Lottomatica Group SpA Showcases Strong Financial Growth in 2024

The Italian betting and gaming powerhouse, Lottomatica Group SpA, has unveiled its latest financial report, showcasing robust growth for the year 2024.

On Tuesday, the company provided an update on its financial performance for the fiscal year that concluded on December 31, 2024.

Analysis of the Company’s Recent Financial Success

In a remarkable achievement, Lottomatica demonstrated substantial increases in both revenue and total bets over the course of the year.

The recent financial update indicates that the company’s revenue in 2024 surged by 23% year-over-year, reaching an impressive EUR 2 billion.

• Online Revenue: EUR 780.2 million, a significant 50% rise compared to 2023.
• Sports Franchise Revenue: EUR 460.8 million, a 25% increase from the previous year.
• Gaming Franchise Revenue: 3% growth, totaling EUR 763.7 million.

In total, the company reported EUR 39.2 billion in bets throughout 2024, reflecting a substantial 30% growth compared to the previous year’s results.

• Online Bets: 51% year-over-year increase to EUR 24.5 billion.
• Sports Franchise Bets: Increased by 27% to EUR 3.6 billion.
• Gaming Bets: Remained steady at nearly EUR 11.1 billion.

A Remarkable Year for Lottomatica in 2024

Guglielmo Angelozzi, the Chief Executive Officer of Lottomatica Group, expressed his enthusiasm for the recent achievements, acknowledging 2024 as an exceptional year for the Group. He stated, “We surpassed the expectations set at the beginning of the year and subsequent upgrades, achieving revenues of EUR 2,045 million and Adjusted EBITDA of EUR 739 million at normalized payout, which is a 24% increase compared to FY 2023.”

Angelozzi further elaborated, “We continued to grow both organically and through mergers and acquisitions, including the acquisition of PWO, while executing our bolt-on strategy.”

Looking ahead to FY 2025, Lottomatica has set its revenue guidance between EUR 2.32 billion and EUR 2.37 billion. The Adjusted EBITDA for this period is projected to range from EUR 840 million to EUR 870 million.

Addressing the future, the Chief Executive Officer remarked, “Our goals for 2025 include strengthening our leadership position across all segments through product and technology innovation, further developing the omnichannel model, and efficiently managing the retail to online transition occurring in the market.”

In conclusion, Angelozzi emphasized that the Group remains committed to growth and maximizing shareholder returns.