Lottomatica Group S.p.A. has released its financial results for the fourth quarter and full year 2024, reporting record-breaking performance across key business segments. The company exceeded its adjusted EBITDA guidance, strengthened its market position, and announced plans for capital returns, including a proposed dividend and a share buyback authorization.
The Board of Directors has approved the company’s Consolidated Financial Statements, which include the Sustainability Statement and the parent company’s financial results for the year ending December 31, 2024.Lottomatica reported total bets of €39.2 billion, reflecting a 30% year-over-year (YoY) increase, with online bets growing by 51% YoY.
Total revenue for the year reached €2 billion, marking a 23% YoY increase, or 24% on a normalized payout basis. The fourth quarter alone generated €587.3 million, up 34% compared to Q4 2023.
Key business segments performed as follows:
- Online gaming revenue: €780.2 million (+50% YoY), with Q4 revenue of €236.6 million (+61% YoY)
- Sports franchise revenue: €460.8 million (+25% YoY), with Q4 revenue of €147.5 million (+63% YoY)
- Gaming franchise revenue: €763.7 million (+3% YoY), with Q4 revenue of €203.2 million (+2% YoY)
Lottomatica’s adjusted EBITDA (normalized) reached €739.4 million, exceeding the upgraded guidance range of €700–730 million. Operating cash flow stood at €556.8 million, while adjusted net profit totaled €254.3 million.
Market share also saw continued growth, reaching an all-time high in Q4:
- Total online market share: 30.9% (+1.0 percentage point vs. Q3 2024)
- iSports market share: 32.3% (+0.8 p.p. vs. Q3 2024)
- iGaming market share: 30.6% (+0.9 p.p. vs. Q3 2024)
The company has reported a strong start to 2025, with February year-to-date (YTD) gross gaming revenue (GGR) growing by 72% in online gaming and 79% in sports franchise YoY. Gaming franchise GGR declined 6% YoY.
For FY 2025, Lottomatica has set revenue guidance between €2.32 billion and €2.37 billion, with adjusted EBITDA projected at €840–870 million. The company also anticipates €85 million in recurring capital expenditures and €105 million in concession-related investments, including payments for online licenses and gaming machine concessions.Lottomatica has proposed a dividend of €0.30 per share, totaling approximately €75 million, subject to approval at the upcoming Annual General Meeting (AGM).
Additionally, the company has requested authorization to repurchase up to 10% of its share capital over the next 18 months. If approved, Lottomatica has confirmed that no shares will be repurchased from Gamma Intermediate.
With strong financial performance in 2024 and an ambitious outlook for 2025, Lottomatica continues to strengthen its position in the regulated igaming market, focusing on growth, operational efficiency, and shareholder value creation.
Guglielmo Angelozzi, Chief Executive Officer of Lottomatica Group, commented: “2024 marked an outstanding year for our Group, in which we consolidated our leadership position across all segments and brands. We exceeded expectations set at the beginning of the year and subsequent upgrades, with revenues of Euro 2,045 million and Adjusted EBITDA of Euro 739 million at normalised payout (Euro 707 million actual), +24% compared to FY 2023. We continued to grow both organically and through M&A, with the acquisition of PWO and executing our bolt-on strategy.
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.
In light of our strong balance sheet and cash flow generation, we requested the authorization for a buyback in order to have an additional tool readily available for capital returns, which will compete for excess cash with M&A and other capital allocation opportunities, with a view to maximise shareholder returns.”
