$LTMC (+0,94 %)

Lottomatica has reported a record market share in Italy's online market as it prepares for a major strategic expansion through its planned merger with Cirsa.

Lottomatica has reported a record share of the Italian online sector, as consolidated revenue rose to 1.72 billion euros in the first nine months of 2026.

Lottomatica’s latest results, which am Dienstag veröffentlicht were released, showed that the company’s online market share in Italy reached a record high of 32.4% in September.

In the third quarter of 2026, Lottomatica’s market share averaged 31.7%, representing a 0.9% year-over-year increase driven by 2.1% growth in its iSports market share. The iGaming share also rose by 0.6%.

The operator recorded wagers totaling 35.2 billion euros in the first nine months of 2026, an 8% year-over-year increase, which led to 5% revenue growth for the group.

GGR also rose to 3.52 billion euros, an increase of 2%, while adjusted EBITDA rose by 8% to 665 million euros.

Operating cash flow rose to 544.9 million euros, up from 504 million euros in 2025, while net debt stood at 2.16 billion euros at the end of September.

Lottomatica reaffirmed its outlook for fiscal year 2026 and expects adjusted EBITDA to be at the upper end of its target range of 940 to 980 million euros.

Commenting on the results, Lottomatica CEO Guglielmo Angelozzi highlighted the group’s strong quarterly performance and continued growth in online and sports betting.

“The third quarter of 2026 marks another strong quarter for Lottomatica, with double-digit growth in online and sports betting volumes as well as in normalized adjusted EBITDA (+17% year-over-year on a normalized payout basis),” he said.

“Looking ahead, we remain confident in our growth trajectory, supported by favorable market dynamics, the continued execution of our strategy, and strong cash flow generation.”

$LTMC (+0,94 %)

I remain invested.

Investing.com - Lottomatica Group SpA shares rose more than 7% on Monday, after the Milan-listed gaming provider announced that it expects additional online EBITDA of 200 to 300 million euros on a run-rate basis by the third year following the completion of its acquisition of the Spanish casino operator Cirsa.

The company had released further information on September 7 regarding Cirsa’s markets in Spain and the “rest of the world,” following the announcement of the transaction on September 2.

Lottomatica stated that the additional details were provided “in response to the significant interest from investors and analysts over the past few days.”

The company explained that the target for the additional online earnings reflects the opportunity to leverage Lottomatica’s technology, product capabilities, and omnichannel expertise—combined with Cirsa’s market presence, customer base, and local roots in high-growth markets—to drive growth in the merged company’s online business.

Lottomatica emphasized that the estimate of 200 to 300 million euros is not included in the synergies already announced as part of the transaction.

Lottomatica Aktie springt um 7 %: Cirsa-Deal verspricht bis zu 300 Mio. Euro zusätzliches Online-EBITDA

@Simpson

$LTMC (+0,94 %)
$CIRSA (+1,3 %)
$BX (+0,47 %)

Here’s a quick update on the latest developments, which are extremely exciting for the gambling market and for shareholders:

🎰 Mega-Merger: Lottomatica Snaps Up Cirsa! The Italian gambling giant plans to acquire its Spanish competitor, Cirsa Enterprises. This will create a true global market leader in the sports betting and gaming sector.

The new scale: The merged company will have an adjusted pro forma EBITDA of around 2 billion euros.

Who owns what? Lottomatica shareholders will hold 67.5% of the shares, while Cirsa owners will hold 32.5%.

Blackstone, Cirsa’s previous majority owner, will become the new group’s largest single shareholder with a stake of around 24%.

Market reaction: Following the announcement, the stock plummeted by about 9% on the Milan Stock Exchange to approximately 22.50 EUR. Many investors appear to be using the news as an opportunity to rebalance their portfolios.

$LTMC (+0,94 %)

Well, it was worth the wait. I'll probably stay invested.

The Lottomatica Group recorded double-digit growth in both revenue and profit in the 2025 financial year, driven primarily by a robust online segment and product development, wie das Unternehmen am Dienstag bekannt gab.

