Cirsa Reports Third-Quarter Profit Growth as Merger Moves Forward

The Spanish gaming group Cirsa announced that it earned an operating profit of 195 million euros in the third quarter of 2026. This represents a 6.8% increase compared with the same period last year. Revenue in the same period rose 12% to 628 million euros (705 million dollars).

The company said that, excluding costs related to the proposed merger with Lottomatica, operating profit would have been 203 million euros, an 11.1% increase year on year. Cirsa reported that it has increased operating profit for 73 consecutive quarters. In the first nine months of the year, revenue rose 10% and operating profit increased 7.8%. The company said it expects to close the year at the upper end of its expectations, but did not disclose the figures within that range.

Online gaming and sports betting was the group's fastest-growing division. In this division, the amount wagered rose 43.4% on a quarterly basis, net revenue increased 19%, and deposits grew 39.4%. The company did not provide data on how much of the growth in betting and deposits had turned into profit.

The group also expanded its casino operations. It opened a casino in Cartagena de Indias, Colombia, and entered Paraguay with two casinos and two gaming halls. Venues in Panama and Spain were renovated, and more than 30 new slot machines were installed at Casino Marbella. Revenue and operating profit increased in the slot business in Spain. In Italy, performance was in line with the market and stable, with video lottery terminals standing out. The company said the integration of recent acquisitions of gaming hall operations in Italy has been completed.

Cirsa said growth was achieved despite macroeconomic and geopolitical uncertainty, and that recent acquisitions also contributed alongside existing operations. The company also called an extraordinary shareholders' meeting in Terrassa on November 30 to advance the proposed merger with Lottomatica.