Lottomatica released its financial results for the fiscal year 2024, reporting a 23% increase in total revenue, reaching 2 billion euros (2.1 billion US dollars).
The company's online division grew by 50%, reaching 780.2 million euros, while the sports franchise division grew by 25%, reaching 460.8 million euros.
The gaming franchise is Lottomatica's largest division, with revenues of 763.7 million euros, up 3%.
The total annual betting amount reached 39.2 billion euros, an increase of 30%, of which online betting increased by 51%. The company attributes these earnings to market share expansion and platform digitization.
Earnings and Profitability Exceed Expectations
Lottomatica's adjusted EBITDA for the fiscal year 2024 reached 739.4 million euros, an increase of 24%, exceeding the company's expectations of 700 million to 730 million euros. The company also recorded an adjusted net profit of 254.3 million euros, reflecting an improvement in overall profitability.
Operating cash flow increased from 469.6 million euros in fiscal 2023 to 556.8 million euros, supporting Lottomatica's financial stability.
CEO Guglielmo Angelozzi said: "2024 was a brilliant year for our group, in which we consolidated our leadership position in all market segments and brands. By acquiring PWO and implementing our add-on strategy, we continue to grow through organic growth and acquisitions."
Angelozzi added: "Our goal for 2025 is to consolidate our leadership position in various fields through product and technology innovation, further develop the omnichannel model, and effectively manage the ongoing market transition from retail to online."
Fiscal Year 2025 Outlook and Capital Return Strategy
Lottomatica expects revenue for fiscal year 2025 to be between 2.32 billion euros and 2.37 billion euros, with adjusted EBITDA expected to be between 840 million euros and 870 million euros. The company also announced plans to distribute a dividend of 0.30 euros per share, with a total dividend of 75 million euros.
In addition, Lottomatica is seeking approval for a stock repurchase program that allows it to repurchase up to 10% of its outstanding shares over the next 18 months.
Market Expansion and Industry Position
Lottomatica consolidated its market position in the fourth quarter of 2024, with an online gaming market share of 30.9% and a sports franchise market share of 32.3%. The company continues to implement an omnichannel strategy, integrating digital and retail businesses to enhance customer engagement.
In February 2025, Lottomatica reported significant growth in total online and sports franchise gaming revenue, increasing by 72% and 79%, respectively.
Past Performance and Strategic Development
Lottomatica's performance for fiscal year 2024 continued the strong performance of fiscal year 2023, with revenue growing 12% to 1.6 billion euros. In November 2023, the company announced the acquisition of SKS365 for 639 million euros, a transaction expected to further consolidate its market position.
The integration of SKS365 remains a key factor in Lottomatica's outlook for fiscal year 2025, with new guidance to be provided after the transaction is completed. The company will also continue to explore new market opportunities to support long-term growth.
