Lottomatica sees 2026 core profit at top end of guidance as Q1 earnings rise
06/05/2026 06:58
May 6 (Reuters) - Italian betting firm Lottomatica LTMC.MI on Wednesday reported 7% growth in its first-quarter adjusted core profit (EBITDA) and forecast full-year earnings at the top end of its previously given outlook range of 940 million to 980 million euros ($1.10 billion to $1.15 billion). The Rome-based company operates primarily in Italy, which is the largest regulated gambling market in Europe. It has benefited from a structural shift towards online channels, a trend that accelerated during the pandemic and has shown resilience since. Adjusted EBITDA was 235.5 million euros in Q1, beating a company-provided consensus of 231 million euros cited by Equita Revenue rose 3% to 602.3 million euros, in line with consensus Adjusted net profit grew 12% from a year ago to 106 million euros Shareholders approved an additional buyback programme for 12.5% of the share capital, allowing up to 1 billion euros in returns over 2026-2027 ($1 = 0.8524 euros) (Reporting by Romolo Tosiani; Editing by Milla Nissi-Prussak) ((Romolo.Tosiani@tr.com))