Lottomatica reported revenue of €1.72bn for the nine months ended 30 September, up 5% year on year, while adjusted EBITDA rose 8% to €665.5m. Net profit increased to €155.3m from €98.3m; the company is pursuing a €2.8bn combination with Cirsa.
Online growth and higher profits contrast with weaker retail performance as Lottomatica pursues its Cirsa combination.
Quarter ended 30 June 2026
The day’s most important stories, free. One email a day.
EGR reported on 11 September that Eduardo Morales-Hermo, a Spanish market expert, assessed the Lottomatica and CIRSA merger favourably. He said the all-share transaction would improve the combined group's retail and online operations.
Cirsa shares closed nearly 20% higher, exceeding EUR16 per share after the Lottomatica merger announcement. The companies expect to complete the merger in the second quarter of 2027, subject to corporate and regulatory approvals.
Reportedly, Lottomatica chief Guglielmo Angelozzi voiced confidence in the CIRSA merger. He pointed to CIRSA’s eight leadership positions and separately highlighted opportunities in Italy.
Lottomatica described a merger with Cirsa as low risk. Angelozzi expressed confidence in Cirsa's management and said earlier deals had failed after Lottomatica sought excessive changes to acquired businesses.
Reportedly, Lottomatica agreed to absorb CIRSA through a cross-border merger paid entirely in shares. The transaction requires approval from both companies’ shareholders and the relevant regulatory authorities.