Lottomatica has maintained a strong financial performance in FY25, breezing past its results from last year and recording a total of €2.3bn in revenue, up 12% from FY24 (€2bn).
Divided by segment, online was the biggest revenue driver and where the Italian gambling giant saw the most growth, recording an increase of 22% year-on-year for a total of €955m (FY24: €780m).
Its gaming franchise revenue came in second at €774m, marginally going up by 1% YoY (FY24: €764m). This segment included €8.2m in revenue generated by Cristaltec Group, which was acquired by Lottomatica at the start of 2025.
Meanwhile Lottomatica’s sports franchise recorded the lowest revenue, but the second highest growth rate, up 14% YoY for a total of €527m (FY24: €461m).
During 2025, betting volume amounted to a total of €45bn, up 14% from the year prior (€39bn). Online was again leading, with total bets growing by 22% for a total of €30bn (€25bn).
Bets on sports amounted to €4bn, up 9% YoY (€3.6bn), while bets placed via Lottomatica’s gaming division fell by 1% YoY to €11bn (€11.1bn).
Adjusted EBITDA went up 21% against previous year comparisons, for a total of €856m with a margin of 38% (€707mn, 35.3% margin).
A growing market share
The 2024 acquisition of SKS365 Malta Holdings Ltd, now PWO, has now been successfully integrated, with Lottomatica reporting €87m of synergies implemented – exceeding forecasts of €65m – and PWO being back on track to sustainable growth.
Group accounts detailed that Lottomattica’s current cash position stands at €657m, up from €556m reported in FY24. However, speculation is continuing to grow that Lottomatica’s leadership will continue to pursue further M&A activity in a bid to enhance its market share in Italy’s online gambling sector.
In fact, Lottomatica recently revealed that it will be renewing its concession over Lotto Italia until 2038, with infrastructure support by Brightstar Lottery, winning over its main contender – Flutter’s SISAL.
Furthermore, Lottomatica was also granted a nine-year licence to operate under the newly-reformed Italy regime, with the market expanding even more.
Guidance for FY26 expects revenue of between €2.4bn and €2.5bn, coupled with Adjusted EBITDA of between €940m and €980m, assuming sports betting payout of 80.5% for retail and 85.5% for online.
Guglielmo Angelozzi, Chief Executive Officer of Lottomatica Group, remains confident that the company is well positioned to deliver more value as it sets itself for growth in a new Italian gambling regime under a nine-year license.
He concluded: “Looking ahead, 2026 will be a year of further consolidation and evolution, we will continue our strategy of organic growth and targeted bolt-ons, further enhance our product and technology capabilities and invest in brand development and in the expansion and efficiency of our retail network, always aiming for the highest levels of reliability and security in our offering.
“In light of our strong cash flow generation in 2026 and a solid balance sheet, we requested the authorisation to buy back up an additional 12.5% of the share capital for capital returns, which will continue to compete for excess cash with M&A and other capital allocation opportunities, with a view to maximise shareholder returns.”