Kindred was integrated on October 11th, which increased FDJ United revenue by 17% to €3,065 million in 2024.
The increase was 10% and 6% for gaming activities in France alone, excluding Kindred. Kindred reported strong success in 2024, as anticipated, with €918 million in revenue and €223 million in recurring EBITDA.
The stability of revenue and the amount of recurring EBITDA margin were caused by a large increase in betting and gaming taxes, which in France started at 1 July and totaled about €45 million, and in the Netherlands started at January and totaled more than €10 million. This was in contrast to the pro forma statistics for 2024.
The Group implemented actions to partially mitigate the financial impact of stricter regulation implementation, primarily in the Netherlands. These measures will gradually approach at least €100 million in the 2027 fiscal year, with more than half of them pertaining to the Online Betting and Gaming BU.
See also:
- FDJ Rebrands as FDJ UNITED
- AG Communications Limited faces a £1.4 million fine from the UKGC
- Santander Bank is accused of messaging gambling customers
The Group is also presenting its prognosis for 2025, which includes the effects of tax hikes on gaming and betting, especially in France, as well as the multi-year action plan implemented to counteract these effects.
“FDJ UNITED achieved a very strong performance in 2024,” stated Stéphane Pallez, the organization’s chairwoman and CEO.
The purchase of Kindred ushers in a new, more global and diverse era in our Group’s lengthy history, following the 2023 merger of Premier Lotteries Ireland and ZEturf.
As the market leader in betting and gaming in Europe, FDJ UNITED has a strong foundation on which to build value for all of its stakeholders, consistent with its performance-and-responsibility-based business model.
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