FDJ United reports €1.87bn first-half revenue after Kindred acquisition

FDJ United reported first-half 2025 revenue of €1.87bn, up 30.7% year on year but down 1.7% on a restated pro-forma basis that assumes Kindred Group was part of the group from the start of 2024. The company maintained its 2025 guidance for stable pro-forma revenue and a recurring EBITDA margin above 24%. Online betting and gaming revenue fell 12% to €466m, which FDJ United attributed mainly to a tough comparison base and tax and regulatory burdens in the UK and Netherlands.