FDJ United lowers its annual targets under tax pressure
French gambling giant FDJ United has cut its financial targets after third-quarter revenue fell 8.1 percent to 794 million euros. Higher taxes, high player winnings and weak footfall at points of sale were reflected in the results.
FDJ United lowered its financial targets in its third-quarter 2026 report. The company's quarterly revenue fell 8.1 percent to 794 million euros. The group attributed the decline to effects stemming from the nature of the games, tax increases, and reduced customer traffic at points of sale due to economic conditions.
Gross gaming revenue fell 6.1 percent to 1.95 billion euros. Net gaming revenue declined 7.4 percent to 758 million euros. All four business units saw revenue losses. International lottery revenue dropped 15.7 percent to 37 million euros. Revenue from lottery and retail sports betting in France fell 6.8 percent to 554 million euros, and online betting and gaming revenue fell 10.2 percent to 188 million euros. The payment and services unit declined 6.9 percent to 14 million euros.
Over the first nine months, revenue fell 2.8 percent to 2.58 billion euros. Taxes rose in key markets such as France, the United Kingdom and the Netherlands, costing the group 63 million euros in this period. The online unit's nine-month revenue fell 8.2 percent to 619 million euros, while its gross gaming revenue declined only 0.8 percent. Excluding the United Kingdom and the Netherlands, gross gaming revenue rose 5.7 percent and revenue rose 0.8 percent.
Chairwoman and CEO Stéphane Pallez said the group aims to return quickly to sustainable growth by continuing its action and performance plans. FDJ, which owns Kindred Group, is known to be considering selling some business areas, including its online arm, because of high gaming taxes in certain markets.
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