FDJ UNITED closes September 2026 with GGR of €6.264m and revenue decline

FDJ UNITED published results to 30 September 2026 showing a GGR of €6.264m, down 2.8% year-on-year, and revenue of €2.576m, down 5.6%. The company attributes the decline to a mix of operational and fiscal factors that weighed on the third quarter.

Breakdown by business units

The Lottery and Retail Sports Betting unit in France posted a GGR of €4.978m, down 3.5%, and revenue of €1.794m, down 4.8%.

• Lottery reported a GGR of €4.365m, down 3.5%, with instant games up 1.9% and draw games down 10.3%.

• Sports betting reached a GGR of €613m, a -3.2% change, and revenue of €297m, down 4.5%.

The Online Betting and Gaming unit recorded virtually stable GGR at €1.013m (-0.8%), while its revenue fell 8.2% to €619m. Excluding the Netherlands and the United Kingdom, GGR rose 5.7% and revenue grew 0.8%, driven by strong performance in France and the Nordic markets.

In the Netherlands and the United Kingdom, FDJ UNITED says implementation of action plans should allow a gradual restoration of performance.

Factors explaining the performance

The company lists concrete causes: fewer and smaller large jackpots versus 2025, an intensification of that trend in Q3; particularly high payouts to players in sports betting in Q3, notably at retail points of sale; economic conditions in France that pressured retail footfall in Q2 and Q3; and an increase in gaming taxation that represented €62m for the Group.

Recovery plan and operational measures

FDJ UNITED is relaunching its lottery offering and applying a roadmap for the Online unit. For the lottery it announces numerous commercial and marketing initiatives, including additional events for draw games in the fourth quarter; investment to refresh the product range, with a 2027 relaunch of Euromillions and Loto and the launch of a new instant game priced at €10; greater focus on web-exclusive games; and an expansion of the number of franchised retail outlets.

The Online unit’s new management is executing a plan to drive growth and reduce costs by optimising marketing investment and loyalty initiatives, and improving player experience. Deployment of a unified proprietary sports betting platform, which will combine existing technologies and aims to cover most markets before the end of 2027, is being accelerated, with a recent refocus of development teams in Europe.

The Group is also advancing a performance and resource-allocation optimisation plan, reviewing Online unit markets and non-core assets, notably within the Payment and Services unit. FDJ UNITED says conclusions will be announced no later than early 2027.

Targets for 2026 and management message

The Group now points to a low single-digit decline in GGR and a mid single-digit drop in revenue for 2026. It maintains cost discipline to sustain a recurring EBITDA margin around 23% and confirms its target to raise the annual dividend with a payout policy of at least 75% of adjusted net profit.

"FDJ UNITED’s performance at the end of September reflects factors inherent to the gaming sector, a decrease in traffic at points of sale against a backdrop of an unfavourable economic climate, as well as the expected increase in taxation. In this challenging environment, the Group remains fully committed and is resolutely pursuing the implementation of its action and performance plans to swiftly regain a sustainable growth momentum, underpinned by innovation and the attractiveness of its product portfolio," said Stéphane Pallez, Chairwoman and Chief Executive Officer of FDJ UNITED.

The company released the results on 26 October 2026 and keeps the roadmap to recover commercial and operational momentum through 2027. For updates, consult the [news](/news) section.