Published by Global Banking & Finance Review®
Posted on May 7, 2025
2 min readLast updated: January 24, 2026
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Lottomatica's Q1 adjusted core profit rose 47%, with net profit at 51.5 million euros. The company plans a 500 million euro share buyback in June.
(Reuters) -Italian betting firm Lottomatica on Wednesday posted a 47% jump in first-quarter adjusted core profit, boosted by a favourable payout ratio offsetting the consolidation of PWO acquired in April 2024.
The Rome-based gambling group's January-to-March adjusted core profit, or earnings before interest, tax, depreciation and amortisation, stood at 220.5 million euros ($250.4 million), while its net profit came in at 51.5 million euros - up from 29.9 million euros in the same period last year.
The company also confirmed its 2025 forecast for an adjusted EBITDA of 840 million to 870 million euros and a revenue target of 2.32-2.37 billion euros.
Lottomatica's adjusted net profit totalled 94.7 million euros from 49.7 million euros in the same period in 2024, meanwhile its group net profit for the quarter reached 50.3 million euros.
"We are off to a great start of the year, registering our best Q1 results ever and paving the way for a successful 2025," Chief Executive Guglielmo Angelozzi said in a statement.
The company, which returned to the Milan stock exchange in 2023, also said it will launch in June a share buyback program for up to 500 million euros.
($1 = 0.8807 euros)
(Reporting by Romolo Tosiani in Gdansk; Editing by Mrigank Dhaniwala and Louise Heavens)
The article discusses Lottomatica's 47% increase in first-quarter adjusted core profit and its future financial plans.
Lottomatica plans to launch a 500 million euro share buyback program in June and maintains its 2025 financial forecasts.
Lottomatica reported a 47% increase in adjusted core profit, with net profit rising to 51.5 million euros.
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