Italian operator maintains momentum with strong online growth and solid guidance for FY25
Robust Growth Across All Key Metrics
Lottomatica Group has delivered a strong set of financial results for the first half (H1) of 2025, underscoring its dominant position in Italy’s betting and gaming market. Total bets placed with the company reached €21.8bn ($24.93bn), reflecting a 21% year-on-year increase. Gross Gaming Revenue (GGR) also rose by 13% to €2.36bn, while total revenue climbed to €1.13bn, marking a similar 21% growth rate.
Adjusted EBITDA surged by 33% to €422.4m, showcasing the operator’s efficiency and expanding profitability. At normalized payout levels, EBITDA still posted a solid 17% increase, pointing to a sustainable growth trajectory.
Q2 2025: Online Division Leads the Charge
In the second quarter (Q2) of 2025, Lottomatica reported revenue of €543.1m, representing a 10% increase compared to the same period in 2024. Notably, the online segment continued to act as a growth engine, generating €223.4m in revenue, up 19% year-on-year.
The company’s adjusted EBITDA for Q2 totaled €201.9m, reflecting 20% annual growth and signaling that the operator is effectively managing costs while scaling its operations.
H1 Comparison with Previous Years
The current performance aligns closely with the growth trends observed in H1 2024, when total bets were €18bn and revenue rose 20% to €931.8m. However, 2025 results show greater operational efficiency and stronger online penetration, contributing to the notable 33% EBITDA growth.
Q1 2025 had already set the tone with €585.7m in revenue (+33% YoY) and online betting volumes of €7.36bn (+46% YoY), highlighting the segment’s importance in the company’s overall performance.
Full-Year Guidance Confirms Confidence
Following its strong first-half results, Lottomatica reaffirmed its FY25 revenue guidance at €2.32bn–€2.37bn, with adjusted EBITDA expected to land between €840m and €870m. This guidance suggests the company anticipates continued growth in both land-based and online verticals.
Market Outlook: Online Momentum and Regulatory Stability
The results underscore Lottomatica’s success in capitalizing on Italy’s growing online betting market, which is increasingly driving revenue. The sustained growth across verticals also demonstrates resilience amid regulatory changes and a competitive environment.
With a clear strategy focusing on digital expansion, operational optimization, and product innovation, Lottomatica appears well-positioned to deliver on its FY25 targets and strengthen its market leadership.
