Lottomatica lifts EBITDA, trims revenue guidance; stock up By Investing.com
Update: 2025-11-04
Description
Lottomatica's Q3 results showcase a positive outlook despite slightly lower-than-expected revenue. The Italian betting and gaming company reported increased profits, driven by a 10% rise in online betting revenue and a 19% profit boost. The PWO migration project, though causing short-term revenue challenges, led to improved efficiency and stronger profits. Lottomatica lowered its 2023 revenue forecast but raised its EBITDA projection, reflecting confidence in future profits. Investors are optimistic about the company's digital growth and operational refinements.
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