Allwyn International has shared its financial results for Q3 2024, revealing steady growth. Total revenue rose by 7% year-on-year, with strong performance in Austria, Greece, and Cyprus. The company’s digital channels and strategic acquisitions also contributed to its financial success this quarter.
- Total revenue reached €2.14 billion in Q3 2024, up 7% compared to the previous year. Gaming activities generated €2.06 billion, also reflecting a 7% increase. Growth was particularly strong in Austria, Greece, and Cyprus.
- Adjusted EBITDA increased by 12% year-on-year to €410.8 million, highlighting operational improvements. Excluding the UK and North America segments, growth reached 21%. This reflects successful management of core markets and efficiency gains.
- Net debt ratio stood at 2.2x as of September 2024, demonstrating controlled financial leverage. The company emphasized maintaining stability while pursuing growth. This debt level supports ongoing investments and acquisitions.
- Allwyn’s acquisitions of Camelot UK and Allwyn LS Group significantly impacted consolidated metrics. The UK National Lottery’s new licence, effective February 2024, altered profit margins compared to previous periods. Differences in business models have affected comparability with earlier results.
- The acquisition of Instant Win Gaming (IWG) in September 2024 expanded Allwyn’s footprint in North America. This move enhanced its content capabilities, aligning with its growth strategy. The acquisition reflects a focus on diversifying operations and markets.
- Allwyn also increased its interest in OPAP through a share buyback program during the quarter. This aligns with its strategy of deepening relationships in key markets. The move supports long-term growth and shareholder value.
- CEO Robert Chvatal emphasized the importance of safe play and stakeholder responsibilities. Digital growth and jackpot cycles were key drivers of success this quarter. Product development and engaging content continue to fuel the company’s momentum.
