Allwyn AG, fashioned from the mix of Allwyn International AG and OPAP S.A., introduced preliminary unaudited outcomes for Q1 2026, reporting internet income of €1.204 billion, a 21% improve in comparison with the identical quarter in 2025. Total income rose 8% to €2.39 billion, pushed by each natural progress and contributions from its newly acquired US day by day fantasy sports activities operator, PrizePicks. When excluding PrizePicks, internet income grew 3.5%, regardless of larger gaming taxes in Austria and the absence of prior-year jackpot windfalls from EuroMillions and Greece’s Tzoker.
Continental Europe remained Allwyn’s largest market, producing €1.2 billion in complete income, up 7% year-on-year. The UK noticed a modest decline of seven% in complete income to €942 million, though it contributed €718 million in taxes and good causes in the course of the quarter, reflecting continued commitments to social applications and regulatory obligations. North America skilled essentially the most pronounced progress, with complete income up 408% to €305 million and internet income rising to €224 million, pushed by PrizePicks’ first-time consolidation and early digital growth.
Strong Digital Channels and Betano Performance
Digital channels have been a major driver for Allwyn’s outcomes. Online internet gaming income jumped 68% to €540 million, now representing 48% of complete internet gaming income, a 12-percentage-point improve from Q1 2025. iGaming led progress amongst product segments, with internet income rising 29% to €147 million. Sports betting income elevated 13% to €159 million, and video lottery terminals and casinos contributed €146 million, up 11% year-on-year. Lottery income declined by 5% to €487 million because of the absence of main jackpots that had boosted prior-year outcomes.
Betano, in which Allwyn holds a 37% stake by means of the OPAP merger, supplied sturdy contributions. Q1 complete income for Betano reached €788 million, up 27% from the earlier yr. Income from Allwyn’s stake elevated 43% to €60 million. Operating throughout Europe and Latin America, Betano continues to supply recurring income streams that complement Allwyn’s diversified portfolio and strengthen the group’s general progress.
Profitability, Leadership, and Strategic Outlook
Adjusted EBITDA elevated 24% to €443 million, with the margin enhancing to 36.8% from 36.1% in Q1 2025. Operating EBITDA grew 11% to €336 million. North American adjusted EBITDA rose to €75 million, up from €12 million, reflecting the affect of PrizePicks’ inclusion. Adjusted revenue after tax elevated 18% to €213 million, demonstrating the mixed impact of natural progress and strategic acquisitions.
Allwyn reaffirmed its full-year 2026 outlook, forecasting mid-to-high 20% internet income progress and an adjusted EBITDA margin of 37%. The firm additionally introduced a €150 million share buyback programme, alongside a minimal €1 per share dividend. Khalid Reede Jones, former Virginia Lottery chief, was appointed CEO of Allwyn North America to guide the mixing and progress of PrizePicks and digital operations in the US market.
CEO Robert Chvatal described the quarter as transformative, noting that PrizePicks’ integration, Betano’s contributions, and the completion of the UK expertise transformation have strengthened the group. He emphasised that Allwyn now combines lottery-led operations with digital, iGaming, sports activities betting, and North American leisure. The firm stays targeted on enhancing participant expertise, increasing throughout a number of areas, and leveraging its platform for long-term profitability and shareholder worth.
Chvatal added that strategic investments in expertise, product innovation, and digital channels have positioned Allwyn to proceed delivering sturdy progress, supporting sustainable money technology, and sustaining disciplined capital allocation whereas upholding accountable gaming requirements.
