Allwyn had a strong year in 2024, with total revenue rising by 12% to €8.79 billion. The company also recorded a 4% increase in Adjusted EBITDA, despite challenges in the UK market. Allwyn financial performance highlights include expansion in digital gaming and key acquisitions.

  • Revenue from gaming activities (GGR) grew 12% year-on-year, benefiting from organic growth and the first full year of UK operations. Digital gaming was a major contributor, with online GGR up 20% to represent 39% of total GGR.

  • Adjusted EBITDA rose to €1,545.6 million, up 4% year-on-year. UK profitability was impacted by a new incentive model, but overall results were strong. Excluding the UK and North America, Adjusted EBITDA saw an 11% rise.

  • Capital expenditures (CAPEX) increased significantly to €255.8 million, compared to €102.1 million in 2023. This was mainly due to investments in transforming The National Lottery in the UK.

  • Fourth-quarter revenue momentum continued with a 10% year-on-year increase, reaching €2.4 billion. Adjusted EBITDA in Q4 grew by 12% and 16% when excluding the UK and North America.

  • CEO Robert Chvatal stated, “2024 was another year of record financial performance and strategic progress, with double-digit revenue growth and strong digital expansion.”

  • Strategic acquisitions included a 70% stake in Instant Win Gaming and a 51% stake in Logflex MT Holding, supporting long-term growth in online gaming.

  • In financing, Allwyn issued a €450 million TLB and a $100 million add-on to its USD TLB, maintaining a neutral leverage impact. Additionally, OPAP extended the maturity of loans worth €390 million in Greece and Cyprus.

  • The company expects a strong start in 2025, with continued execution of its expansion strategies across key markets.

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