Française des Jeux (FDJ), France’s leading gaming operator, enjoyed what it described as a ‘good level of activity’ in the fourth quarter with revenue up 13.8 per cent to €747m and up 7.1 per cent on a like-for-like basis.
A spokesperson said: “All our businesses performed well, with very high like-for-like revenue in December.”
Lottery revenue rose 7.8 per cent to €531m with business benefitting in particular from the success of the Euromillions super jackpot starting at €200m at the beginning of December and the launch of EuroDreams at the start of November. These factors are contributing to the strong momentum of online lottery. Competitive sports betting and online gaming open to competition continued to perform well, with revenue up 14.9 per cent to €159m, and 6.3 per cent higher on a like-for-like basis (excluding the first consolidation of ZEturf’s activities). This performance was driven by a still buoyant market, combined with very favourable results for the operator.
Over the full 2023 financial year, revenue rose 6.5 per cent to €2,621m and 2.8 per cent on a like-for-like basis.
Revenue from the Group’s online gaming business saw strong growth, up18.8 per cent and accounted for nearly 13 per cent of revenue in 2023 versus 11 per cent in 2022.
The spokesperson added: “The good end to the year and the digital business accounted for a significant proportion of the growth in recurring EBITDA in 2023. The recurring EBITDA stand at €657 million, thus leading to a recurring EBITDA margin of 25.1 per cent. This level takes into account the exceptional level of sporting results in the operator’s favour at the end of the year and a reversal of a provision relating to disputes with former broker-agents. Excluding these, it would have been 24.3 per cent.