Boulogne, 30 July (6.00pm) – FDJ UNITED, a leader in lottery, betting and gaming in Europe, announces its results for the first half of 2025.
First-half performance in line with expected full-year trajectory, 2025 guidance reiterated, Success of the Group’s employee share ownership plan
- First-half revenue of €1,867m: up +31% compared with H1 2024 reported and down -2% on a restated basis
- Buoyant performance by the French lottery and retail sports betting BU with revenue of €1,290m, up +4% on a restated basis
- Lottery revenue rose by +6% to €1,065m. This performance can be attributed to the whole range of games and all distribution channels, particularly digital, which rose by +16% to €160m
- Point-of-sale sports betting revenue fell by -6% to €225m. This change reflects unfavourable sports results for the operator, despite stakes boosted by an attractive football offering (+4%)
- Online betting and gaming BU2 revenue of €466m, down -12% on a restated basis
- This change reflects a very unfavourable 2024 comparison base, due in particular to the Euro football tournament, as well as tax and regulatory impacts in 2025, particularly in the Netherlands and the United Kingdom. Excluding these two markets, revenue would be up 5% thanks to the performance of other countries, including France
- Second-quarter revenue came to €235m, up +2% compared with the first quarter of 2025
- Recurring EBITDA of €441m, representing a margin of 23.6%, or 24.4% excluding the cost of the employee share ownership plan (€14m)
- Adjusted net income of €222m
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- This reflects the impact of the financing of the Kindred acquisition on the financial result and the one-off tax contribution on the profits of large French companies
- 2025 objectives reiterated: stable revenue versus 2024 pro forma, with a recurring EBITDA margin of over 24%
- Successful employee share ownership plan bringing the share of capital held by employees to 4.6%
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- Taken up by more than half of employees and largely oversubscribed
2025 stands as a transition year for FDJ UNITED, with the integration of Kindred well on track. In this context, our first-half performance is in line with the expected full-year trajectory. Besides, we are pleased by the success of the employee share own-ership plan launched by the Group, reflecting our long tradition of sharing FDJ UNITED’s value creation with all stakeholders."
