Allwyn Posts 4% Revenue Growth For FY2025

Allwyn International announced consistent financial growth for 2025, supported by acquisitions and expansion into new markets, based on preliminary unaudited results.

Total revenue reached €8.99bn for the year ending 31 December 2025, a 4% increase from €8.66bn in 2024. Gross gaming revenue followed a similar path at €8.63bn, while net revenue climbed to €4.11bn.

Chief executive Robert Chvatal said: “2025 was a pivotal year for Allwyn. We continued to deliver on all dimensions of our strategy, driving good financial performance across our business, and agreed two transformative transactions – strengthening our positioning for sustainable long-term growth and an exciting future as a listed company.”

Operating EBITDA declined 5% to €1.31bn, reflecting cost pressures and shifting market conditions. Adjusted EBITDA moved in the opposite direction, rising 4% to €1.58bn, with margins holding at 38.5%.

Digital channels and quarterly performance shape earnings profile

Online growth played a central role in the company’s performance. Net gaming revenue from digital channels increased 11%, reinforcing the importance of online operations within the group’s model.

Adjusted profit attributable to shareholders rose 13% to €509m, despite the softer operating EBITDA result. Capital expenditure remained stable at €254m, signalling a controlled approach to investment.

Q4 figures showed mixed momentum. Total revenue edged down 1% to €2.34bn, while net revenue increased 1% to €1.12bn.

Operating EBITDA rose 5% to €417m during the quarter, while adjusted EBITDA climbed 14% to €497m. The adjusted EBITDA margin improved to 44.4%, up from 39.4% in the same period the previous year.

Performance in the UK was affected by changes to the incentive and profitability structure of the National Lottery, which also influenced overall earnings.

PrizePicks deal marks entry into US prediction and sports market

Strategic transactions played a key role in shaping the year. Allwyn agreed to acquire a majority stake in PrizePicks, with the deal completed in January 2026.

The acquisition gives the group entry into the US online sports entertainment space. PrizePicks had already secured registration with the National Futures Association, allowing it to launch prediction market products.

This move aligns with Allwyn’s push into new verticals extending beyond traditional lottery operations.

OPAP merger and international strategy support next phase of expansion

Another major step is the planned combination with OPAP, expected to complete before the end of the month. The deal will create one of the largest listed lottery and gaming businesses worldwide, with operations across Europe and North America.

The company said the transaction offers a mix of steady cash generation and growth potential. Additional milestones included renewal of the Italian Lotto licence and preferred bidder status for the Greek scratchcard concession.

Allwyn also expanded its global branding efforts through partnerships with McLaren Formula 1 Team and Formula 1. These partnerships are aimed at increasing visibility across international markets.