Lottomatica Lifts Its Italian Online Market Share to a Record High

Lottomatica has pushed its share of Italy's online betting market to a record high. According to the results the company announced on Tuesday, its online market share reached 32.4 percent in September.

In the third quarter, the average market share rose 0.9 percent to 31.7 percent compared with the same period last year. iSports market share growth of 2.1 percent contributed to this increase. The iGaming share rose 0.6 percent.

Over nine months, 35.2 billion euros were wagered. This figure represents an 8 percent increase on an annual basis. Group revenue rose 5 percent to reach 1.72 billion euros. Gross gaming revenue increased 2 percent to 3.52 billion euros. Adjusted EBITDA rose 8 percent to 665 million euros. Operating cash flow increased from 504 million euros to 544.9 million euros. At the end of September, net financial debt stood at 2.16 billion euros.

The company said it maintains its full-year 2026 adjusted EBITDA target of 940 to 980 million euros and expects the result to be at the upper end of this range. Online revenue grew 13 percent annually to 780.82 million euros. Sports franchise revenue fell 1 percent to 376.68 million euros. Although bets increased 11 percent, sports payouts to players in favor of players weighed on revenue. Gaming franchise revenue also declined.

CEO Guglielmo Angelozzi said the third quarter was strong and that online and sports betting recorded double-digit growth. Angelozzi said market conditions and the implementation of the strategy support the company's growth expectations.