Business Wire

FDJ UNITED: Revenue to End-September Affected by Inherent Gaming Factors, a Decline in Traffic at Points of Sale Against a Backdrop of Unfavorable Economic Conditions, and Tax Increases

Business Wire

2026 targets adjusted: low-single digit decrease in GGR, mid-single digit decrease in revenue and recurring EBITDA margin of around 23%

Over the first nine months of the 2026 financial year, FDJ UNITED recorded gross gaming revenue (GGR)1 of €6,264m (-2.8%) and revenue of €2,576m (-5.6%), impacted by several factors:

  • Significantly lower number and amounts of high jackpots compared to 2025, particularly for Euromillions. This trend intensified in Q3

  • Particularly high player winnings in sports betting in Q3, especially at points of sale

  • In France, the economic conditions remain challenging, weighing on traffic at points of sale in Q2 and Q3

  • Gaming tax increases amounting to €62m for the Group

Taking these factors into account, the French lottery and retail sports betting BU achieved GGR of €4,978m (-3.5%) and revenue of €1,794m (-4.8%):

  • Lottery GGR stood at €4,365m, down 3.5%, with instant games up 1.9% and draw games down 10.3%. Revenue amounted to €1,497m (-4.8%)

  • Sports betting GGR stood at €613m, down 3.2%, and revenue at €297m, down 4.5%

The Online betting and gaming BU recorded virtually stable GGR (-0.8%), at €1,013m, while revenue declined by 8.2% to €619m:

  • Excluding the Netherlands and the United Kingdom, GGR rose by 5.7% and revenue by 0.8%, continuing to benefit from strong performance in France and Scandinavia

  • In the Netherlands and the United Kingdom, the implementation of action plans should allow for a gradual restoration of performance

The Group is continuing its efforts to return to growth by revitalising its lottery offering and implementing its roadmap for the Online betting and gaming BU:

  • The lottery will benefit from numerous commercial and marketing initiatives, including additional events for draw games in Q4. FDJ UNITED continues to invest in refreshing its game offering and driving innovation, including in 2027 the relaunch of Euromillions and Loto as well as the launch of a new €10 instant game; in enhancing the appeal of its digital offering, particularly with regard to web-exclusive games; in improving the customer experience; and in continuing to expand the number of under banner points of sale

  • The new management team of the Online betting and gaming BU is implementing its action plan to boost growth and reduce costs: optimising marketing investment and customer loyalty initiatives, enhancing the player experience… Furthermore, the rollout of a single proprietary sports betting platform, combining the best of its existing technologies and aiming to cover the majority of its markets by the end of 2027, is accelerating. In this context, the refocusing of development teams in Europe is under way