La Francaise des Jeux (FDJ), the well-known French sports activities betting, lottery and iGaming operator, has introduced its monetary outcomes for the primary quarter of 2024 and the numbers present a big improve in income.
The firm’s income in the primary quarter amounted to 710 million euros, representing a rise of seven.2 % in contrast to the identical quarter of 2023. Moreover, the corporate’s gaming income went up by 3.1 % in contrast to the primary quarter of 2023 to a complete of 645 million euros.
The French operator was notably happy with the efficiency of its on-line video games phase, which managed to carry in 100 million euros, a determine which represents nearly 15 % of the group’s whole income.
The firm’s goal for income progress in 2024 is 8 %, although, so it would have to do higher in the next three quarters in order to meet it. However, with the European Football Championships and the Olympic Games arising this summer time, the corporate’s income from sports activities betting will certainly obtain a giant increase in the second and third quarters.
The operator’s income from its lottery operations additionally registered a rise of 1.4 % year-on-year through the first quarter, amounting to 504 million euros. Sports betting and aggressive on-line gaming introduced in 141 million euros in income, recording a rise of 9.5 % over the primary quarter of 2023.
A Good Start
Stéphane Pallez, chairwoman and chief government of the FDJ Group, described the corporate’s outcomes in the primary quarter as “a good start” for the yr, particularly as a result of all of the group‘s activities registered growth, from the network of 29,000 retailers to the online gaming business.
Moreover, the revenue from sports betting and competitive online gaming registered an increase despite being compared to a quarter which had seen great numbers as an effect of the impact the World Cup in Qatar had on the entire sporting world.
In fact, revenue from the online sports betting division of FDJ, ParionsSport En Ligne, registered an increase of over 25 percent during the first quarter of 2024, well beyond the other segments of the company’s enterprise.
In different information, the administration of FDJ confirmed that the corporate was nonetheless eager on buying the Kindred Group, a serious worldwide conglomerate of sports activities betting web sites and on-line casinos. The French firm submitted a suggestion price 2.45 billion euros in January, making an attempt to kind the second largest operator in the European gaming scene.
Source: “FDJ revenue increases 7.2% to €710m in Q1″. iGaming Business. April 18s, 2024.
