Lottomatica reports double-digit growth in full-year revenue and profit
The company credited a strong pipeline of product innovation for the growth of its share in the Italian gambling market.
Italy.- Lottomatica Group has reported strong double-digit growth in both revenue and profit for 2025, with online betting and product innovation driving performance. The operator announced that gross gambling revenue (GGR) climbed 8 per cent year-on-year to €4.7bn, on the back of a 14 per cent rise in stakes to €44.7bn. Online betting proved to be the standout segment, with stakes increasing 22 per cent.
Adjusted EBITDA was €856m, up by 21 per cent), while adjusted net profit was €369m, up 45 per cent. By the end of 2025, the group had 2.2 million online customers and a retail presence of around 17,400 outlets across Italy.
The integration of its SKS365 acquisition (now PWO) was completed ahead of schedule, delivering €87m in synergies, 34 per cent above initial guidance. PWO also returned to growth, achieving a 6.3 per cent online market share in Q4.
Within the online division, wagering reached €954.5m, helping Lottomatica expand its Italian market share by 1.2 percentage points to 31.3 per cent. Its share of the betting market share rose to 32.4 per cent, while it held 31.5 per cent of the Italian igaming market.
On the earnings call, CEO Guglielmo Angelozzi credited product development as a key driver of those market share gains. “we have a very healthy pipeline, especially in what we call the Lottomatica Core,” he said. “So the martech infrastructure that you have above the gaming platforms, which allows us to optimise the digital marketing and all its aspects to improve the risk management, is a key differentiating component and a key part of our road map.”
Angelozzi said he expects further market share growth among Lottomatica’s established brands in 2026.
CFO Laurence Van Lancker wouldn’t comment on whether the group could make a play for Evoke’s Italian business, following the London-listed plc’s announcement of a strategic review in December. “We monitor all potential targets within the framework that we’ve mentioned, which is across Europe. And of course, that includes Italy as well. But we’re not going to comment on specific names,” he said.
For 2026, the group aims fo revenue between €2.39bn and €2.46bn, with adjusted EBITDA of €940–980m.
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