Betclic’s double-digit growth helps FL Entertainment raise 2023 targets

Betclic’s double-digit growth helps FL Entertainment raise 2023 targets

Article brief provided by SBC News
  • Ted Menmuir, SBC News
August 3, 2023 7:54 PM

FL Entertainment has raised its full-year 2023 EBITDA guidance to €750m [$821m], as the Amsterdam Euronext media conglomerate benefits from M&A expansion and the enhanced performance of its betting and gaming business.

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Publishing its H1 Interim trading results, FL, the parent company of Betclic and majority shareholder of Bet-at-Home AG, reported corporate revenues of €1.92bn, marking a 6.8% year-on-year increase on 2022 results of €1.80bn.

A breakdown of units saw FL’s Banijay media content and distribution unit maintain a 2% uplift in revenues to €1.43bn (H1 2022: €1.4bn) – driven by Banijay re-signing premium ‘super show’ deals for Deal-or-No Deal, Lego Masters, and Big Brother across Europe, Japan, and South America.o H1 2022”.