Lottomatica posts 3% rise in adjusted operating profit in Q3 2026
Quarterly revenue of €537m; full-year 2026 guidance kept at top of range
Key Takeaways
- Lottomatica posted a 3% increase in adjusted operating profit in Q3 2026.
- Quarterly revenues were €537 million, a 5% year-on-year increase.
- Adjusted EBITDA was €200 million, essentially in line with analyst consensus collected by Equita.
- Total betting volume in the first nine months rose 8% to €35,000 million, with online bets up 12% and franchise network bets up 11%.
- Cirsa has called an extraordinary shareholders' meeting for 30 November to vote on the €2,800 million merger.
Lottomatica recorded a 3% increase in adjusted operating profit in the third quarter of 2026, driven by growth in sports betting and its online business, the company said. The Italian group reported quarterly revenues of €537 million, up 5%, and confirmed its 2026 targets, keeping the adjusted operating profit goal at the top of the previously forecast range.
Third-quarter results
Adjusted EBITDA reached €200 million, a figure essentially in line with the analysts' consensus compiled by Equita. Internal forecasts had pointed to revenues of €534.8 million, so reported revenues of €537m slightly exceeded that threshold. Lottomatica attributes the performance to an increase in betting volume: in the first nine months of 2026 the total amount handled rose 8% to €35,000 million.
Within that volume, online bets increased by 12% and bets placed through its network of sports franchised outlets rose by 11%. The company maintained its adjusted operating profit target for 2026 in the range of €940–€980 million, indicating it aims for the upper end of that interval.
Transaction with Cirsa and timetable
The results are published after the proposed integration with Spanish operator Cirsa, valued at €2,800 million and announced in September 2026. Cirsa has convened an extraordinary general meeting of shareholders for 30 November at which it will put the merger to a vote.
Chief executive officer Guglielmo Angelozzi underlined the group's confidence in its growth outlook, citing a favourable market dynamic, strategy execution and solid cash generation. Lottomatica primarily operates in Italy, the largest regulated gambling market in Europe; that context influences its projections and the valuation of the transaction with Cirsa. For more on the regulatory environment consult the regulation section.
Frequently Asked Questions
What was Lottomatica’s adjusted operating profit growth in Q3 2026?
Lottomatica’s adjusted operating profit grew by 3% in the third quarter of 2026, as reported by the company alongside its quarterly revenue figures.
What key revenue and EBITDA figures did Lottomatica report?
Lottomatica reported quarterly revenues of €537 million and an adjusted EBITDA of €200 million, the latter roughly matching the Equita analyst consensus.
How did betting volume evolve in 2026 through September?
Through the first nine months of 2026, total betting volume handled increased by 8% to €35,000 million; online betting rose 12% and bets via its sports franchise network increased 11%.
What is the status of the Lottomatica–Cirsa transaction?
The proposed integration with Cirsa, valued at €2,800 million and announced in September 2026, is pending shareholder approval: Cirsa has scheduled an extraordinary general meeting for 30 November to vote on the merger.
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About the author
Emilio Navarro
Industry Technology Correspondent
Emilio Navarro covers the cross-cutting technology and business of iGaming — platforms, data and AI, compliance tooling, affiliate marketing, financial results, and the stories that fit no single rubric. The reports open with the announcement, cite vendors and figures exactly as published, and keep a healthy distance from press-release language. When a supplier unveils a new engine or the advertising rulebook changes, Emilio Navarro reports what genuinely changes.
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