Lottomatica: Cirsa merger to be completed in Q2 2027

In its first quarterly results since announcing the 2.8 billion euro Cirsa acquisition, Lottomatica reported that revenue rose 5% year on year to 537 million euros. Adjusted EBITDA increased 3% to 200 million euros.

During the earnings call following the quarterly results, the company's chairman and CEO, Guglielmo Angelozzi, confirmed that the merger is expected to be completed in the second quarter of 2027. Angelozzi described the deal as a major strategic turning point. He said integration work has already begun with the Cirsa team and that the two teams are very well aligned.

The merger is expected to transform Lottomatica's mainly Italy-focused structure into a broader European strategy. At the same time, the company showed that it will not abandon its roots. Its market share in Italy increased across all categories.

Its market share in online sports betting rose 2.1 points to 34.8%. Growth in iGaming was more limited, at 0.6 points. As a result, its total online market share in Italy reached 31.7%, up 0.9 points from the third quarter of 2025.

Angelozzi said the company continues to gain share from competitors slowly but steadily through product quality, marketing and improvements to its offering. The report also noted that the online channel is growing faster than retail, and that this gap is widening.