Financial performance in the third quarter of 2024
Lottomatica Group recently published its financial results for the third quarter and the first nine months of 2024, showing robust growth and a significant increase in its market share. This trend 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).
Net profit and synergies with SKS365
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 effective management and targeted strategies that have allowed the group to consolidate its position in the market. In addition, Lottomatica reported a 15% increase in synergies deriving from the integration with SKS365, from 65 million to 75 million euros. It is interesting to note that 50% of the announced synergies have already been achieved, highlighting the effectiveness of the integration
.
Future prospects and guidance for 2024
Looking to the future, Lottomatica confirmed its guidance for the 2024 financial year, forecasting revenues of between 2,030 and 2,080 million euros, with adjusted EBITDA expected between 700 and 730 million euros. These estimates indicate continued confidence in the growth of the legal gaming market in Italy, despite the challenges that the sector may face. The expansion strategy in the online segment seems to be one of the keys to the group’s future success, which aims to further strengthen its leading position in the market.
