Allwyn reported Q2 2025 revenue of €2.27bn, up 6% year on year on a reported basis and 9% after adjusting for a one-off benefit in the prior period. Digital gross gaming revenue rose 16% to account for 42% of total gross gaming revenue, and the company reported €362m in adjusted EBITDA.
Allwyn reported higher revenue and digital gross gaming revenue, with digital accounting for 42% of total gross gaming revenue.
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Allwyn began trading on the Athens Stock Exchange after completing its merger with OPAP, according to the report. The combined entity was valued at €16 billion; Allwyn said it is considering a further listing in London or New York.
Allwyn chief executive Robert Chvátal said the company is exploring alternative sportsbook technology opportunities after withdrawing from its proposed Novibet acquisition following feedback from Greece’s Hellenic Competition Commission. Allwyn said bringing sportsbook technology in-house remains strategically important, while finance chief Kenneth Morton noted there are other ways to achieve that goal.
Allwyn and OPAP plan to merge their operations across Europe, the United States and other markets, with completion expected in the first half of 2026 subject to shareholder approval. The combined company will remain listed on the Athens Stock Exchange, while Allwyn is considering an additional listing in London or New York. Allwyn executives Robert Chvátal and Kenneth Morton are expected to lead the group.
Allwyn said Brazil’s temporary ban on online sports betting and iGaming could affect its 2026 financial outlook. The group said its previous guidance of an Adjusted EBITDA margin of about 37% no longer applied; its preliminary assessment was that the impact would be limited if the ban remained in force for the rest of 2026. Kaizen Gaming, in which Allwyn holds a 36.75% stake, is preparing legal action to protect Betano’s rights in Brazil, according to Allwyn.
Allwyn recorded net revenue of €1,246m for Q2 2026. The lottery and gaming operator’s net revenue increased by 27%.