Gaming giant Allwyn International has published its unaudited financial report for the third quarter of the year, reporting stable financials. Officials highlighted the company’s significant strategic progress and expressed optimism about its future.
Allwyn’s Growth Was Offset by High Costs and Customer-Friendly Results
In its Q3 report, Allwyn reported good top-line growth momentum. The company’s total revenue for the period stood at EUR 2.2 billion ($2.6 billion), marking a 4% improvement from Q3 2024. Most of this came from the company’s gaming operations, with GGR reaching EUR 2.1 billion ($2.43 billion), up 5% year-on-year. In the meantime, Allwyn’s net revenue for the third quarter of 2025 was EUR 1 billion ($1.2 billion), marking a 5% improvement from Q3 2024.
Allwyn’s operating EBITDA for Q3 2025 decreased slightly to EUR 301 million ($348.7 million). This represented a decrease of 16% from the prior-year period. Adjusted EBITDA, on the other hand, decreased from EUR 406 million in Q3 2024 to EUR 375 million ($434.5 million) in Q3 2025. This was due to a variety of factors, including customer-friendly sports betting results and higher corporate costs.
As of the end of the quarter, Allwyn had adjusted free cash flow of EUR 302 million ($349.9 million), down 11% year-on-year.
It should be noted that the aforementioned figures do not include contributions from Allwyn’s casino operations in Germany due to their sale in July.
Other Q3 2025 highlights included the acquisition of a majority stake in PrizePicks, opening up new opportunities for Allwyn in North America. Following the end of the quarter, Allwyn unveiled a merger with OPAP, creating the second-largest listed lottery and gaming operator in the world.
CEO Chvatal Was Pleased with the Progress
Robert Chvatal, Allwyn’s chief executive officer, said that he was pleased with Allwyn’s solid financial performance and the company’s continued growth efforts. He was pleased by the profitability figures despite the setbacks and customer-friendly sports betting results of the Betano brand.
Chvatal was incredibly excited about the PrizePicks and OPAP deal, saying that they will allow his team to enter a new phase of growth. At the same time, Allwyn began its rollout as a consumer-facing brand in the Czech Republic and Greece.
Our progress so far this year reinforces the strength of our proven strategy and, looking forward, we are well prepared to deliver the next phase of our growth story and further strategic progress.
Robert Chvatal, CEO, Allwyn
The financial report’s publication comes shortly after Allwyn unveiled a new holiday campaign in the UK.