FDJ Rebrands as FDJ UNITED, Posts Impressive 2024 Financials

La Française des Jeux (FDJ), the operator of France and Ireland’s national lotteries, has published its latest financial report, highlighting strong 2024 results. In addition to that, the company unveiled a new identity, rebranding itself to FDJ UNITED.

FDJ Ends 2024 on a Strong Note

According to FDJ UNITED, its acquisition of Kindred was a major revenue driver. As a result, the company generated revenue of EUR 3.06 billion ($3.31 billion) for the year, up 17% year-on-year. The company also posted recurring EBITDA of EUR 792 million ($857 million), up 21% YOY. EBITDA margin for the period stood at 25.8%.

On a pro forma basis, FDJ UNITED’s revenue reached EUR 3.8 billion ($4.1 billion) and recurring EBITDA of EUR 964 million ($1 billion) at a 25.5% margin.

The performance of Kindred, which FDJ acquired on October 11, was strong, as expected. The division posted revenue of EUR 918 million ($993 million) and recurring EBITDA of EUR 224 million ($242 million).

As of December 31, FDJ UNITED’s net financial debt stood at EUR 1.8 billion (approximately $2 billion).

FDJ UNITED highlighted a net profit of EUR 399 million ($432 million) and an adjusted net profit of EUR 490 million ($530 million). Because of that, it unveiled its plans to propose a dividend of EUR 2.05 ($2.22) at its upcoming shareholders’ meeting.

Thanks to the impressive FY 2024 results, FDJ UNITED published an optimistic 2025 outlook, saying that it expects revenue of around EUR 3.8 billion ($4.1 billion), with a recurring EBITDA margin of over 24%.

2024 Was an Important Year for the Business

Like many other gaming companies, FDJ underwent significant transformations in 2024. The most notable of them was the acquisition of Kindred, which cemented the French operator as a European leader. The offer was launched on February 20 and valued Kindred’s share capital at nearly EUR 2.5 billion.

In addition to that, the European Commission concluded that no state aid was provided during the privatization of FDJ. This confirmed the robustness of the legal framework adopted when the company was privatized.

Another development was the cancelation of 5,730,000 shares following the Court of Cassation’s ruling in favor of FDJ. This represented roughly 3% of the company’s entire share capital, leaving it with a total of 185,270,000 shares.

In the meantime, Moody’s Analytics reaffirmed its 71/100 rating for FDJ. The group therefore retains first place in the ranking of companies in the hotel, leisure goods and services sector.

In 2024, FDJ United continued its responsible gaming initiatives, promoting safer play to its customers. In addition to that, the company continued to provide funding for the preservation of French heritage and reiterated its support for French sports.

CEO Pallez Is Happy with the Performance

Stéphane Pallez, FDJ UNITED’s chair and CEO, commented on the 2024 results, praising the strong performance. She highlighted the integrations of Premier Lotteries Ireland and ZEturf in 2023 and the acquisition of Kindred in 2024 as major business drivers, which will open a new chapter for the company.

With its position as a leader in betting and gaming in Europe, FDJ UNITED has a sturdy base from which to pursue its strategy of creating value for the benefit of all its stakeholders, in keeping with its business model that combines performance and responsibility.

Stéphane Pallez, chair & CEO, FDJ UNITED

In other news, FDJ just restructured its executive team and business units.