FDJ United slips on 'mixed' Q3 results
16/10/2025 08:39
** Shares in FDJ United FDJU.PA fall 4.3% to their lowest in 6 months after the French betting group posted what J.P.Morgan deems "mixed" quarterly earnings ** FDJ quantifies FY recurring EBITDA guidance at 900 million euros, which implies a 2% cut to H2, JPM says ** "Whilst the magnitude of the downgrades should be relatively limited, the softer-than-expected performance of (online betting and gaming) will likely further weigh on shares," says JPM ** The group's Q3 sales fall 3% to 864 million euros ($1.01 billion), hurt by a 21-million-euro impact of increased taxes ** UBS flags a prolonged decrease in online betting and gaming in certain markets and the impact of higher taxation on gaming particularly in France ** The move widens the stock's YTD losses to about 28.8% ** FDJ shares sit at the bottom of France's SBF 120 index .SBF120 ($1 = 0.8584 euros) (Reporting by Dimitri Rhodes) ((Dimitri.rhodes@thomsonreuters.com))