Lottomatica Group S.P.A. has published impressive financial results for fiscal year 2024, surpassing its guidance with an adjusted EBITDA of €739 million ($792 million). The Italian gaming giant continues strengthening its market leadership position with substantial growth in online gaming and sports betting. Robust early 2025 momentum indicates the company is on pace to meet its organic growth targets.
Results Are Up Across the Board
Lottomatica reported total revenues of €2.00 billion ($2.14 billion) for the year ending 31 December 2024, a significant 22% year-on-year increase. The adjusted EBITDA of €739.4 million ($792 million) surpassed its prior guidance range of €700 million to €730 million ($750 million to $782 million), reflecting impressive operating efficiencies and strategic market positioning. These figures also reflect Lottomatica’s ongoing efforts to adapt to shifting market trends.
Total bets surged to €39.2 billion ($42 billion), a remarkable 30% increase compared to 2023, while online sports betting revenue went up by an astonishing 50%, reaching €780.2 million ($835.8 million). Such results bode well for the operator’s continued dominance in its home Italian market and should help further cement its leadership position in the online gaming space.
Lottomatica’s online gaming division achieved a record-high market share of 30.9% in Q4 2024. Meanwhile, the iSports and iGaming market shares rose to 32.3% and 30.6%, underlining the company’s enduring market presence in Italy. The operator is, notably, holding its own against industry giants like SNAI, Flutter Entertainment, and Entain.
Lottomatica Expects Further Growth
The company’s momentum has carried into early 2025, with Lottomatica’s online and sports franchise gross gaming revenue (GGR) maintaining robust growth. Sustained consumer engagement and the success of the operator’s omnichannel strategy have led to some impressive metrics, with the online segment recording a 72% year-over-year growth and the sports franchise side of the business surging 79%.
Lottomatica recently announced a planned share buyback and dividend payment to enhance shareholder value, demonstrating the company’s commitment to balancing growth programs and investor returns. Lottomatica CEO Guglielmo Angelozzi was optimistic that the operator would continue to excel in 2025 and beyond as it seeks to capitalize on M&As and other capital allocation opportunities.
Our objectives for 2025 are to strengthen our leadership position in all segments and further develop the omnichannel model while managing the retail to online transition.
Guglielmo Angelozzi, Lottomatica CEO
These recent financial figures are encouraging, considering Italy’s decision to sharply increase licensing fees for operators, charging them 35 times higher than previously. Lottomatica has seemingly adapted well to the change, leveraging the expected market consolidation to cement leadership in the rapidly evolving gaming and betting industry.
