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FDJ United slumps to 6-year low on third consecutive guidance cut

By Reuters News

** Shares in FDJ United FDJU.PA tanked about 6% to lowest since late March 2020 with traders blaming yet another outlook downgrade after the firm reported falling revenues

** The French betting group on Wednesday cut its outlook for gross gaming revenue, revenue, and EBITDA margin - marking the third guidance downgrade so far in the year

** The company's revenue for the first nine months of 2026 fell nearly 6% to €2.58 billion ($2.90 billion), hampered by fewer jackpots and tax hikes

** Up to the previous session's close, the stock was down 11% YTD

($1 = 0.8893 euros)

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