Group P&L reached €4.735 billion, an increase of 8% compared to the previous year. Total shares amounted to around €44.7 billion, an increase of 14% compared to 2024. The online betting segment showed a particularly strong performance with a 22% increase in stakes.

Online remained Lottomatica's main growth driver, with betting within this segment increasing by 22% to €954.5 million. This helped to increase the Group's online market share in Italy by 1.2 percentage points, reaching 31.3% for the year as a whole.

The market share of the betting market rose to 32.4% during the period, while iGaming increased to 31.5% of the total market.

The product was the 'key driver' for market growth

Speaking to analysts during Tuesday's results call, CEO Guglielmo Angelozzi said product development had been a "key driver" of market share growth during the year.

"What I can say is that we have a very healthy pipeline, especially in what we call the Lottomatica core. The martech infrastructure that you have on top of the gaming platforms that allows to optimize digital marketing and all its aspects to improve risk management, all the things that are included in Lottomatica Core are a key differentiator and an important part of our roadmap," he said, responding to a question about whether the product has gained market share.

Angelozzo said he expects to see further growth in market share among Lottomatica's established brands in 2026.

At the end of 2025, Lottomatica reported 2.2 million online customers and operated around 17,400 retail outlets across Italy.

Die Integration von PWOThe acquisition, which was taken over in May 2024, was completed ahead of schedule. The acquisition exceeded expectations in terms of synergies and generated €87 million in synergies, around 34% above the original forecast. PWO also resumed growth and achieved an online market share of 6.3% in the fourth quarter.

The Group ended the year with €375 million on the balance sheet, an adjusted EBITDA of €856 million, an increase of 21% compared to FY24. Meanwhile, adjusted net profit for the year increased by 45% to 369 million euros.

Could Lottomatica be eyeing Evoke's Italian business?

Analysts asked Lottomatica executives whether they would consider a takeover of Evoke's Italian business after the operator launched a strategic review in December and einen möglichen Verkauf eines Teils seines Geschäfts launched in December.

In response, CFO Laurence Van Lancker said the company would not comment on specific M&A opportunities. "As you know, we are monitoring all potential targets in the framework we have mentioned, which is across Europe. And of course that includes Italy. But we will not comment on specific names."

Evoke has not publicly confirmed which parts of its business it is looking at for a potential sale.

With a view to 2026

Lottomatica's management team is targeting revenue of between EUR 2.39 and 2.46 billion in 2026, with adjusted EBITDA of EUR 940 to 980 million. Recurring capital expenditure is expected to be around EUR 85 to 90 million, with concession investments estimated at around EUR 78 million.

Lottomatica has scheduled its Annual General Meeting for April 20, at which shareholders will vote on the financial reports, dividend distribution, governance issues and the proposed share buyback and cancellation.

https://igamingbusiness.com/finance/full-year-results/lottomatica-market-share-gains-driven-product-development-fy25

$LTMC (+0,94 %)

Investing.com - Morgan Stanley upgraded the shares of Lottomatica Group Spa (BIT:LTMC) from "Equalweight" to "Overweight" on Friday.

Morgan Stanley based the upgrade on a favorable risk-reward ratio and the potential for higher forecasts and cash returns at the Italian gaming company. The bank cited several catalysts that could accelerate the growth of Lottomatica's online sales.

Morgan Stanley highlighted the upcoming award of Italian licenses, which analysts believe could help Lottomatica gain market share from smaller operators. The recovery of PWO's shares following the platform changeover and the positive effects of the FIFA World Cup are also cited as growth drivers.

The investment bank expressed confidence in Lottomatica's capital allocation strategy and noted that management had accelerated its share buyback program. Morgan Stanley sees potential for an increase in the buyback amount of EUR 200 million assumed for 2026.

According to Morgan Stanley, the Lottomatica share is undervalued at current levels. It trades at a 2026 P/E of 11.0 and an EV/EBITDA ratio of 7.2 and offers a free cash flow yield of 8.7%.

