Lottomatica posts steady growth as Italy’s new betting regime beds in
2026-07-28
Source: SBC News
Lottomatica reported H1 2026 revenue of €1.2bn, up 5% year-on-year, driven by online growth, while adjusted EBITDA rose 10% to €465m. The operator also increased its online market share to 31.6% in Italy's newly regulated betting market.
Lottomatica has reported a solid first half of 2026, with total revenue climbing 5% year-on-year to €1.2bn, as the Italian betting market settles into its first full year under a revamped regulatory framework.
Revenue breakdown
The growth was driven entirely by the online division, which saw revenue rise 6% to €525m. In contrast, the land-based sports franchise slipped 1% to €275m, while the gaming franchise fell 2% to €185m. Total bets increased 9% to €24m, with online bets surging 12%.
Second-quarter performance broadly mirrored the half-year picture, though the sports franchise bucked the trend with 3% quarterly revenue growth to €133m. Gaming franchise revenue in Q2 declined 3% to €185m.
Profitability and debt
Adjusted EBITDA for H1 came in at €465m, up 10% from the same period in 2025, while Q2 adjusted EBITDA rose 14% to €230m. The group posted an adjusted net profit of €196m for the six-month period.
Despite the strong earnings, Lottomatica carries €2.1bn in total net financial debt. Nevertheless, the company remains upbeat about its trajectory under Italy’s new licensing framework.
Market position
Italy is one of Europe’s five largest regulated betting markets, alongside the UK, Germany, France and Spain. According to the Blask Index, it is the EU’s biggest market, with a Competitive Earnings Baseline of US$6.4bn (€5.6bn) spread across 135 brands. Lottomatica ranks fifth overall, behind Sisal (Flutter Entertainment), BetFlag, GoldBet and bet365.
The operator said its share of the total online market reached 31.6% in Q2, with 31.8% of online sports betting and 31.6% of iGaming.
CEO commentary
Chairman and CEO Guglielmo Angelozzi said the group had demonstrated “consistency in growth” across all key financial and business metrics. He attributed the margin improvement to a consistently growing online market and stable EBITDA figures.
“Thanks to this we have consistently delivered superior returns to our shareholders and distributed more than 10% of our market capitalisation since June 2025,” Angelozzi added. He reaffirmed the company’s guidance, stating it expects full-year 2026 adjusted EBITDA to land at the top end of its forecast.