Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Lottomatica's core profit rises 3%, aided by online and sports betting growth

By Reuters News

Nov 3 (Reuters) - Italian betting firm Lottomatica LTMC.MI reported 3% growth in its third-quarter adjusted core profit on Tuesday, thanks to double-digit growth in online and sports betting volumes.

The Rome-based company operates primarily in Italy, the largest regulated gambling market in Europe. This is the first round of results since it proposed a merger with Spanish peer Cirsa CIRSA.MC through a €2.8 billion ($3.1 billion) acquisition in September.

  • "We remain confident in our growth trajectory, supported by favourable market dynamics, continued execution of our strategy and strong cash flow generation," CEO Guglielmo Angelozzi said

  • Its adjusted EBITDA was €200 million, broadly in line with a company-provided consensus cited by Equita

  • Quarterly revenue rose 5% to €537 million, while consensus stood at €534.8 million

  • Total bets grew 8% to €35 billion in the first nine months of 2026; online bets grew 12% and sports franchise bets 11%

  • Lottomatica confirmed its full-year guidance, seeing adjusted core profit at the top end of the €940-980 million range

  • Cirsa has called an extraordinary general meeting on November 30 for shareholders to approve the merger

($1 = 0.8937 euros)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.
To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.
 

Cryptocurrency-related content is intended solely as news and market commentary. Crypto Derivatives are not available to Retail clients registered with Capital Com (UK) Ltd.