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Lottomatica reported “outstanding” financial results in its full-year 2024 report,how to download melbet on iphone beating expectations amid fast-paced revenue growth.
Total revenue reached €2.00bn in the one-year period ending 31 December, rising 22% from the same period the previous year.
The Italian gaming giant’s market share in online gaming reached an all-time high of 30.9% in Q4 2024, while its iSports and iGaming segments saw market shares of 32.3% and 30.6%, respectively.
The company’s online and sports franchise GGR also witnessed fast-paced growth in early 2025, with a 72% and 79% year-over-year increase, respectively, in February year-to-date.
Total bets reached €39.2bn, marking a 30% increase year-over-year. The online betting segment also saw high growth, with revenue climbing 50% to €780.2m.
With €739.4m in adjusted EBITDA, the company exceeded its previous forecast of €700m-€730m.
CEO Guglielmo Angelozzi said: “Our objectives for 2025 are to strengthen our leadership position in all segments through product and technology innovation, further develop the omni-channel model while managing efficiently the retail to online transition that is occurring in the market.
“In light of our strong balance sheet and cash flow generation, we requested the authorisation for a buyback in order to have an additional tool readily available for capital returns, which will compete for excess cash with M&A and other capital allocation opportunities, with a view to maximise shareholder returns.”
The Sports Franchise segment also experienced significant expansion, with revenue increasing by 25% to €460.8m.
Meanwhile, Gaming Franchise revenue saw a more modest 3% rise, reaching €763.7m.
The company generated €556.8m in operating cash flow and achieved an adjusted net profit of €254.m.
Looking ahead, Lottomatica has set ambitious targets for FY 2025, with projected revenues between €2.32bn-€2.37bn and adjusted EBITDA ranging from €840m-€870m.
The company has also announced a dividend payment proposal of €0.30 per share, amounting to €75m in total dividends.
Additionally, board has requested authorisation for a share buyback of up to 10% of share capital over the next 18 months.