March 27, 2024 3 min read


Allwyn Reports Solid Results and Growth in Q4 and 2023

The figures were positively impacted by strategic acquisitions and expansions into new jurisdictions

The leading lottery company with a strong presence across the globe, Allwyn, released its latest financial update Wednesday. The company uncovered details regarding its performance for the fourth quarter and full year 2023. Besides the preliminary figures, Allwyn highlighted achievements completed during and after the trading period which ended December 31, 2023.

For the twelve months ended December 31, 2023, the company reported consolidated total revenue of €7.88 billion ($8.5 billion). The FY 2023 total revenue result marked a strong 6% year-over-year growth if the acquisition of Camelot UK is excluded. According to Allwyn, on a “reported basis,” the increase in total revenue year-over-year was 98%.

Not unexpectedly, adjusted EBITDA in 2023 increased as well, hitting €1.48 billion ($1.6 billion). Compared to the 2022 figure, this result showed a 12% increase excluding the aforementioned acquisition. On a reported basis, adjusted EBITDA increased 27% year-over-year, said Allwyn.

In 2023, the company completed the acquisition of Camelot UK. Moreover, it dedicated manpower and efforts, ensuring the successful start of Allwyn UK’s license for the National Lottery. The launch was completed after the trading period and helped further grow Allwyn’s global footprint.

Focusing on the fourth quarter of 2023, the company highlighted growth in terms of total revenue. Excluding Camelot’s acquisition, Allwyn posted Q4 revenue of €2.18 billion ($2.36 billion), up by 4% year-over-year. Similarly, adjusted EBITDA in Q4 grew as well. For the fourth quarter of 2023, Allwyn posted €388.5 million ($420.3 million) in adjusted EBITDA, a figure that marked a 15% year-over-year increase.

The Company Closes a Successful Year

Robert Chvatal, Allwyn’s CEO, shared his excitement about the latest results. He acknowledged that 2023 represented a year that was successful financially and operationally for the company. Moreover, Chvatal confirmed that Allwyn remains dedicated to its growth strategy that enables it to grow while ensuring safe entertainment for its customers.

I am pleased to report that 2023 was another year of strong financial and operational performance and strategic progress. We continued to execute our growth strategies successfully, while maintaining our relentless focus on safer play and accountability to all our stakeholders.

Robert Chvatal, CEO at Allwyn

Allwyn’s boss spoke about the importance of the acquisition of Camelot and the ongoing expansion of the company into new jurisdictions. “We sustained momentum in product development and innovation, with a highlight of the year being new launches in the exciting annuity category in Austria, the Czech Republic, and Greece and Cyprus,” he added. Chvatal did not forget to express gratitude to the company’s employees for their dedication, hard work and consistency that led to the latest exceptional results.


William Velichkov is a research-driven writer. His strengths lie in ensuring factual accuracy, vetting government documentation and reaching out to regulators and other officials. He is particularly fond of financial reporting, the sports betting industry, B2B partnerships and esports betting developments. William is a strong asset to the GamblingNews team as he adds a bedrock to our reporting.

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