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Lottomatica 2023 financial results; online revenue up 33%

Updated:2024-03-30 08:51    Views:122

Lottomatica has reported its earnings for 2023. Gross gaming revenue (GGR) came to €3.9bn ($4.2bn), up 6% from 2022. Adjusted EBITDA totalled €595.7m at normalised payout, with revenue up 12% year-on-year for a total of €1.6bn. 

On the results, Lottomatica CEO Guglielmo Angelozzi said: “2023 marked a very strong year for our group, in which we consolidated our leadership position across all segments and brands... We continued to grow both organically, increasing market share for the fifth quarter in a row and through M&A, signing the acquisition of SKS365 and executing our bolt-on strategy.” 

Revenue by segment 

When assessing Lottomatica’s 2023 revenue, of the €1.6bn reported, the biggest contributing segment was gaming franchises, which generated €743.5m. However, this was the smallest year-on-year growth of Lottomatica’s three revenue segments, up 2%. 

Online revenue was the second biggest contributor, generating €520.8m. This reflects a sizeable growth of 33% from the €390.7m reported last year, making it the largest growing segment among the three. 

Finally,Play Casino Online the smallest contribution came from sports franchise revenue, which made €368.2m, up 8% from the €340.8m reported last year.