29 Nov, 2022
Allwyn has announced a GGR of €958.6m for the third quarter.
The company's adjusted EBITDA for the quarter was €319.9m, an increase of 10% over the same time last year. The adjusted EBITDA margin for Allwyn in the third quarter was 54%, down from 55% in the third quarter of 2017. Online gaming contributed to a 10% increase in net revenue, to €532.2m, compared to Q3 2021.
Online sales development in the Czech Republic is what Allwyn owes to its better annual finances. In comparison to the preceding year quarter, sales through Allwyn's internet outlets increased from 39% to 46%.
After being officially given the Fourth UK National Lottery licence beginning in February 2024, Allwyn's stock price rose in the third quarter of 2022.
"This quarter has seen Allwyn deliver yet another set of strong financial results," stated Robert Chvatal, CEO of Allwyn. We have also maintained our track record of success with our inorganic expansion plans, most notably in the United Kingdom.
In the third quarter, "our consolidated gross gaming revenue increased by 11% year-on-year and consolidated adjusted EBITDA increased by 10%, driven entirely by organic factors, demonstrating once again the resilience of demand for our products and the success of our business model."
We also continue to achieve good margins and create solid free cashflows, reflecting our favourable cost structure and focus on cost and capital efficiency," Chvatal said of Allwyn's overall company operations. The UK is slated to become the sixth market where we operate lotteries, and the third quarter and beginning of the fourth quarter saw two major milestones there.