@Get_Rich_or_Die_Tryin

Dear Community,

The Challenge is now in its third month and there have been some minor changes. I would like to tell you about them today.

First of all, some bad news for everyone who finds the experiment interesting, because I'm going to let it come to an end. Not because it has become a financial disaster, but because I don't have the time to look after it in a way that adds value for the community.

So here is something like a final report.

At the last update in November 2025, after the sales of $HIMS (+9,93 %) and $3350 (+2,49 %) and the purchase of $DEFI (-3,23 %) the following stocks were still in the running:

$DEFI (-3,23 %) with 245 shares

$LTMC (+0,94 %) with 23 shares

$AIXA (+5,86 %) with 36 shares

$CRCL (+0,75 %) with 5 shares

Already on 06.01.2026 $LTMC (+0,94 %) had to pack his bags as the regulatory issues had become too confusing for me.

Shortly afterwards, on 19.01.2026, I also had to $AIXA (+5,86 %) had to leave the portfolio with a positive result.

This left only the two stocks $DEFI (-3,23 %) and $CRCL (+0,75 %) remained.

Unfortunately, both stocks were a reach for the ceramics and did not perform satisfactorily.

$DEFI (-3,23 %) -62,21%

$CRCL (+0,75 %) -45,95%

As a punishment, these two positions will be held until they reach € 0 or offer a surprise.

The result of this experiment is therefore sobering, but it was clear from the outset that it was a gamble and, as I wrote in the last post on this experiment, nobody who presented one of the stocks has anything to reproach themselves for!

Here is the final statement before deducting the positions that found a place in the experiment:

$HIMS (+9,93 %) Buy € 546.92 Sell € 496.32 Result - € 50.60 -9.26%

$3350 (+2,49 %) Purchase € 525.00 Sale € 459.00 Result - € 66.00 -12.58%

$LTMC (+0,94 %) Purchase € 518.42 Sale € 522.56 Result +€ 4.14 +0.8%

$AIXA (+5,86 %) Purchase € 503.64 Sale € 666.72 Result +€ 163.08 +32.38%

$DEFI (-3,23 %) Purchase € 1,012.10 Current value € 382.52 Result -€ 629.58 -62.21%

$CRCL (+0,75 %) Purchase € 555.00 Current value € 300.00 Result -€ 255.00 -45.95%

The bottom line is that € 2,827.12 of the € 3,661.08 invested in the course of the experiment, including the securities still in the portfolio of $DEFI (-3,23 %) and $CRCL (+0,75 %) have become.

This means a loss of € 833.96 or 22.78% within the three months of the experiment.

What do I take away from the experiment? That I lost money? No, that's the product, but not the insight, not what I take away.

For me, the insight is that you can be convinced of a share by an idea, but this is no guarantee that the company will perform in the same way.

The tips were not bad, but the market has its own rules. It may well be that each of these stocks will be worth many times more in 3 years' time. That's why I'm simply leaving the two remaining stocks in my portfolio - after all, they don't eat bread ;)

With any investment, you have to be aware that an investment can go either way. Therefore, in addition to a conviction in a company, a precise analysis of the fundamental data is also important. Very often, companies are presented here with an absolutely outstanding performance, including all the data. Many of these companies will certainly become multibaggers in the future with strong growth. Some will need a little more time, others a little less. But some of them may also end in a total loss.

My tips after the experiment:

Decide on stocks that are absolutely convincing to you and the figures "fit"

Set yourself limits up to which you can cope with losses

Don't forget the "safe" stocks, despite all the hope of making big gains in a short space of time

With this in mind, the rabbit wishes you a nice Sunday, even if he is looking a little sad at the moment, he is not in a bad mood and hopes that the experiment has also given you a little added value.

Your rabbit - André

Hello my dears,

Yesterday there were some great words from some of the community about my company presentations.

A big thank you to everyone in the community.

