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.
The results and planned buyback provide investors with updated financial and capital-allocation information.
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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 Group and CIRSA Enterprises have approved a plan for Lottomatica to absorb CIRSA, the companies announced. CIRSA shareholders would receive 0.668 Lottomatica shares for each share exchanged and an extraordinary dividend of €1.56 per share, totalling about €262 million; after completion, Lottomatica intends to propose a further €744 million capital return. The merger remains subject to regulatory approvals and shareholder votes expected by the end of November 2026.
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.