Allwyn Reports Strong Q3 2022 Results Driven by Online Growth and UK Lottery Win

A prominent lottery corporation, Allwyn, unveiled outstanding financial outcomes for the third quarter, showcasing an 11% surge in overall gaming proceeds year-over-year, reaching €958.6 million (equivalent to roughly $994.3 million). This upswing highlights the firm’s robust presence in the market and the enduring allure of its lottery products.

The enterprise’s modified EBITDA also witnessed a substantial rise, escalating by 10% in comparison to the corresponding timeframe last year, hitting €319.9 million. This favorable trajectory is ascribed to Allwyn’s calculated emphasis on operational effectiveness and expansion endeavors. Nonetheless, the adjusted EBITDA margin encountered a minor decline year-on-year, settling at 54%, which Allwyn connects to tactical investments within its operations.

Clear gaming income underwent vigorous growth, mirroring the overarching positive pattern, and escalated by 10% to exceed €532.2 million documented in the third quarter of 2021. This expansion was primarily propelled by the commendable performance of Allwyn’s digital operations within the Czech Republic, which currently constitute a considerable segment of the company’s total sales figures.

Allwyn connects its robust performance in 2022 to the remarkable expansion of its online sales within the Czech Republic, where the company’s internet-based channels now represent 46% of total sales, a rise from 39% during the same period in the preceding year.

Further enhancing its accomplishments, Allwyn’s share value received a boost in the third quarter subsequent to the formal granting of the fourth UK National Lottery permit, slated to commence in February 2024. This significant accomplishment positions Allwyn as a key contender within the UK lottery sector and is anticipated to contribute substantially to the company’s prospective expansion.

Robert Chvatal, the CEO of Allwyn, conveyed his contentment with the company’s achievements, remarking, “Allwyn generated another phase of robust financial results. We also persisted in executing our organic and inorganic growth blueprint, with particularly encouraging advancements achieved in the UK.”

He went on to emphasize the primary catalysts behind Allwyn’s triumph, stating, “During the third quarter, our gross gaming revenue in total expanded by 11%, and consolidated modified EBITDA rose by 10% year-on-year, propelled solely by internal elements, reaffirming the resilience of our business framework and the demand for our offerings.”

Chvatal’s upbeat remarks reflect Allwyn’s solid standing within the market and its dedication to delivering consistent growth in the times ahead.

Maintained a sharp concentration on bolstering our earnings and ensuring a steady stream of revenue. Our streamlined operational approach and unwavering commitment to productivity provide us with a distinct advantage. Entering the UK market represents a significant milestone – marking our presence in a sixth lottery sector! We observed some truly promising indicators in the third and early fourth quarters. This achievement is substantial and merely the first step in our journey.