FDJ UNITED kicked off 2025 with a revenue jump. The betting and gaming group brought in €925 million for the first quarter. The boost reflects the FDJ UNITED Q1 revenue uplift from the recent Kindred acquisition.

  • FDJ UNITED Q1 revenue rose 30% year-over-year on a reported basis, reaching €925 million. However, on a like-for-like basis excluding acquisitions, revenue dropped slightly by 1%. The increase reflects the consolidation of Kindred from early 2025.

  • The online betting and gaming unit saw revenue drop 10% to €231 million at constant exchange rates. Active players grew by more than 5% compared to Q4 2024 and by nearly 10% year-over-year. Despite player growth, regulatory challenges in the UK and Netherlands dragged results down.

  • The French lottery and retail sports betting unit delivered €640 million in revenue, up 4% from the previous year. Growth came from a 6% rise in player stakes, supported by strong Euromillions jackpots and new instant games. Online lottery revenue jumped 14% to €79 million, making up 15% of total lottery revenue.

  • Point-of-sale activity also held strong, bringing in €561 million in revenue, a 2% increase. The expansion of football betting options and success of French clubs boosted stakes. But operator margins declined slightly, causing a 1% drop in sports betting revenue.

  • In the Netherlands, revenue dropped 41% due to new rules limiting deposits and a tax hike to 34.2%. In the UK, a 27% revenue fall reflected strong results in early 2024 and new rules introduced last year. Excluding these two markets, revenue rose 8% with France performing well.

  • International lottery revenue came in at €38 million, down 22% from Q1 2024. This was mostly due to fewer big jackpots in Ireland. The Payment & Services segment posted €16 million in revenue, up 1%.

  • Stéphane Pallez, CEO of FDJ UNITED, commented: “FDJ UNITED’s performance in the first quarter is in line with the trajectory planned for 2025.” She noted player growth across markets and progress on the digital transformation.

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