-margin growth. Additionally, we have seen early success in our subscription model.
“We have carried this strong momentum into 2026, which gives us confidence in our ability to further increase recurring revenues and market share. With a robust balance sheet, a clear consolidation opportunity in the fragmented UK prize draw market, and continued investment in technology and AI, we are well positioned to deliver sustainable long-term value for shareholders.”
In January, Winvia announced the appointment of Simon Hay as the company’s new CFO after former incumbent David Perry informed the board of his intention to step down from the role.
M&A move
In addition to the financial results, Winvia also announced it has entered into an asset purchase agreement (APA) with the owners of prize draw firm Rev Comps.
Winvia is set to pay £11.8m in cash in three installments to complete the deal.
The first installment of 45% will be paid upon completion of the deal, with the second installment of 34% paid subject to final determination of Rev Comp’s audited accounts for the year ending 31 May 2026.
The final installment, worth 21% of the total figure, will be transferred on the second anniversary of the deal’s completion.
Winvia has said that it expects the agreement to be completed by 1 July 2026.
The acquisition will be funded by Winvia’s existing cash resources and is “expected to be earnings enhancing in the first full financial year following completion”.
Rev Comps owners Robert, Peter and Amy Savage may also be entitled to earnout payments based on achieved adjusted profit before tax growth of the business across the two financial years ending 31 December 2027 and 31 December 2028.
Key members of Rev Comps management are expected to be retained as employees within the business.
The business generated revenue of more than £80m and pre-tax profit of around £2.1m in the year ending 31 May 2025.
Regarding the acquisition, Manoila added: “The acquisition of Rev Comps represents another important step in delivering our strategy. Rev Comps is a high‑quality business with a strong customer base and brand presence, and we believe that integrating the platform onto Winvia’s proprietary technology will significantly enhance performance.
“The acquisition further strengthens Winvia’s position as a consolidator in the UK prize draw market and supports the group’s ambition to deliver sustainable, cash‑generative growth for shareholders.
“The group continues to engage with a number of exciting potential acquisition targets in the UK prize draw sector.”
The voluntary code of conduct for prize draw operators in the UK is due to come into effect on Wednesday, 20 May.
The post Winvia Entertainment’s M&A push delivers £170m in full-year 2025 revenue first appeared on EGR Intel.
Prize draw operator reports 347% year on year surge for 2025 in first results since completing IPO in November and announces acquisition of Rev Comps
The post Winvia Entertainment’s M&A push delivers £170m in full-year 2025 revenue first appeared on EGR Intel.