Lottomatica enjoys solid FY 2024 financial results

The globally recognized Italy-based betting and gaming company, Lottomatica Group SpA, released its latest financial report, highlighting strong growth in 2024.

On Tuesday, the company released its FY2024 financial update, uncovering details regarding its performance for the year ended December 31, 2024.

The company's recent financial report reveals significant growth in revenue, bets

Notably, Lottomatica recorded significant growth in terms of revenue and total bets throughout the year.

Per the recent financial update, the company's revenue in 2024 soared by 23% year-over-year to €2bn.

A breakdown of the reported revenue points to a significant growth in Lottomatica's online segment.

In total, the company reported €780.2m in online revenue, a result that signals a 50% increase year-over-year when compared to the corresponding period in 2023.

What's more, Lottomatica's sports franchise business also saw exceptional results, hitting €460.8m in revenue in 2024.

A comparison of the sports franchise revenue to FY 2023 shows that last year, the revenue increased by 25%.

Lottomatica's gaming franchise revenue also recorded an uptick, increasing by 3% year-over-year to €763.7m in 2024.

In total, the company reported €39.2bn in bets throughout 2024, a figure that shows a 30% growth when compared to the result from 2023.

Breakdown shows that Lottomatica's online bets soared by 51% year-over-year to €24.5bn. This segment helped drive the success in terms of revenue too.

Sports franchise bets in 2024 increased by 27% to €3.6bn, while gaming bets were flat at nearly €11.1bn.

2024 was an outstanding year for Lottomatica

Guglielmo Angelozzi, Lottomatica Group's Chief Executive Officer, shared his excitement about the latest results, recognizing 2024 as an outstanding year for the Group.

"We exceeded expectations set at the beginning of the year and subsequent upgrades, with revenues of €2,045m and Adjusted EBITDA of €739m at normalized payout, +24% compared to FY 2023," he explained.

Angelozzi added: "We continued to grow both organically and through M&A, with the acquisition of PWO and executing our bolt-on strategy."

Focusing on FY 2025, Lottomatica confirmed guidance in terms of revenue between €2.32bn and €2.37bn.

Adjusted EBITDA for the period is expected to be in the range of €840m to €870m.

On that topic, the Chief Executive Officer said: "Our objectives for 2025 are to strengthen our leadership position in all segments through product and technology innovation, further develop the omnichannel model while managing efficiently the retail to online transition that is occurring in the market."

Finally, Angelozzi, said that the Group remains dedicated to growth and maximizing the returns for shareholders.

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