Lottomatica has recorded revenue of €511m (£449.6m) for the third quarter of 2025, representing a 5% increase year on year (YoY).

The Italian operator’s online arm continued to be the biggest driver of revenue during the quarter, with the €226m generated representing a 10% increase YoY.

Revenue from the company’s retail gaming division increased slightly YoY, contributing €183.2m, while retail sports betting revenue for Q3 increased 3% YoY to €102.4m.

In terms of the overall online market, Lottomatica said it had a market share of 30.8% for Q3, up from 29.9% in Q3 2024. 

Market share for online sports betting was 32.7%, up 1.2 percentage points YoY, while Lottomatica’s igaming market share came to 30.6%, rising 0.9 percentage points.

Overall stakes for Q3 reached €10.7bn , up 9% YoY, with €7.2bn being derived from online wagers.

Adjusted EBITDA for Q3 amounted to €194.9m, up 18% YoY for the Betflag and GoldBet parent company.

During Q3, Lottomatica was one of the operators approved by Italy’s Customs and Monopolies Agency (ADM) during the first wave of licence applications for the country’s revamped gambling market.

Lottomatica also completed the migration of PWO, formerly known as SKS365, in July, with two-thirds of the planned synergies expected to be achieved this year.

Guglielmo Angelozzi, chair and CEO of Lottomatica Group, praised the solid quarter delivered by the operator, noting market share had reached “record levels”.

He said: “The third quarter of 2025 saw a continued solid operating and financial performance, with EBITDA growth of +18% and online market shares reaching record levels in September.

“We completed the migration of PWO, which is now fully operational on our group proprietary platform, and accelerated the realisation of synergies.

“Looking forward, we continue to see solid drivers of growth supported by market tailwinds in online, continued improvement in our cash flow conversion and growth, and a disciplined approach to capital allocation focused on shareholder returns.”

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