Lottomatica first-half adjusted EBITDA grows 10% driven by online segment
Lottomatica Group reported a 10% increase in adjusted EBITDA during the first half of 2026, reaching €465.3 million. The growth was driven by the online segment, which saw collections increase by 12%.
The group's consolidated collections totaled €23.7 billion, up 9% compared to the first half of 2025. Total revenues rose 5% to €1,180.6 million. Performance by segment included:
- Online: €525.1 million in revenue (+13%) and €303.9 million in EBITDA (+21%)
- Sports Franchise: €275.4 million in revenue (-1%)
- Gaming Franchise: €380.0 million in revenue (-2%)
In the second quarter, adjusted EBITDA reached €230 million, a 14% year-on-year increase, while online EBITDA grew by 24% with a 58% margin. The group's adjusted net profit was €196 million, and operating cash flow reached €385.5 million.
The company's net financial debt stands at €2,110.4 million, representing a leverage ratio of 2.3 times the adjusted EBITDA on a Last Twelve Months (LTM) basis. Regarding market share, the total online market share rose to 31.6% in the second quarter, with iSports at 31.8% and iGaming at 31.6%.
Guglielmo Angelozzi, President and CEO of Lottomatica Group, stated:
"The second quarter of 2026 continues to demonstrate our 'steady growth' across all main financial and corporate indicators: adjusted EBITDA growth in every quarter of the last 10 years, with the exception of the Covid restriction period, and a continuous and substantial increase in margins thanks to an online market and a constantly growing market share."
The group has returned over 10% of its market capitalization to shareholders since June 2025 through dividends and buybacks. Management reaffirmed its guidance to close the 2026 fiscal year with adjusted EBITDA in the upper range.

