iGaming Analysis & Insights

Entain has reported group underlying EBITDA of £1.16bn ($1.55bn) for the year ended 31 December 2025, an 8% increase on a constant-currency basis and exceeding company guidance. Total group net gaming revenue, including a 50% share of BetMGM, rose 8% on a constant currency basis year-on-year. Entain’s own NGR increased 4% on the same basis, […]

Genius Sports has reported record full-year results for 2025, with revenue rising 31% year on year to $669.5m and adjusted EBITDA increasing 59% to $136.2m. The London-based sports data and technology group recorded growth across its operations during the year. Higher prices on renewed contracts, new commercial agreements and expanded product services all contributed to […]

OPAP reported record GGR for FY2025, supported by a 16.9% increase in iGaming revenue as it continues the Allwyn integration.   The Greek lottery operator posted a full-year GGR of €2.4bn for the year ending by December 2025, rising 4.9% from the previous year. Growth was driven by the company’s iGaming segment, with revenue rising by […]

Key Points Lottomatica online segment grew as wagering increased 22 per cent and online market share reached 31.3 per cent across Italy regulated gambling environment. Group revenue reached €2.26 billion while adjusted EBITDA increased to €856 million and net profit reached €369 million after 45 per cent growth. Integration of PWO and SKS365 generated €87 […]

Nationwide Building Society has recorded a 9% year-on-year increase in the total value of customers’ gambling expenditure during January. The number of gambling-related transactions increased by 7% over the same period, according to data released by the lender. Survey findings based on responses from 2,000 UK gamblers showed that the top 10% of spenders wagered […]

Cirsa marked its “70th consecutive quarter of improved results” in Q4 2025 while delivering its first full reporting cycle as a publicly listed operator. Operating revenues reached €623.6m for the quarter, rising 6.4% year-on-year across gaming and hospitality channels. Operating profit increased 3.5% to €198m, supported by improved operational efficiency. Full-year operating revenues climbed to […]

Codere Online reported record net gaming revenue of €224.1m for 2025 and an adjusted EBITDA of €13.8m. The result reflects stronger performance in Mexico, which brings optimism ahead of the World Cup 2026.  Fourth quarter net gaming revenue reached €60.7m, representing a 15% increase year-over-year and the highest quarterly figure in the company’s history. Growth […]

Key Points In Q4 2025, Flutter’s net revenue skyrocketed by 25% to $4.7 billion, thanks largely to the US sports betting market doing gangbusters along with FanDuel’s performance. Internationally, revenue sees a 19% hike in Q4 with southern Europe, Africa and Brazil really making some headway. Even though Flutter’s net revenue saw a 17% growth […]

Key Points Czech gambling turnover reached a record CZK 1.07tn after 8.8% year on year growth. Online gambling accounted for nearly 60% of total GGR, confirming a strong digital shift. Gambling tax revenue rose to CZK 22.8bn, supported by stable market expansion. Turnover in the Czech gambling market smashed through the one trillion crown barrier, […]

Genting Singapore has recorded FY2025 revenue of $2.45bn and adjusted EBITDA of $815.8m, reflecting a year shaped by redevelopment works at Resorts World Sentosa. The group said revenue declined 3% year on year due to a lower gaming win rate across its casino operations. Non gaming income strengthened in the second half as refreshed attractions […]