Lottomatica Posts €585.7m Revenue in Q1 2025

Online Revenue Surpasses Previous Year’s Entire Q1 Turnover

The group’s online operations generated €239.8m in revenue for the first quarter, representing a 59.5% increase compared to Q1 2024. That figure alone slightly exceeded Lottomatica’s total company-wide revenue from the same period last year.

Lottomatica’s gaming franchise segment remained stable year-on-year at €195.5m, while the sports franchise segment posted a 59.4% jump to €150.4m.

Adjusted EBITDA rose to €220.5m for the quarter, up 47.5% from €149.5m in Q1 2024. The EBITDA margin improved from 34% to 37.6%. Operating cash flow increased to €184.4m, compared to €110.1m in the previous year. Net financial debt decreased slightly to €1.80bn, down from €1.87bn.

The company also reported adjusted net income of €94.7m, up from €49.7m a year earlier.

CEO Confirms Share Buyback Programme and Refinancing Success

Lottomatica CEO Guglielmo Angelozzi said the company had begun the year with strong momentum:

“We have started the year on an excellent note, recording our best-ever first quarter results and paving the way for a successful 2025. The integration of PWO is progressing well and we have identified additional synergies. Market trends support our organic growth path and we feel confident about the strength of our business, also in the current macroeconomic environment.”

Angelozzi also confirmed that the company had completed €1.1bn in refinancing, which he said had led to “significant interest savings.”

“Finally, based on our strong balance sheet and cash flow generation, we will launch, for up to 18 months, a share buyback programme for up to €500m, which will continue to compete for capital allocation with other opportunities, including M&A, with the aim of maximising shareholder returns.”

Shares in Lottomatica rose 0.5% to €20.96 on 7 May, following the announcement of the Q1 results.