Net Revenue Reaches €1,246 Million with a 27% Year-on-Year Increase as Full-Year Guidance Is Re-Affirmed
Allwyn has released its preliminary unaudited financial results for Q2 ended June 30, 2026, showcasing robust growth powered by solid momentum across Continental Europe, strong digital expansion, and contributions from PrizePicks.
Q2 2026 Financial Highlights
During the second quarter, Allwyn delivered significant top-line and earnings growth:
- Net Revenue: Reached €1,246 million, marking a 27% increase year-on-year.
- Underlying Growth: Net revenue grew by 5% year-on-year before accounting for PrizePicks and higher gaming taxes in Austria, matching Q1 growth despite tough comparatives from favorable jackpot cycles in the prior year.
- Adjusted EBITDA: Rose 29% year-on-year to €458 million, yielding a margin of 37% (a 0.5 percentage point increase year-on-year).
- Operating EBITDA: Stood at €361 million, up 23% compared to Q2 2025.
- CAPEX: Recorded at €38 million, representing a 39% decrease year-on-year, bringing Adjusted EBITDA minus CAPEX to €420 million.
Operational Progress and Strategic Developments
Allwyn CEO Robert Chvatal highlighted the company’s continuous investment in product enhancements and digital user experiences.
“After a very positive Q1, I’m pleased to announce further strong performance in the second quarter, with Group Net Revenue increasing by 27% year-on-year, to €1.2 billion, and Adjusted EBITDA increasing by 29%, to €458 million. This reflects the strength of our strategy and our success in executing it, as demonstrated by sustained momentum in Continental Europe and the contribution from PrizePicks.”
Key operational milestones include:
- Product Rollouts: Launched new and enhanced draw-based lottery games in Austria, the Czech Republic, and the United Kingdom. Notably, Allwyn became the first operator outside the United States to offer Powerball.
- North American Expansion: Rapidly developed PrizePicks’ platform capabilities, allowing players to combine PlayerPicks with TeamPicks in a single line-up while integrating prediction markets alongside Daily Fantasy Sports (DFS).
- Corporate Structure: Finalized the combination of Allwyn International and OPAP, and subsequently agreed to increase its stake in Next Lotto, a licensed online reseller of state lottery draw-based games in Germany, to 65%, securing a controlling interest.
Shareholder Returns and 2026 Outlook
Reflecting strong cash generation and confidence in long-term growth, the Board declared an interim distribution of €0.20 per share for the 2026 financial year, scheduled for payment on November 12, 2026. Combined with ongoing share buyback efforts—which have seen the company repurchase 6,538,301 shares for €89 million as of August 21, 2026—total capital returns reach €1.19 per share for the calendar year.
Looking forward, Allwyn has re-affirmed its full-year 2026 financial outlook, projecting Net Revenue growth in the mid-to-high 20% range and an Adjusted EBITDA margin of approximately 37%.
