Cirsa’s post-IPO growth fuels ambition for Spanish-speaking market lead

Wednesday, September 10, 2025 7:55 PM
Photo:  Shutterstock
  • Europe
  • Latin America
  • Sonja Lindenberg, Next.io

Spain-based gambling operator Cirsa has reported record results for Q2 2025, its first since going public, continuing its decades-long streak of growth despite a challenging economic backdrop.

The company posted operating revenue of €579m [$678m] and EBITDA of €187m [$219m] for the three months ended 30 June, representing year-on-year increases of 11.3% and 9.2%, respectively.

Its EBITDA margin reached 32.3% in Q2 2025. The operator said the results surpassed its previous quarterly records and marked the 68th consecutive quarter of growth, excluding disruption caused by the Covid-19 pandemic.

Cirsa made its public debut on 9 July at €15 per share, attracting more than 250 institutional investors and demand over eight times the offering size.