Lottomatica posts 13% online revenue growth as retail franchises dip
Lottomatica reported €1.72 billion revenue for the nine months to 30 September 2026, with online up 13%, ahead of CIRSA merger shareholder votes in November.
Lottomatica Group S.p.A. reported revenues of €1.72 billion for the nine months to 30 September 2026, up 5% year on year, as its online segment grew 13% to €780.8 million, according to results published on 3 November. Third-quarter revenues rose 5% to €537 million, with online revenues up 13% to €256 million in the quarter.
The Sports Franchise, the group’s retail betting business, posted nine-month revenues of €376.7 million, down 1%, which Lottomatica attributed mainly to a less favourable sports betting payout than a year earlier. Gaming Franchise revenues fell 2% to €560.3 million. Bets rose 8% to €35.2 billion over the nine months, with online bets up 12%. Gross gaming revenue grew 2% to €3,516 million.
In the third quarter, Lottomatica’s total online market share reached 31.7%, up 0.9 percentage points on the third quarter of 2025, while its share of online sports betting rose 2.1 points to 34.8% and its iGaming share rose 0.6 points to 31.2%. Adjusted EBITDA increased 8% to €665.5 million, lifting the margin to 38.7% from 37.6%. At a normalised sports betting payout, adjusted EBITDA was €715.1 million, up 19%. Net profit for the nine months was €155.3 million, compared with €98.3 million a year earlier. Net financial debt stood at €2,164 million at 30 September, up from €2,105 million at the end of 2025, equivalent to net leverage of 2.4 times. The group confirmed its 2026 guidance, with normalised adjusted EBITDA expected at the top end of the range.
Guglielmo Angelozzi, chairman and chief executive officer of Lottomatica Group, said: “The third quarter of 2026 marks another strong quarter for Lottomatica, with double digit growth in Online and Sports volumes, and in Adjusted EBITDA normalised (+17% yoy at normalised payout).” He added: “We also reached a major strategic milestone with the announced acquisition of CIRSA, which will significantly enhance our scale and future growth opportunities.”
Lottomatica’s extraordinary and ordinary shareholders’ meeting is scheduled for 23 November 2026. CIRSA shareholders will vote on the cross-border merger by absorption into Lottomatica at an extraordinary general meeting in Terrassa on 30 November 2026. The combination is expected to take effect in the second quarter of 2027.
Sources
- European Gaming · Industry media · primary source ·
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