Allwyn Reports 6% Revenue Growth in Q1 2025
Allwyn International posted €2.24 billion in total revenue for Q1 2025, marking a 6% year-on-year increase driven by digital growth and international expansion. Adjusted EBITDA rose 1% to €362.3 million, despite transitional costs related to structural changes.
Solid Financial Performance to Start the Year
In the first quarter of 2025, Allwyn recorded a 6% increase in total revenue, reaching €2,243 million, with gross gaming revenue (GGR) growing 7% year-on-year to €2,151 million. Net revenue was up 5%, totaling €1,009 million. Although operating EBITDA saw a slight decline of 1%, adjusted EBITDA grew 1% to €362.3 million. The company noted that this performance includes the final contribution from the previous UK National Lottery licence.
CEO Robert Chvátal highlighted continued success in Austria, Greece, and Cyprus, with additional support from equity method investees. The quarter also saw notable jackpot wins, including a €250 million EuroMillions prize in Austria and the largest-ever Tzoker jackpot in Greece. The launch of Eurojackpot Extra contributed to increased engagement in the Greek market.
LottoItalia Licence Win and German Market Entry
A major post-quarter development was LottoItalia’s success in securing a new nine-year licence to operate the Italian Lotto. Allwyn, as part of the winning consortium, aims to continue supporting responsible play in one of Europe’s largest lottery markets. The company also acquired a minority stake in Next Lotto, an online reseller of lottery games in Germany, expanding its reach in the digital draw-based segment.
Allwyn undertook significant financing activities during the quarter, including the repricing and upsizing of its USD Term Loan B facility and launching its first EUR Term Loan B transaction. These moves are expected to reduce funding costs and diversify capital sources. As of March 31, 2025, the company’s net debt to adjusted EBITDA ratio stood at 2.0x.
Outlook for the Remainder of 2025
With momentum from a strong 2024 carrying into the new year, Allwyn is optimistic about continued progress in 2025. The company remains focused on enhancing the player experience, expanding geographically, and supporting responsible gaming across its markets.