SBC News Voice of the Sports Betting Industry
Lottomatica SPA cites full confidence in achieving record financial results and cost control targets in 2025.
The Bolsa Milan-listed gambling group announced a “record-breaking start” to the year, delivering all-time high results across all core financial metrics in the first quarter.
Group revenues rose 33% to €585.7m (Q12024: €445m), as total wagers across all channels climbed 28% to €11.2bn, reflecting broad-based growth and consistent player engagement in both digital and retail operations.
Q1 accounts reported adjusted EBITDA of €220.5m, marking a 47% increase on 2024 comparatives of €150m, as performance reflected peak online activity generated by the successful integration of new acquisitions.
The online segment served as the standout contributor generating a revenue increase of 59% to €239m and an EBITDA contribution of €128m. Online growth was supported by a sharp increase in wagers, market share gains in key verticals such as iGaming and iSports, and the operational boost from the PWO acquisition (the re-branded business of SKS365).
Lottomatica’s Sports Franchise unit continues to expand, with revenues up 59% to €150.4m, largely attributed to a “favourable payout environment” and the continued rollout of PWO-integrated offerings. Q1 trading saw The EBITDA of franchises double to €45m (Q12024: €19m)
Meanwhile, the Gaming Franchise, Lottomatica’s mature retail network, remained steady, generating €195m in revenue with solid margins and a contribution of €46.4m in EBITDA.
Lottomatica also strengthened its leadership in the Italian market. The group’s total online market share reached 30.4%, up 1.6 percentage points from Q1 2024. In iSports, market share rose to 31.8%, while in iGaming it climbed to 30.3%.
CEO Guglielmo Angelozzi believes 2025 will be a record year: “We are off to a great start of the year, registering our best Q1 results ever and paving the way for a successful 2025. The integration of PWO proceeds at speed, and additional synergies have been identified. Market trends support our organic growth path and we feel confident in the strength of our business.”
Underlining confidence in its financial performance and cash generation, Lottomatica will launch a €500m share buyback programme starting in June.
The 18-month initiative will target up to 10% of share capital, enhancing returns for shareholders while maintaining capital flexibility. The group also successfully completed a €1.1bn refinancing, pushing debt maturities beyond 2030 and unlocking an expected €24m in annual interest savings from 2026.
Lottomatica has reaffirmed its full-year 2025 guidance, forecasting revenues between €2.32bn and €2.37bn and adjusted EBITDA between €840m and €870m. After a blockbuster first quarter, the group appears firmly on course to meet its financial ambitions for the year.
