Lottomatica Q1 2025 results are in – and the company has reported its strongest first quarter ever. Revenue, profits, and online bets have all grown fast – see more details:

  • Bets hit €11.2 billion in Q1 2025, up 28% compared to Q1 2024. Online bets grew even faster at +46% year-over-year. Lottomatica Q1 2025 results reflect higher digital engagement across segments.

  • Group revenue rose to €585.7 million, marking a 33% increase over last year. The Online segment generated €239.8 million, up 59%. Sports Franchise revenue matched this with another 59% rise to €150.4 million.

  • Gaming Franchise remained stable with €195.5 million in revenue, up just 0.1%. Online market share climbed to 30.4%, an increase of 1.6 percentage points. iGaming and iSports shares also rose to 30.3% and 31.8%, respectively.

  • Adjusted EBITDA hit €220.5 million, rising 47% compared to Q1 2024. EBITDA margin was 37.6% of revenue, up from 34%. Growth was supported by a favourable betting payout and the PWO acquisition.

  • Operating cash flow reached €184.4 million, up from €110.1 million in Q1 2024. This increase ties directly to the EBITDA jump. Net financial debt stands at €1.8 billion, with a leverage ratio of 2.1x.

  • Lottomatica confirmed its full-year 2025 guidance of €2.32–2.37 billion in revenue. Adjusted EBITDA for the year is expected to reach €840–870 million. The company also upgraded synergy targets from the PWO acquisition to €87 million by 2026.

  • A new share buyback programme will launch in June 2025. It will cover up to 25 million shares, worth up to €500 million. The programme may pause if capital is redirected to acquisitions or other projects.

  • The programme runs for up to 18 months from April 30, 2025. Any repurchased shares could be cancelled within 24 months. “We will start the buyback programme… to maximise shareholder returns,” said CEO Guglielmo Angelozzi.

  • The refinancing of €1.1 billion debt has been completed. From 2026, this is expected to save €24 million per year in interest. Credit ratings were upgraded by both S&P (BB) and Moody’s (Ba2), and maturities now extend beyond 2030.