Allwyn reported higher revenue and earnings for the first quarter Q1 2016 following its combination with OPAP and the addition of PrizePicks – see more details:

  • Allwyn posted net revenue of EUR 1.204bn in Q1 2026, up 21% year-on-year. Adjusted EBITDA increased 24% to EUR 443m, while the EBITDA margin improved to 36.8%. The company said growth was supported by digital performance and recent strategic initiatives.
  • On an underlying basis, excluding the first-time contribution from PrizePicks and the impact of higher gaming taxes in Austria, revenue growth was 5%. Underlying EBITDA growth reached 11% after adjusting for several one-off factors. The business also reported operating EBITDA of EUR 336m.
  • The acquisition of a majority stake in US fantasy sports operator PrizePicks was completed in January 2026. Allwyn said the deal provides entry into the US online sports entertainment market. PrizePicks was consolidated into the group’s results from 16 January 2026.
  • The company continued investing in technology and product development during the quarter. In the UK, it completed the technology transformation of The National Lottery platform. This was followed by updates to Lotto and plans to launch Powerball in the market.
  • Commenting on the results, CEO Robert Chvatal said: “Net Revenue of the combined group increased 21% year-on-year in the first quarter.” He added that growth was driven by digital channels, innovation and the acquisition of PrizePicks. The company also highlighted contributions from Betano and its European operations.
  • Allwyn Q1 revenue growth helped support the group’s full-year guidance. The company reaffirmed expectations for net revenue growth in the mid-to-high 20% range in 2026 and an adjusted EBITDA margin of 37%. Management said trading since the start of the year has remained in line with expectations.
  • The board approved a share buyback programme of up to EUR 150m. Allwyn said the move reflects confidence in future growth, cash generation and shareholder returns. The group also reiterated its policy of paying a minimum annual dividend of EUR 1 per share.

Please find more news here.