Allwyn reported a second quarter in which net revenue rose 27% year on year to €1.246 billion and adjusted EBITDA climbed 29% to €458 million. The group said the quarter was supported by continued momentum in Continental Europe, strong digital growth and the contribution from PrizePicks.
North America net revenue rose from €54 million a year earlier to €294 million in the quarter, with PrizePicks driving the increase. Allwyn said PrizePicks had been consolidated from 16 January and that it had a material effect on both the group’s Q2 figures and the comparability of the prior period.
Q2 net revenue came in at €731 million in Continental Europe and €236 million in the United Kingdom, alongside the €294 million reported in North America. By product line, lottery generated €498 million, sports betting €145 million, iGaming €147 million and daily fantasy sports €231 million.
The company said iGaming and sports betting were its main growth drivers, rising 24% and 12% respectively. Sports betting also benefited from activity linked to the FIFA World Cup 2026. On the profitability side, adjusted EBITDA margin was 36.8%, up from 36.3% a year earlier.
Allwyn said EBITDA growth was driven mainly by PrizePicks and improved profitability in the UK after the commencement of recovery of transformation costs. That was partly offset by higher gaming taxes in Austria and a step-up in licence fee amortisation at LottoItalia. Excluding the impact of the Austrian tax increase, LottoItalia amortisation and the PrizePicks acquisition, adjusted EBITDA growth would have been 9%.
The quarter also carried the imprint of Allwyn’s broader strategy. The company said its second-quarter results reflected progress on investing in products, player experience and product enhancements across the group since the end of the first quarter. It reaffirmed its 2026 outlook, targeting net revenue growth in the mid-to-high 20% range before one-off impacts of about €60 million, and an adjusted EBITDA margin of roughly 37%.
Allwyn also said its board had approved a share buyback programme of up to €150 million during the quarter. By 21 August, it had repurchased 6,538,301 shares for €89 million. The company declared an interim distribution of €0.20 per share for financial year 2026, expected to be paid on 12 November, with a cut-off date of 21 October.
