Third Quarter 2024 Financial Results
Lottomatica Group recently published its financial results for the third quarter and the first nine months of 2024, showing steady growth and a significant increase in market share. This is particularly evident in the online segment, which reached a new record in the penultimate quarter of the year. The group’s total inflows reached 27.8 billion euros, an increase of 28% compared to the same period of the previous year.
Revenues, in turn, increased by 23%, reaching 1,417.4 million euros (
with normalized payout).
Increase in net profit and synergies
Another significant figure is the Adjusted net profit, which amounted to 160.6 million euros for the first nine months of 2024. This result is the result of a well-planned strategy and integration with SKS365, which has led to a 15% increase in synergies, from 65 million to 75 million. It is interesting to note that 50% of the announced synergies have already been achieved, demonstrating the effectiveness of the integration operations
.
Future prospects and guidance
Looking to the future, Lottomatica Group confirmed its guidance for the 2024 financial year, with expected revenues between 2,030 and 2,080 million euros and adjusted EBITDA between 700 and 730 million euros. These data suggest a continuous expansion and consolidation of the group’s market position, which confirms itself as the main operator in the legal gaming sector in Italy. Growth in the online segment, in particular, represents a significant opportunity for the future, given the increase in demand for digital games and online betting.
