France: FDJ’s total Q1 revenue up 7%

France: FDJ’s total Q1 revenue up 7%

Article brief provided by Gambling Insider
  • Beth Turner, Gambling Insider
April 17, 2024 7:57 PM
  • Beth Turner, Gambling Insider

La Française des Jeux (FDJ) has released its financial results for the first quarter of 2024. In total, group revenue came to €710m ($755.6m), up 7% from the €662m reported this time last year. However, on a like-for-like basis, this reflects growth of a marginal 1.1%.

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In total, gaming revenue in France was up 3% at €645m, with online games accounting for €100m of FDJ’s total quarterly earnings; 15% of its total gaming revenue.

The most significant growth metric was reported from other activities, which include payment and services and international operations. This segment grew 77.4% from Q1 2023’s €37m to this year’s €65m, though on a like-for-like basis, €65m reflects a decline of 3.7%.