Lottomatica Reports 13% Online Revenue Growth in Third Quarter

Italy.- 5 November 2026 | www.zonadeazar.com Lottomatica Group, one of Italy’s leading betting and gaming operators, has reported its financial results for the third quarter of 2026, highlighting a 13% increase in online revenue to €256 million.

The company generated total quarterly revenue of €537 million, representing year-on-year growth of 5%.

The results demonstrate the strength of its digital operations as Lottomatica continues progressing towards its proposed combination with Spanish gambling group CIRSA.

Nine-Month Revenue Reaches €1.72 Billion

During the first nine months of 2026, Lottomatica reported:

  • Total revenue: €1.718 billion, up 5%.
  • Online revenue: €781 million, an increase of 13%.
  • Gross gaming revenue (GGR): €3.516 billion, up 2%.
  • Total betting volume: €35.204 billion, an increase of 8%.
  • Adjusted EBITDA: €665 million, up 8%.
  • Operating cash flow: €545 million.

The expansion of digital operations partially offset softer performance across land-based activities.

Online Gaming Drives Revenue Growth

The online segment remained Lottomatica’s principal growth driver.

Between January and September, revenue increased by 13%, while online betting volume grew by 12%.

During the third quarter, the division generated €256 million in revenue, also representing a 13% increase compared with the equivalent period in 2025.

The company attributed this performance to growth in Italy’s regulated online market and improvements in its competitive position.

Lottomatica Increases Market Share

The group also strengthened its position across the main digital gambling categories.

During the third quarter of 2026, its Italian market shares reached:

  • Total online gambling: 31.7%, up 0.9 percentage points.
  • Online sports betting: 34.8%, an increase of 2.1 points.
  • iGaming: 31.2%, up 0.6 points.

These figures reinforce Lottomatica’s position among the leading operators in Italy’s regulated gambling market.

Sports Betting Revenue Declines Slightly

The group’s Sports Franchise segment generated nine-month revenue of €377 million, representing a 1% year-on-year decline.

Third-quarter revenue reached €101 million, also down 1%.

However, when adjusted for normalised sports betting payout levels, nine-month segment revenue would have increased by 13%.

Betting volumes in the Sports Franchise division rose by 11% during the first nine months.

Land-Based Gaming Revenue Falls 2%

Lottomatica’s Gaming Franchise division, which covers gaming activities through physical retail establishments, generated nine-month revenue of €560 million.

This represented a 2% decrease compared with the corresponding period in 2025.

Third-quarter revenue reached €180 million, also down 2%.

The results reflect more moderate performance in land-based operations compared with the expansion of the digital business.

Adjusted EBITDA Increases 8%

Lottomatica recorded improved operational profitability during the first nine months of 2026.

Adjusted EBITDA reached €665 million, representing year-on-year growth of 8%.

During the third quarter, adjusted EBITDA increased by 3% to €200 million.

On a normalised sports betting payout basis, quarterly adjusted EBITDA would have reached €234 million, equivalent to growth of 17%.

The company also highlighted operating cash flow of €545 million.

Guglielmo Angelozzi Highlights Performance

Guglielmo Angelozzi, Chairman and CEO of Lottomatica Group, welcomed the company’s third-quarter performance.

He highlighted double-digit growth in online and sports betting volumes, alongside improved adjusted EBITDA on a normalised payout basis.

Angelozzi also described the announced transaction with CIRSA as an important strategic milestone that would increase the group’s scale and future growth opportunities.

The executive expressed confidence in Lottomatica’s growth trajectory, supported by favourable market conditions, continued strategy execution and strong cash generation.

CIRSA Combination Shapes the Group’s Strategy

One of Lottomatica’s principal corporate developments is its proposed combination with CIRSA, a major Spanish land-based and online gambling operator.

The transaction aims to create a larger international gaming group with a diversified product portfolio.

The combination would bring together both companies’ technological and commercial capabilities.

The proposed deal remains subject to the relevant corporate and regulatory approvals.

Industry Impact and Next Steps

The third-quarter results demonstrate the increasing importance of digital operations within Lottomatica’s business.

While land-based segments recorded modest revenue declines, online gaming maintained double-digit growth and increased its share of the Italian market.

With quarterly revenue of €537 million, online growth of 13% and nine-month adjusted EBITDA of €665 million, Lottomatica is strengthening its position in Italy while advancing towards its proposed combination with CIRSA.

The company will continue focusing on digital expansion, operating profitability and its wider corporate strategy.

Edited by: @fonta

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