Lottomatica reported revenue of €440.1m for the first quarter of 2024, up 4% year on year. Bets rose 20% to €8.7bn, while adjusted EBITDA fell 4% to €149.5m; the company said its 2024 guidance includes eight months of contribution from SKS365, acquired in April.
Operators and investors can weigh rising revenue and bets against lower adjusted EBITDA and the planned SKS365 contribution.
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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 has confirmed a Q2 2027 closing date for the Cirsa deal. Chairman and chief executive Guglielmo Angelozzi said on the Q3 earnings call that completion is expected in Q2 2027. The Cirsa acquisition is described as a €2.8bn transaction.
Lottomatica Group and CIRSA Enterprises agreed a plan for CIRSA to merge into Lottomatica, with completion expected in the second quarter of 2027 if shareholder, regulatory and other conditions are met. CIRSA shareholders would receive 0.668 newly issued Lottomatica shares per share, and CIRSA plans to pay an extraordinary dividend of €1.56 per share before completion.
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 chief executive Guglielmo Angelozzi said the company plans to seek shareholder approval for a €744m capital distribution by the third quarter of 2027. He said it could take the form of a special dividend, a partial voluntary buy-back of the combined company’s shares, or both; the proposed Cirsa transaction also includes about €115m in cost synergies over three years after closing.
Lottomatica Group reported Q1 2025 revenue of €585.7m, a 33.1% increase year on year, according to the company. Adjusted EBITDA rose 47.5% to €220.5m, while the group said it would launch a share buyback programme of up to €500m lasting up to 18 months.