Lottomatica Group Spa announced on Wednesday that its board of directors has approved the consolidated interim financial statements for the nine months ending September 30, reporting total revenues of 27.8 billion euros, a 28% increase from 21.71 billion euros in the same period of 2023.
Revenues increased by 19% from 11.9 billion euros in the first nine months of 2023 to 14.2 billion euros.
Adjusted Ebitda rose from 426.4 million euros in the same period of 2023 to 483.1 million euros, an increase of 13%.
Net debt increased from 1.25 billion euros on December 31 to 1.9 billion euros.
The company also reported that it achieved the highest historical growth in market share in the third quarter, with the total online market share approaching 30%; iSports market share exceeding 31%, and iGaming market share at 29.7%.
Finally, the board confirmed the forecast for 2024, with revenues expected to be between 2.03 billion euros and 2.08 billion euros, and adjusted EBITDA anticipated to be between 700 million and 730 million euros.
Lottomatica Group CEO Guglielmo Angelozzi said: "We are very pleased with the progress we have made so far this year. Our business has achieved double-digit growth, and in the third quarter, our online market share reached new historical highs in all vertical sectors. The integration with SKS is progressing rapidly, and we have raised the level of expected synergies."
