FDJ United has vowed to turn its fortunes around in the UK and Netherlands after tax continued to hamper its performance in Q1.
In its Q1 2026 earnings, released on Tuesday, group GGR edged up 1% year-on-year to €2.175 billion [$2.546 billion], while revenue was down 3% to €895 million [$1.05 billion], hindered by a €24 million [$28 million] impact from gaming taxes.
FDJ’s online betting and gaming unit, made up of its Kindred operations, reported a GGR decrease of 1% to €342 million, while revenue fell 8% to €213 million.
But when excluding the UK and the Netherlands, which hiked their gambling tax rates in 2025 and 2026, FDJ’s Q1 GGR from its online betting and gaming unit rose 6%, while revenue was down just 1%.
