FDJ Reports its 2024 Revenue and Recurring EBITDA

La Française des Jeux (FDJ), a leader in betting and gaming in Europe, has reported its 2024 revenue and recurring EBITDA.

In view of the legislation in the process of being adopted by Parliament, the Group also provided information on the impact on its 2025 performance of tax increases on betting and gaming in France and announced the implementation of a multi-year action plan to offset it.

Very strong performance in 2024, ahead of expectations

• Integrating Kindred with effect from 11 October and on the basis of the scope of business retained, FDJ generated revenue of €3,065 million in 2024, up 17%. Excluding Kindred, the increase was 10%, while revenue from gaming in France was up 6%.

• The Group generated recurring EBITDA of €792 million, up 21%, generating a margin of 25.8%.

• On a pro forma basis, assuming Kindred had been acquired on 1 January 2024 and based on the scope of business actually retained by FDJ, Group revenue comes out at nearly €3.8 billion, with a current EBITDA margin of around 25.5%.

France’s 2025 Social Security Financing Act will significantly affect the Group’s expected performance

• As the legislation in the process of being adopted by Parliament currently stands, FDJ estimates that the increase in betting and gaming levies in France applicable with effect from 1 July 2025 will automatically reduce its revenue and recurring EBITDA by nearly €45 million in financial year 2025, equating to a full-year impact of nearly €90 million.

The Group has begun to take steps which will have a phased effect and are designed to fully offset the impact of these tax increases by 2027. The Group will present its 2024 results and outlook on Thursday, 6 March 2025.