on FDJ (EPA:FDJ)
FDJ UNITED Reports Q1 2026 Financial Results
FDJ UNITED, a leading European gaming operator, has reported a slight 1% increase in Gross Gaming Revenue (GGR) to €2,175 million for the first quarter of 2026, despite a 3% decline in overall revenue to €895 million due to increased gaming taxes. The French lottery and retail sports betting business unit saw stable GGR of €1,740 million, but its revenue dropped by 2% to €627 million.
The online betting and gaming unit faced a 1% dip in GGR to €342 million and an 8% fall in revenue to €213 million. Excluding the UK and the Netherlands, GGR rose by 6%, showcasing notable performances in France and Sweden. The company's new management team is focused on restoring the unit’s performance, especially in the UK and the Netherlands.
FDJ UNITED anticipates slight annual growth in GGR but a revenue decline due to tax increases in 2026. The company expects improvement in the second half, with a recurring EBITDA margin target between 23% and 24%.
R. H.
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