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Football

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Tennis

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Darts

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Cricket

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newsallwyn reveals impressive q1 revenue figures that could hit e2 05billion

Allwyn Reveals Impressive Q1 Revenue Figures That Could Hit €2.05Billion

We independently review betting sites. Sign-ups through our links may earn us a commission at no extra cost to you, this never influences our listings’ order.

Global lottery operator Allwyn UK has reported that its Q1 revenue could cross the €2.05billion mark in a preliminary trading update from within the company.

Impressive Q1 Allwyn Gaming Revenue

Although it is not yet sure on the exact gross revenue figures though Q1, Allwyn has reportedly crossed the €2Billion mark which shows huge growth in year on year figures.

Through Q1 in 2023 Allwyn reported gross gaming revenue of just €1.59bn – with this year’s figure of over €2bn showing at least a 29% rise from last year’s same period.

Allwyn picked up a new license for the National Lottery in the UK this year which helped gross revenue significantly with “strong momentum” across most Allwyn markets.

Reflecting on an extremely profitable Q1 this year the CEO of Allwyn, Robert Chvatal, said his company was:“reflecting good operational and financial performance and our ongoing focus on the delivery of our growth strategies.”

“Allwyn remains well positioned for 2024 and for the next chapters of its growth story,” he added.

“In the Czech Republic, GGR growth remained dynamic, up a double-digit percentage year on year on a constant FX basis, with growth across all major products.

“In the United Kingdom, GGR was flat year-on-year on a constant FX and comparable presentation basis, with Numerical Lotteries outperforming.”

A positive January for the UK side of Allwyn was followed by a slightly disappointing couple of months, as Camelot’s lottery deal came to an end.

Allwyn reported: “substantially lower profitability in February and March, with the start of the next licence on February 1, 2024 and the introduction of a new incentive and profitability mechanism.

The official Q1 revenue results will be confirmed by Allwyn on June 7th.

Olly Taliku
Olly Taliku
Olly Taliku

Olly Taliku has worked with highly respected sports and gambling websites where he has produced hundreds of articles, as well as being published with Burton Albion and Chesterfield FC. At Burton Olly worked closely alongside the women's team, producing mainly matchday content including reports and interviews, while at Chesterfield he worked in a similar role but with the academy side, as well as some first team content. He also has experience as an accredited Premier League and EFL writer for Prost International where he worked during the 2021/22 season to produce matchday content as an on location reporter. Olly specialises in football as well as long form SEO content plus news, tips and betting but also produces content on basketball, baseball and American football.

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