In the fiscal year 2023, Allwyn, a prominent lottery and gaming company, showcased remarkable financial achievements and strategic advancements.
Revenue Performance:
Allwyn recorded significant growth in revenue for FY23, reaching €7.88bn ($8.53bn). This marked a substantial increase from the previous year, with consolidated adjusted EBITDA standing at €1.48bn. Notably, net revenue surged to €3.59bn, depicting a notable 42% rise compared to the preceding fiscal period.
Gross Gaming Revenue (GGR):
The total gross gaming revenue (GGR) for Allwyn soared to €7.55bn, marking a remarkable 98% increase from the previous fiscal year’s €3.81bn.
Excluding Acquisitions:
Excluding acquisitions, Allwyn demonstrated steady growth, with consolidated total revenue and adjusted EBITDA witnessing a 6% and 12% year-on-year increase, respectively.
Acquisitions:
Allwyn’s strategic acquisitions significantly influenced its fiscal performance. Notable among these was the acquisition of Camelot UK, the UK’s National Lottery operator, which contributed to Allwyn’s robust growth strategy.
Expansion and Development:
Throughout FY23, Allwyn pursued an aggressive expansion strategy, exemplified by the rebranding of Camelot Illinois to Allwyn North America and successful launches in new markets such as Austria and Greece. Additionally, strategic partnerships with industry players like Vodafone and 0xCollection bolstered its market presence.
UK Performance:
While Allwyn’s overall performance was impressive, its performance in the UK market experienced a slight decline. Total revenue and GGR in the UK fell by 4%, with net revenue and operating EBITDA also witnessing a decrease of 2% and 5%, respectively. Despite these challenges, Allwyn remains committed to enhancing its presence in the UK market.
Q4 2023:
In Q4 2023, Allwyn maintained its upward trajectory, with consolidated revenue and GGR surging by 97%. Adjusted EBITDA also saw a substantial increase of 30%, reflecting the company’s resilience and adaptability in the face of market dynamics.
CEO Insights:
Robert Chvatal, CEO of Allwyn, expressed satisfaction with the company’s performance in FY23, emphasizing strong financial and operational achievements. He attributed the impressive growth to the dedication and hard work of Allwyn’s employees, highlighting the company’s commitment to excellence and strategic progress.
Allwyn’s fiscal year 2023 was characterized by robust revenue growth, strategic acquisitions, and expansion initiatives. Despite challenges in certain markets, the company’s performance underscores its resilience and ability to capitalize on emerging opportunities. As Allwyn continues to innovate and expand its market footprint, it remains poised for sustained growth and success in the dynamic gaming industry.