Lottomatica Sets Record in Online Market Share

Lottomatica announced that it reached record online market share and increased earnings in the first nine months of 2026. According to the company's third-quarter results, its share of the Italian online gambling market reached a record 32.4 percent in September. The average share in the third quarter was 31.7 percent, up 0.9 percentage points from a year earlier.

Over the nine-month period, the amount wagered rose 8 percent to 35.2 billion euros. Group revenue increased 5 percent to 1.72 billion euros. Gross gaming revenue grew 2 percent to 3.52 billion euros, and adjusted EBITDA rose 8 percent to 665 million euros. Net financial debt stood at 2.16 billion euros at the end of the nine months.

Online was the main driver of growth. Online revenue rose 13 percent to 780.82 million euros. Conditions on the physical retail side were more challenging. Sports franchise revenue fell 1 percent to 376.68 million euros, and gaming franchise revenue declined 2 percent to 560.28 million euros.

The company is continuing with the merger plan with Cirsa, which was announced in September. The merger is expected to be completed in the second quarter of next year and will create the world's second-largest publicly listed gaming and betting company. Financing has been secured, and the Cirsa shareholder vote will be held on November 30.

Cirsa also reported a record nine-month corporate profit of 128 million euros in its third-quarter update. Adjusted pre-tax profit rose 37 percent to 130 million euros. The company renegotiated the terms of its 2.1 billion euro bond debt. Spain accounts for 48 percent of the group's earnings. Both companies confirmed their year-end targets. Lottomatica expects its adjusted EBITDA to be close to the upper end of the 940 million to 980 million euro range.