Lottomatica reports financial results for Q3 2023

Lottomatica reports financial results for Q3 2023

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Lottomatica reports financial results for Q3 2023

Lottomatica’s latest financial report covers the company’s performance in the third quarter and the first nine months of the year.

The report started off by covering the company’s gross revenue, which surpassed 2.8 billion euros in the first nine months of the year, growing by 7% when compared to the operator’s performance in the same period last year. This led to a 12% increase in the firm’s net revenue, which was recorded at just under 1.2 billion euros in the period, while Lottomatica’s adjusted EBITDA grew by 15% in the nine months to 426 million euros.

Broken down by operating segments, the company’s gaming offerings generated the most revenue at 543.5 million euros, growing slightly year-over-year from last year’s 525 million euros. The firm’s online operations were next, generating 374 million euros, while its sports offerings made 277 million euros in revenue.

In contrast to Lottomatica’s revenue breakdown, the company’s online operations had the most bets at 11.5 million euros. Its gaming and sports offerings followed, recording a turnover of 8.1 million and 2 million euros in the period respectively. The company’s total turnover added up to just over 21.7 million euros this year, up by almost 20% from last year’s 18.2 million euros.

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