Allwyn reports Q3 revenue growth to €2.14bn as UK EBITDA falls 84%
Allwyn International reported Q3 2024 revenue of €2.14bn, up 7% year on year, and adjusted EBITDA of €410.8m, up 12%. UK segment adjusted EBITDA fell 84% to €7m, which the company attributed primarily to a new incentive and profitability mechanism after the UK lottery takeover. Allwyn also said it completed its acquisition of a 70% stake in Instant Win Gaming in September for $242.7m, with possible additional earnouts.
Revenue and EBITDA growth contrasted with a steep UK EBITDA decline, highlighting differing performance across Allwyn’s markets.