Allwyn Reports 21% Net Revenue Growth in Q1 2026

Allwyn AG, shaped from the mixture of Allwyn Worldwide AG and OPAP S.A., introduced preliminary unaudited outcomes for Q1 2026, reporting internet income of €1.204 billion, a 21% enhance in comparison with the identical quarter in 2025. Whole 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 throughout 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 enlargement.

Sturdy Digital Channels and Betano Efficiency

Digital channels had been a main driver for Allwyn’s outcomes. On-line internet gaming income jumped 68% to €540 million, now representing 48% of complete internet gaming income, a 12-percentage-point enhance from Q1 2025. iGaming led progress amongst product segments, with internet income rising 29% to €147 million. Sports activities 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 as a result of absence of main jackpots that had boosted prior-year outcomes.

Betano, wherein Allwyn holds a 37% stake by the OPAP merger, offered sturdy contributions. Q1 complete income for Betano reached €788 million, up 27% from the earlier 12 months. Earnings from Allwyn’s stake elevated 43% to €60 million. Working throughout Europe and Latin America, Betano continues to offer recurring income streams that complement Allwyn’s diversified portfolio and strengthen the group’s total progress.

Profitability, Management, and Strategic Outlook

Adjusted EBITDA elevated 24% to €443 million, with the margin bettering to 36.8% from 36.1% in Q1 2025. Working EBITDA grew 11% to €336 million. North American adjusted EBITDA rose to €75 million, up from €12 million, reflecting the influence 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 corporate 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 combination and progress of PrizePicks and digital operations within 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 corporate stays centered 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 era, and sustaining disciplined capital allocation whereas upholding accountable gaming requirements.