Allwyn has seen H1 trading bring total corporate revenues of €4.5bn, primarily driven by strong performance across Numerical Lotteries from its core UK market.
Results yielded a 6% YoY increase in revenue compared to the €4.25bn for the same period last year, with H1 Adjusted EBITDA also increasing by 4% YoY to €728m (H1 2024: €698m). Corporate accounts in the UK were especially strong, most evident from a quarter perspective.
In Q2, UK total revenue stood at €1.1bn, up 7% and representing the biggest YoY growth across key jurisdictions (Q2 2024: €1bn). Net revenue for the market was up 10% YoY, standing at €232m (Q2 2024: €211m). Adjusted EBITDA came at €6m, in line with year-on-year expectations.
Allwyn further reported that numerical lotteries found significant success with UK customers in the second quarter of the year, primarily driven by EuroMillions together with favourable jackpot cycles and promotional events around it.
As a reminder, Allwyn is the operator of the UK National Lottery. At the end of Q2, the pan-European lottery group introduced a major update to National Lottery terminals across the UK, while also transitioning to a new central lottery system.
The development as part of the company’s long-term investment into the National Lottery as it enters its second year as a licence operator under its 10-year tenure.
The investment was reflected in the company’s Capital Expenditure figures, reporting a 8% decline YoY to €37m from the previous year (Q2 2024: €40m).
Core Euro lotto growth
Q2 accounts also saw growth across Allwyn’s other key jurisdictions of Austria, the Czech Republic, and Greece and Cyprus.
Czech revenue topped €135m in Q2, increasing 8% YoY from the €125m the previous year. Total GGR came at €133m (Q2 2024: €122m). Adjusted EBITDA was €30m, down 6% YoY (Q2 2024: €32m) as a result of higher marketing costs and bigger charity contributions.
Greece and Cyprus brought in total revenue of €583m, up 4% YoY from the €558m in Q2 2024. Total GGR stood at €559m, with Adjusted EBITDA capped at €191m.
In Austria, total GGR went up 4% YoY to €403m (Q2 ‘24: €387m), with Adjusted EBITDA at €72m – up 3% YoY (Q2 2024: €70m).
However, management is now looking to mitigate market-specific headwinds caused by a 10% tax increase on Austrian lottery, iGaming and VLT operations, with expectations of under 2% of consolidated Adjusted EBITDA in the full-year results.
Robert Chvatal, Allwyn CEO, commented: “This excellent performance reflected our focus on growth in the digital channel, alongside the dedication of our teams across markets to enhancing the customer proposition and the player experience.
“As always, we delivered this growth while maintaining our commitment to player safety and upholding our responsibilities to all stakeholders.”