Lottomatica Group Spa (LTMGF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. This is the Coruscant Conference Operator. Welcome and thank you for joining Lottomatica Group's first quarter 2026 results conference call. As a reminder, all participants are in listen-only mode. After the presentation, there will be an opportunity to ask questions. Should anyone need assistance during the conference call, they may signal an operator by pressing star and zero on their telephone. At this time, I would like to turn the conference over to Mr. Mirko Senesi, head of IR at Lottomatica. Please go ahead, sir. Thanks, operator, and good morning to everyone. Welcome to Lottomatica Q1 2026 result presentation. I'm here today with our CEO, Guglielmo Angelozzi, and our CFO, Lorenzo Mallancher. Now, the floor directly to Guglielmo for the presentation. Guglielmo, please. Thanks, Mirko, and good morning, everybody. uh we can start with page two of the presentation very happy to share with you another very good quarter um ebita continues to grow double digit on a normalized level and also revenues and uh we have a positive seven percent uh EBITDA also on a reported basis notwithstanding the negative sports payout in the quarter. This is on the back of a very strong market. As you can appreciate from the two graphs on the below part of the slide, online has continued to grow mid-double digit in terms of bets and so total sports, meaning online and retail. And at the same time, we've performed well in competitive terms, as you will appreciate in a few minutes. So let's get to page number three. Well, this is the list of the main items that we think is relevant to comment for the quarter. As I said, the market has been strong. Tail operators have continued to lose market share, particularly in iGaming. No issue from prediction market, notwithstanding ...