Berkshire Hathaway reveals $4.3 billion stake in Alphabet, cuts Apple
Investing.com -- Lottomatica reported another solid quarter, with third-quarter results showing strong profitability and a slight upgrade to full-year EBITDA guidance despite a small revenue miss versus consensus.
Shares in the company rose around 1% in early Milan trading.
Revenue rose 5% year on year to €511 million, about 1% below analyst forecasts cited by Jefferies, while EBITDA jumped 18% to €195 million, slightly ahead of expectations.
The company completed its PWO migration during the quarter, “with accelerated delivery of synergies, dragging on revenues but lifting EBITDA,” Jefferies analyst James Wheatcroft said.
Online remained the standout performer, with revenue up 10% to €226 million and EBITDA up 19% to €127 million, supported by further market share gains across segments.
Sports Franchise revenue rose 3% to €102 million, and Gaming Franchise increased 1% to €183 million, with both divisions posting double-digit EBITDA growth.
Lottomatica now expects full-year 2025 revenue of €2.27 billion, 3% below the midpoint of previous guidance, and roughly 1% below consensus.
However, it lifted its EBITDA forecast to €860 million, 1% ahead of prior guidance midpoint, and 1% ahead of consensus, according to Jefferies.