Lottomatica had what CEO Guglielmo Angelozzi called a “outstanding” 2024 for the company, surpassing both revenue and adjusted EBITDA projections.
Lottomatica revenue reached €2 billion (£1.65 billion/$2.1 billion) in the 12 months ending December 31, 2024. Compared to the €1.63 billion Lottomatica reported in the previous fiscal year, this is a 23% increase.
Lottomatica, which released its results today (4 March), indicated that revenue was significantly higher than the initial range of €1.8 billion to €1.85 billion reported at this time last year. It complies with the revised guidelines that were released in July 2024.
The main driver of growth was a 50% increase in internet income, which reached €780.2 million. The acquisition of SKS365, which was finalized in April 2024 and greatly increased the group’s online offering, was the driving force behind this.
At 24.49 billion, total internet wagers were likewise 51% more than the previous year. Several significant sporting events in 2024, such as football’s Euro 2024, which was held in June and July, benefited Lottomatica.
Other segments saw a 27% increase in bet volume to 3.58 billion and a 25% increase in revenue from the sports franchise to €460.8 million. With wagering volume at 11.09 billion, gaming revenue increased by 3% to €767.7 million.
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Despite increased expenses, Lottomatica’s net profit increased.
When it came to expenditure, expenses were higher nearly everywhere. The primary expenses were staff (€135.5 million), depreciation, amortisation, and impairment (€244.4 million), and service charges (€1.21 billion), all of which increased annually.
But the impact of revenue growth was so great that it more than made up for the expense rise. Pre-tax earnings thereby exceeded €180.9 million, a 32% increase over 2023’s total.
Lottomatica deducted €5.2 million in earnings from non-controlling interests and paid €77.1 million in taxes. As a result, it made €98.6 million in net profit at the end of 2024, a 45% increase.
Adjusted EBITDA also increased by 22% to €706.9 million for the year. This is in line with the revised July prediction of €700 million to €730 million and significantly higher than the original guidance of €625 million to €645 million.
“We solidified our leadership position across all segments and brands in 2024, which was an exceptional year for our group,” Angelozzi stated. “We went above and above what was anticipated at the start of the year and with the modifications that followed.
“With the acquisition of PWO and the implementation of our bolt-on strategy, we continued to grow both organically and through M&A.”
High expectations for 2025
Lottomatica has established several goals for the current year. The revenue prediction ranges from €2.32 billion to €2.37 billion, with the midpoint representing a 17% increase over 2024.
It is anticipated that adjusted EBITDA will fall between €840 million and €870 million. In this case, the midpoint would indicate a 21% increase from the previous year.
Angelozzi stated, “Our goals for 2025 are to further develop the omnichannel model, manage the retail to online transition that is taking place in the market, and strengthen our leadership position in all segments through product and technology innovation.”
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