Italy’s regulated iGaming market continued to expand in 2025, with Lottomatica Group delivering strong financial results driven by accelerating online gaming and stable sports betting performance, according to the company’s FY2025 results announcement.

The company reported double-digit growth across key financial metrics, highlighting continued momentum in one of Europe’s most competitive regulated gambling environments.

For the full year, Lottomatica posted total revenue of €2.255 billion, representing a 12% increase compared with €2.004 billion in 2024. Profitability also improved significantly, with Adjusted EBITDA reaching €856 million, up 21% year-on-year, reflecting operational efficiency and scale advantages.

The results reinforce Lottomatica’s position as one of the leading operators in Italy’s regulated iGaming market, supported by a hybrid model combining online gaming, sports betting, and retail gaming operations.

Online Gaming Drives Market Share Expansion

A major contributor to the company’s growth in 2025 was the continued expansion of its online gaming division.

Online gaming revenue reached €955 million, marking a 22% increase compared with the previous year, continuing the momentum seen earlier in the year when online gaming powered Lottomatica’s €3.45B GGR performance. The growth pushed Lottomatica’s online market share to 31.3%, strengthening its position among the largest digital gaming operators in Italy.

Total betting turnover reached €45 billion, a 14% increase, while gross gaming revenue (GGR) rose to €4.7 billion.

Retail operations also continued to provide stable performance across the company’s network. Revenue from the sports betting franchise segment reached €527 million, up 14%, while the gaming franchise segment generated €774 million.

Together, online gaming, sports betting, and gaming machines remain the core pillars of Lottomatica’s diversified operating model across the Italian regulated market.

Profitability Strengthens and Capital Returns Increase

Alongside revenue growth, Lottomatica maintained strong profitability levels.

The company reported an EBITDA margin of 38%, reflecting operational efficiency and disciplined cost management.

Operating cash flow also increased, reaching €657 million, compared with €556 million in 2024.

From a shareholder perspective, the company returned €375 million in capital during the year, including €300 million through share buybacks.

The board has also proposed a dividend of €0.44 per share, representing a total payout of approximately €111 million.

Additionally, Lottomatica confirmed plans to repurchase up to 12.5% of its share capital over the next 18 months, reinforcing its capital return strategy.

Strategic Focus on Online Gaming Growth

Commenting on the results, CEO Guglielmo Angelozzi said the company’s performance reflects its ability to innovate and grow within an attractive and expanding regulated iGaming market.

Looking ahead, Lottomatica expects continued momentum in 2026, projecting revenue between €2.39 billion and €2.46 billion and Adjusted EBITDA between €940 million and €980 million.

The group’s strategic priorities remain focused on organic growth, targeted acquisitions, technology investment, and further development of its sports betting and online gaming platforms.

The company also continues to emphasise responsible gaming and sustainable operations as key elements of its long-term strategy.

With a network of more than 17,400 retail locations, over 2.2 million online customers, and approximately 2,600 employees, Lottomatica remains one of Europe’s largest regulated gaming operators.

As online gaming and sports betting continue to expand across the regulated iGaming market, the company’s hybrid model combining retail scale with strong digital capabilities is expected to play a central role in its next phase of growth.

Source: Lottomatica Group