La Française des Jeux (FDJ) has released its financial results for the first half of 2024, showcasing a remarkable performance in the sports-betting sector. The company reported an impressive turnover of €1.43bn ($1.5bn), marking a significant 10.8% increase compared to the same period in the previous year.
FDJ, the leading operator in the French gaming market, continues its trajectory of growth, bolstered by strategic investments and a strong portfolio of betting products. The financial upturn reflects the company’s commitment to enhancing customer experiences and expanding its market footprint.
Stakeholders and analysts within the sports betting industry are optimistic about FDJ’s future prospects, anticipating sustained growth and further financial success in the subsequent quarters of 2024.
FDJ’s gaming activities surge in France, reaching €1.3bn turnover
FDJ’s gaming sector in France has hit new heights, recording a staggering turnover of €1.3bn, reflecting a 7% increase. The lion’s share of this growth came from the lottery segment, which saw a turnover of €1bn, a rise of 5%. This boost was primarily driven by robust performances in instant games and draw-based games.
FDJ reports robust digital growth; H1 2024 EBITDA up by 23.5%
In a significant development for the sports betting world, FDJ has shown remarkable growth in its digital activities, with turnover soaring by 39.8% to €201 million. This surge can largely be attributed to the strategic acquisitions of PLI and ZEturf, further solidifying the company’s market position.
FDJ’s EBITDA for the first half of 2024 stands at an impressive €370 million, marking a 23.5% increase. The company’s EBITDA margin now sits at 25.9%, reflecting enhanced operational efficiency and profitability.
Key financial metrics
| Metric | Value | Change |
|---|---|---|
| Turnover | €201m | +39.8% |
| EBITDA | €370m | +23.5% |
| EBITDA Margin | 25.9% | – |
With these impressive numbers, FDJ is well-positioned to continue its robust growth trajectory, capitalizing on its strong digital performance and strategic acquisitions.
FDJ reaffirms ambitious 2024 objectives amid kindred takeover
FDJ has confidently reaffirmed its ambitious 2024 objectives, aiming for an 8% increase in total turnover and a 5% boost in gaming activities within France. The company’s strategic plans underscore its commitment to robust growth and market expansion.
A significant development in this ambitious roadmap is the ongoing public takeover offer for Kindred. This critical acquisition is nearing completion, with the final milestone being regulatory approval from the French Competition Authority.
Sports betting and competitive online gaming experienced a significant surge, climbing by 14.5% to reach €294m, driven by favorable sports outcomes.
Moreover, international operations and payment services saw an impressive 72% increase, soaring to €129m, thanks largely to the successful integration of PLI.
FDJ q1 2024 results: revenue rises by 7%, gaming sector leads growth
The first-quarter financial results for 2024 of Française des Jeux (FDJ) revealed a substantial 7% increase in total revenue, reaching €710 million. This growth was predominantly driven by advancements in the gaming sector and other diversified activities.
Key financial highlights
| Category | Revenue (€ million) |
|---|---|
| Total Revenue | 710 |
| Gaming Activities | 512 |
| Other Activities | 198 |
This positive trend underscores FDJ’s strategic focus on enhancing its gaming offerings and expanding into new areas of the entertainment and leisure market. The company remains committed to driving innovation and delivering exceptional value to stakeholders.
