Allwyn’s Q3 Financial Results Show Strong Performance Despite Challenges
Allwyn Reports Solid Financial Growth Amid Increased Costs
Allwyn International, a leading player in the gaming industry, has released its unaudited financial results for the third quarter, demonstrating steady financial performance. Company executives noted important strategic advancements and expressed confidence in future prospects.
Revenue Growth Balanced by Rising Expenses and Customer-Friendly Betting Outcomes
During Q3, Allwyn saw positive revenue growth, with total income reaching EUR 2.2 billion (approximately $2.6 billion), a 4% increase compared to the same quarter in the previous year. This growth was primarily driven by the company’s gaming segment, whose Gross Gaming Revenue (GGR) climbed 5% year-over-year to EUR 2.1 billion (around $2.43 billion). Net revenue for the quarter hit EUR 1 billion ($1.2 billion), showing a 5% improvement from the prior year.
However, the operating EBITDA declined to EUR 301 million ($348.7 million), reflecting a 16% decrease compared to Q3 2024. Adjusted EBITDA similarly fell from EUR 406 million to EUR 375 million ($434.5 million) due to factors like favorable sports betting results that prioritized customers and elevated corporate expenses.
Adjusted free cash flow stood at EUR 302 million ($349.9 million) at the quarter’s close, down 11% year-on-year. It is important to note that these figures exclude contributions from the German casino operations, which were sold in July.
Strategic Moves Expand Allwyn’s Market Presence
In Q3 2025, notable developments for Allwyn included acquiring a majority stake in PrizePicks, a move that broadens the company’s footprint in North America. Additionally, shortly after the quarter ended, Allwyn announced a merger with OPAP, establishing the combined entity as the world’s second-largest publicly listed lottery and gaming operator.
CEO Robert Chvatal Highlights Company Progress and Future Growth
Robert Chvatal, Allwyn’s CEO, expressed satisfaction with the company’s robust financial results and ongoing expansion initiatives. Despite some setbacks and the customer-centric sports betting outcomes under the Betano brand, he emphasized the profitability achieved during the quarter.
Chvatal also expressed enthusiasm about the PrizePicks acquisition and OPAP merger, viewing these moves as pivotal for entering a new growth phase. Furthermore, Allwyn has started to introduce its consumer brand in the Czech Republic and Greece.
“Our progress so far this year reinforces the strength of our proven strategy and, looking forward, we are well prepared to deliver the next phase of our growth story and further strategic progress.”
Robert Chvatal, CEO, Allwyn
The release of this financial update comes soon after Allwyn launched a new holiday promotional campaign in the United Kingdom.
