Good 1st Quarter of 2024 for FDJ, in line with Group projections

Regulatory News:

La Française des Jeux (FDJ) (Paris:FDJ), France’s leading gaming operator, has announced its revenue for the 1^st quarter of 2024.

Stéphane Pallez, Chairwoman and CEO of the FDJ Group, said: “FDJ has made a good start to the year, in line with its 2024 objectives. All our activities are growing, thanks to our network of over 29,000 retailers and a dynamic online gaming business, which now accounts for 15% of the Group’s gaming revenue. We are also confidently pressing ahead with the Kindred acquisition announced at the end of January.”

Highlights of the 1^st quarter of 2024

- Revenue up 7% to 710 million euros

	Q1 2024 €m	Q1 2023 €m	Change in %	of which change on a like-for-like basis %
Lottery	504	497	+1.4%	+1.4%
Sports betting and competitive online gaming	141	129	+9.5%	+0.9%
Other activities	65	37	+77.4%	-3.7%
Group total	710	662	+7.2%	+1.1%

Revenue for the 1^st quarter of 2024 came to 710 million euros, up 7.2% and 1.1% on a like-for-like basis, a performance in line with Group projections.

• Gaming revenue in France rose by 3.1% to 645 million euros.
  • Lottery revenue rose by 1.4% to 504 million euros, driven by over 4% growth in instant games, driven by the success of gaming portfolio animation such as the launch of Ticket d’Or (€5) at the beginning of January. Draw games, as expected given the unfavourable base effect, mainly for Amigo, were down by 3%. Excluding Amigo, which decline is attributable to its new formula launched at the beginning of June 2023 has stabilised, lottery revenue would have grown by more than 4%.
  • In sports betting & online gaming open to competition, revenue came to 141 million euros, up 9.5% and up 0.9% excluding the integration of ZEturf, despite a high basis for comparison in the 1^st quarter of 2023, which had benefited in particular from the very positive impact of the World Cup at the end of 2022.