Italian gaming giant Lottomatica has reported gross gaming revenue (GGR) of €3.45 billion for the first nine months of 2025, marking a 10% year-on-year increase. Revenue rose 16% to €1.64 billion, reflecting strong operational execution and sustained demand across both retail and online segments. Adjusted EBITDA climbed 28% to €617.3 million, positioning the company to reach its €860 million annual target by the end of the year.
A key driver of growth was the online segment, which now contributes 30.8% of total GGR. Online revenue surged 27% to €688.9 million, bolstered by the full migration of the acquired operator PWO (formerly SKS365) to Lottomatica’s in-house platform. This strategic integration has enhanced efficiency, improved synergy realisation, and supported higher player engagement.
Sports betting also saw robust performance, with betting volumes rising 17% to €32.5 billion and sports wagers increasing 12% to €2.81 billion. The company’s focus on scalable technology and customer experience has positioned it favourably amid shifting market dynamics.
Lottomatica’s CEO, Guglielmo Angelozzi, highlighted record online market share and positive outlooks for the remainder of 2025. The timing aligns with Italy’s ADM 2025 reform, which limits gaming licences to 50 operators, reshaping the competitive landscape. Lottomatica, with its financial strength and innovation-driven approach, is well-placed to capitalise on this consolidation.
Following the results, Lottomatica Group SpA shares rose 0.47% on the Milan Stock Exchange, reinforcing investor confidence in the company’s direction.
