FDJ interactive GGR was under pressure in the first quarter of 2026, even as overall group activity held steady. The company reported a small increase in total gross gaming revenue, but online performance lagged behind. The FDJ interactive GGR trend highlights the growing gap between digital and retail segments.

  • FDJ reported total GGR of EUR 2.18bn in Q1 2026, up 1% year-on-year, while revenue declined 3% due to higher taxes. The growth at group level was supported mainly by stable lottery activity. Interactive performance did not keep pace with the overall trend.
  • FDJ interactive GGR for the online betting and gaming unit came in at EUR 342m, down 1% compared to last year. Revenue for the segment dropped more sharply, falling 8% to EUR 213m. The gap reflects the impact of tax increases across several markets.
  • When excluding the UK and the Netherlands, FDJ interactive GGR actually increased by 6%. This suggests underlying growth in markets such as France and Sweden. However, declines in regulated markets offset these gains at group level.
  • The UK remained a key drag on interactive performance, with revenue down 24% during the quarter. The Netherlands also continued to decline, though at a slower rate than in 2025. These two markets had a visible impact on overall FDJ interactive GGR.
  • Player activity in digital channels showed some resilience, with active users up 3% year-on-year. This indicates continued acquisition despite softer revenue conversion. FDJ said recruitment remains central to its strategy in online markets.
  • Online lottery, part of the broader interactive mix, posted modest growth with revenue up 1% to EUR 81m. It now accounts for 15.5% of total lottery revenue. This contrasts with the decline seen in online betting and gaming.
  • The company completed the migration to a single Unibet brand for online sports betting and poker in France. This move is aimed at simplifying the offering and improving efficiency across digital channels. FDJ expects this to support FDJ interactive GGR over time.
  • Management pointed to higher taxation as a key factor weighing on interactive results, with EUR 9m impact on the online unit alone. Taxes in France, the Netherlands and Romania all increased during the period. This reduced revenue despite relatively stable betting volumes.
  • FDJ said it expects improvement in online performance in the second half of 2026. Plans are in place to restore growth, particularly in the UK and the Netherlands. The outlook suggests a return to positive FDJ interactive GGR trends later in the year.

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