FDJ delivered €3.07 billion revenue in 2024, up 17%, with the Kindred integration boosting growth. The company also faces a €90 million tax impact from mid-2025 but plans to offset it by 2027. FDJ 2024 revenue highlights a strong year, despite upcoming challenges.

• FDJ’s 2024 revenue reached €3,065 million, a 17% increase from 2023. Excluding Kindred, revenue grew by 10%, while French gaming revenue rose by 6%.

• The Group’s recurring EBITDA was €792 million, marking a 21% rise with a margin of 25.8%. On a pro forma basis with Kindred from January, revenue was nearly €3.8 billion with a 25.5% EBITDA margin.

• The new 2025 Social Security Financing Act will raise betting and gaming taxes in France from July 2025, reducing FDJ’s 2025 revenue and EBITDA by €45 million, with an annual impact of €90 million.

• FDJ has launched a multi-year action plan to counter the tax increase, aiming to fully offset the impact by 2027, with phased initiatives starting in 2025.

• In 2024, FDJ’s French gaming revenue totaled over €2.6 billion after public levies of €4.4 billion, reflecting the growing market despite regulatory changes.

• FDJ clarified that taxes on gross gaming revenue (GGR) directly affect operator revenue but not player stakes, with a 1-point tax increase reducing lottery revenue by around 2%.

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