Vive La France: FDJ Revenue Up, Again, in Q3

Powered by sports betting and core growth, La Française des Jeux (FDJ), operator of France’s national lottery games, has reported a 5.1 per cent, year-on-year, rise in its Q3 revenue.

FDJ, also reputedly the fourth largest lotto operator in the world—its name in English translates as “The French Company of Games”—has experienced a surge across all its verticals, the company reports.

Its revenue for the three months, ending 30 September, totalled €529m (£446m/US$562.7m), up from €504m (£425m/US$583.7m) in Q3 last year.

Wagers in the period valued €4.54 billion (£3.83bn/US$5.26bn), up 3.6 per cent year-on-year.

The company, well known as sponsor of the elite FDJ cycling team, said its revenue from sports betting in the quarter was up seven per cent, although it did not release substantiating figures.

FDJ Chief Executive and Chair Stéphane Pallez said: “The good recovery in our business seen in the second quarter has continued, both online and in our point-of-sale network.

“We are confident that we will achieve our full-year objectives and we have faith in our sustainable growth strategy, which combines financial performance and a commitment to responsible gaming.”

Stakes across most of its distribution channels were up in Q3, reported FDJ.

Across-the-counter stakes, for example, grew by two per cent to just over €4 billion (£3.37bn/US$4.63bn); while online wagers leaped 20 per cent to nearly €500 million (£421.6m/US$579.11m). Winning punters took home €3.1 billion in the quarter (£2.6bn/US$3.6bn).

Overall revenue at FDJ for the nine months ending September reached  €1.61 billion (£1.36bn/US$1.86bn), a year-on-year increase of over seven per cent. Stakes during this period grew almost nine per cent to €13.7 billion (£11.55bn/US$15.87bn).

FDJ said it expects to achieve full-year revenue of €2.2 billion (£1.85bn/US$2.55bn) on projected stakes of around €19 billion (£16.02bn/US$22bn).

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