To mark the occasion, I have today introduced you to the company $LNW (-1,02 %)
Light & Wonder company.

PS. I can only recommend the very nice and colorful earnings presentation. Also the website.

For our animal and comic friends

@TradingHase
@Simpson
@Smudeo
@SAUgut777
@Liebesspieler
@Lippi
@RealMrKrabs
@Burns
@Alpalaka
@Majid
@PikaPika0105
@Klein-Anleger1
@BavarianLion

and the rest of the gang.

3Q25 LNW Earnings Presentation
lnw.com (best viewed on a laptop screen )

As always, I would like to see a lot of participation and your opinions in the comments.

And also a few👍.

Description of the business: Light & Wonder, Inc.

Light & Wonder, Inc. is a cross-platform, global gaming company focused on content and digital markets. The Company's segments include Gaming, SciPlay and iGaming. The Gaming segment designs, develops, produces, markets and distributes a comprehensive portfolio of gaming content, products and services. The company offers its portfolio of products and services to commercial casinos, Native American casinos, gaming hall operators such as licensed betting offices (LBOs), gaming hall and bingo operators in the UK and continental Europe, as well as government agencies and their affiliated operators. The SciPlay segment is a developer and publisher of digital games for mobile and web platforms. The SciPlay segment is primarily active in the social gaming and hyper-casual markets. The iGaming segment offers a comprehensive range of digital gaming content, distribution platforms, player account management systems and various other iGaming content and services.

Number of employees: 6,800

Light & Wonder – Light & Wonder, Inc. berichtet Ergebnisse des dritten Quartals 2025

Light & Wonder: How a game changer conquers the industry's market share

Light & Wonder has become the fastest growing company in the industry - thanks to a series of popular games.

Light & Wonder: Wie ein Game-Changer die Marktanteile der Branche erobert - Forbes

Performance $LNW (-1,02 %) Light and Wonder 🇺🇸

15 years
+1.303,25 %

10 years
+961,45 %

5 years
+144,66 %

1 year
-3,00 %

Current year
+9,98 %

Performance $ALL (-3,57 %) Aristocrat Leisure 🇦🇺

15 years
+2.083,64 %

10 years
+518,32 %

5 years
+77,73 %

1 year
-13,23 %

Current year
-14,07 %

Performance $LTMC (+0,94 %) Lottomatica 🇮🇹

1 year
+73,23 %

Current year
+73,36 %

USD in millions

Estimates. Light and Wonder

Year
Turnover
Change in

2025 3.345 4,92 %

2026 3.619 8,19 %

2027 3.847 6,29 %

Year
EBIT
Change in

2025 907,5 35,85 %

2026 1.018 12,14 %

2027 1.109 8,98 %

Year
Net result
Change in

2025 431,9 28,55 %

2026 495,6 14,74 %

2027 594,5 19,96 %

Year
Net debt.
CAPEX

2025 4.765 301,1

2026 4.509 340,3

2027 4.102 372,9

Year
Free cash flow
Change in

2025 436,2 29,06 %

2026 662,9 51,97 %

2027 763,2 15,13 %

Year
EBIT margin
ROE
Earnings per share

2025 27,13 % 88,01 % 4,937

2026 28,12 % 104,83 % 5,836

2027 28,83 % 74,08 % 7,477

No. of shares (in thousands) 80,239

Year
P/E RATIO
PEG

2025 18.9x 0.6x

2026 16x 0.9x

2027 12.5x 0.4x

Year
Dividend yield
Dividend

2027 2,74% 2,567

PS. @Iwamoto unfortunately a bit long, but have a look at the website.

Best regards!

3Q25 LNW Earnings Presentation

Website

lnw.com

$LTMC (+0,94 %)

I remain invested.

Lottomatica Group Spa announced on Wednesday that it had acquired a total of 2.7 million of its own ordinary shares between November 17 and 21. The shares were purchased at an average unit price of EUR 20.3839, which corresponds to a total value of EUR 54.6 million.