Cirsa reported adjusted net profit of €202.1 million for the first nine months of 2026, up 35.9%, according to media reports. Revenue rose 10% to €1.89 billion, while adjusted EBITDA increased 9.3% to €599.3 million; shareholders were due to vote on the proposed Lottomatica merger on 30 November.
Cirsa’s rising profit, revenue and EBITDA give shareholders context for the proposed Lottomatica merger vote.
Quarter ended 30 June 2026
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Lottomatica reported nine-month revenue of €1.72bn, up 5%, and a record 32.4% share of Italy’s online gambling market in September. Adjusted EBITDA rose 8% to €665m, while the company maintained its full-year guidance and said its planned merger with CIRSA was expected to complete in the second quarter of 2027, subject to approvals.
Codere’s controlling investment funds are considering a sale of the company or its businesses separately, according to media reports. The report says a whole-company sale remains the preferred option, while interest in individual divisions has increased; a possible combined valuation is around €2,000 million.
Lottomatica expects its acquisition of Cirsa to complete in Q2 2027, chairman and chief executive Guglielmo Angelozzi said during the company's Q3 earnings call. The deal was announced at €2.8bn; Lottomatica reported Q3 revenue of €537m, up 5% year on year, and adjusted EBITDA of €200m, up 3%.
Lottomatica Group reported €1.72bn in revenue for the first nine months of 2026, up 5% year on year, according to its interim consolidated results approved by the board on 2 November. Total stakes reached €35.2bn, up 8%, while adjusted EBITDA rose 8% to €665.5m.
Lottomatica Group reported revenue of €1.72bn for the first nine months of 2026, an increase of 5%. Total stakes for the period were €35.2bn, up 8% on the same period of 2025. At normalised payout, revenue growth reaches 10%. The figures come from interim consolidated accounts approved by the board of directors on 2 November 2026.
Lottomatica reported record online market share and double-digit year-on-year growth in its digital segment. The company has begun integrating CIRSA ahead of the acquisition’s expected completion in Q2 2027.