Allwyn has published its preliminary unaudited results for Q2 of 2022, reporting ‘continued strong growth in online sales’ for the quarter ending June 30.
This has been, in part, down to the contributions of its online channel, which contributed 44% of gross gaming revenue (GGR) in the Czech Republic, compared with 38% in Q2 2021.
The Czech-based firm is currently in the midst of a significant period in its 10-year history, following the UK Gambling Commission’s (UKGC) decision to name Allwyn as the preferred applicant for the fourth National Lottery licence in March.
That verdict resulted in Camelot, the current incumbents of the National Lottery licence, taking the UKGC to court in a bid to reverse the decision.
Despite these events, however, Allwyn’s own operations have shown no signs of slowing down.
Between April 1 and June 30, 2022, Allwyn increased its consolidated GGR by 23% year-on-year, to €902m (Q2 2021: €735.9m).
This, according to Allwyn, reflects ‘continued organic growth and a more normalised operational environment in certain geographies after full reopening of physical retail business’, after the reemergence of full operations post lockdown.
That figure also shows a 3.8% increase from the firm’s Q1 results, where it recorded GGR of €869.3m.
Allwyn’s net gaming revenue (NGR) also grew 24% year-on-year, from €444.9m in Q2 2021 to €550.9m.
Meanwhile, Allwyn posted a consolidated adjusted EBITDA of €277.1m, up 17% year-on-year (Q2 2021: €237.8m), though it reported consolidated adjusted margin of 50%, down from 53% during the same period in 2021.
Allwyn noted in its release: “[We are] continuing to deliver on our inorganic growth strategies through acquisitions and participation in tenders, including continuing preparations to take over as operator of the UK National Lottery once the Gambling Commission confirms the award of the fourth licence, increase in our economic interest in OPAP to 50.05%, and proposed increase of our interest in Kaizen.”