Lottomatica Group Posts Strong 2024 Results, Eyes Further Growth with Strategic Plans for 2025 and Beyond
Published: March 5, 2025 | Author: Ron Clarke
As part of our commitment at Casin.com, Italy’s leading online roulette and casino portal to keep our readers well-informed about the latest developments in the online gambling world, we closely monitor the financial results of key players in the industry. Today, we take a closer look at Lottomatica Group’s impressive performance in 2024 and its ambitious plans for 2025 and beyond.
Lottomatica Group, a key player in Italy’s gaming market, has reported a stellar set of financial results for the fiscal year 2024. The company’s performance has surpassed expectations, setting the stage for continued expansion as it looks ahead to 2025 and beyond.
Record-Breaking 2024 Financials
Lottomatica’s 2024 results have been impressive, reflecting a period of robust growth across its core segments. The group’s total bets for the year amounted to €39.2 billion, a 30% increase compared to 2023. This growth was primarily driven by the online segment, which saw a remarkable 51% year-over-year rise in bets, underscoring the shift toward digital platforms in the gaming industry.
Revenues for the year reached €2,004.7 million, a 23% increase from 2023. Online gaming was a standout performer, contributing €780.2 million to the total revenue, which marked a 50% rise compared to the previous year. The sports franchise segment also showed strong performance, posting a 25% revenue increase to €460.8 million, while the gaming franchise saw a more modest 3% growth, reaching €763.7 million.
Adjusted EBITDA for 2024 came in at €739.4 million, exceeding the company’s previously revised guidance of €700-730 million. This represents a 24% year-over-year improvement. The group’s operating cash flow was equally strong, totaling €556.8 million, thanks to the impressive growth in Adjusted EBITDA.
The company’s net financial debt stood at €1,872.8 million, equivalent to 2.4x its run-rate Adjusted EBITDA, reflecting a stable financial position. As part of its capital returns strategy, Lottomatica has proposed a dividend of €0.30 per share, amounting to a total payout of €75 million.
Strategic Plans for 2025 and Beyond
Looking ahead, Lottomatica is positioning itself for continued growth, with a clear roadmap for the next few years. The company has set an ambitious target for 2025, expecting revenues between €2,320 million and €2,370 million, and Adjusted EBITDA in the range of €840 million to €870 million. These projections reflect the company’s optimism and its ongoing efforts to capitalize on its market leadership.
A key focus for Lottomatica in 2025 will be strengthening its position across all market segments. The company plans to achieve this through continued product and technology innovation. This strategy will be crucial as the gaming landscape evolves, with increasing competition in both the online and retail sectors.
Another cornerstone of Lottomatica’s strategy is the development of its omnichannel model. The company aims to effectively manage the ongoing transition from retail to online gaming, ensuring it can leverage the strengths of both channels to offer a seamless and integrated gaming experience for customers.
In terms of capital returns, Lottomatica has requested shareholder approval for a buyback program, allowing the company to repurchase up to 10% of its share capital over the next 18 months. This initiative reflects the company’s strong cash flow generation and desire to enhance shareholder value, alongside its focus on pursuing growth opportunities through mergers and acquisitions.
Lottomatica’s strategy for 2025 also includes significant investments in both recurring and concession-related capital expenditures. The company is set to allocate approximately €85 million for recurring capex and €105 million for concession-related capex, which includes a one-off payment for online gaming concessions.
