{"id":47524,"date":"2026-07-29T21:20:00","date_gmt":"2026-07-29T19:20:00","guid":{"rendered":"http:\/\/www.businesswire.com\/news\/home\/20260729733657\/en\/FDJ-UNITED---H1-2026\/?feedref=Zd8jjkgYuzBwDixoAdXmJgT1albrG1Eq4mAeVP39212bri8lIe-zl5tWvCOnRHW3evRMp3sIgu8q3wq1OF24lT93qbEzrwa15HGbLqMObxY5fjCLYi_If30KxIsYuhwbuLAuCkn8FS6sh-I3dfDZEg=="},"modified":"2026-07-29T21:20:00","modified_gmt":"2026-07-29T19:20:00","slug":"fdj-united-h1-2026","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=47524","title":{"rendered":"FDJ UNITED &#8211; H1 2026"},"content":{"rendered":"<p class=\"bwalignc\">\n<b>Gross gaming revenue of \u20ac4,314m, down 1.3%\n<br\/><\/b><b>Revenue of \u20ac1,782m, down 4.5%, <\/b><b>impacted by gaming taxes increases\n<br\/><\/b><b>Recurring EBITDA margin of 22.7% in line with annual target<\/b><\/p><p>BOULOGNE-BILLANCOURT, France--(BUSINESS WIRE)--Regulatory News:<\/p><p>\nFDJ UNITED (Paris:FDJU):<\/p><ul class=\"bwlistdisc\">\n<li>\n<b>French lottery and retail sports betting BU: gross gaming revenue (GGR) of \u20ac3,429m (-2.0%) and revenue of \u20ac1,240m (-3.9%)<\/b><\/li>\n<\/ul><ul class=\"bwlistcircle bwmarginl2\">\n<li>\nThe lottery reported a 2.1% decline in GGR in the first half of the year, to \u20ac2,979m, and a 4.0% decline in revenue, to \u20ac1,022m. This underperformance is due to the significantly lower number and amounts of major Euromillions jackpots compared to 2025 and, in the second quarter, lower traffic at points of sale, largely due to exceptional heatwaves<\/li>\n<li>\nExcluding long Euromillions cycles<sup>1<\/sup> in the first half of the year, GGR for the lottery rose by 1.0% and for the online lottery by 6.0%<\/li>\n<li>\nIn the second half, the Group is rolling out a sales action plan to support the lottery business. Furthermore, as part of its medium-term strategy, it continues to invest in refreshing its game offering and driving innovation, including in 2027 the relaunch of Euromillions and Loto and the launch of a new \u20ac10 instant game, efforts to enhance the appeal of its digital offering and the continued expansion of under banners points of sale<\/li>\n<li>\nThe performance of point-of-sale sports betting improved in the second quarter, driven by a more attractive offering than in the first quarter. In the first half of the year, GGR and revenue declined by 1.1% to \u20ac450m and 2.9% to \u20ac218m, respectively<\/li>\n<\/ul><ul class=\"bwlistdisc\">\n<li>\n<b>Online betting and gaming BU \u2013 performance in line with expectations: GGR stable at \u20ac702m, while revenue declined by 7.4% to \u20ac431m<\/b><\/li>\n<\/ul><ul class=\"bwlistcircle bwmarginl2\">\n<li>\nExcluding the Netherlands and the United Kingdom, GGR rose 6.6% and revenue increased 0.6%, driven in particular by a strong performance in France and Scandinavia<\/li>\n<li>\nIn the Netherlands, business continued to improve despite a persistently challenging environment. Compared with 2025, the 15.0% decline in GGR in the first quarter was significantly\n<br\/>reduced to 4.1% in the second quarter. In the United Kingdom, as expected, the situation remains difficult, and the ongoing actions plan will begin to yield results by the end of 2026<\/li>\n<li>\nThe new management team is committed to implementing the action plans designed to gradually restore performance, in particular by prioritising marketing investments and optimising player experience.<\/li>\n<\/ul><ul class=\"bwlistdisc\">\n<li>\n<b>Strong performance for the FIFA World Cup <\/b>(June 11 \u2013 July 19): stakes over \u20ac700m for the Group and high payout ratio to players, in line with forecasts<\/li>\n<li>\n<b>Recurring EBITDA of \u20ac404m, a 22.7% margin<\/b><\/li>\n<\/ul><ul class=\"bwlistcircle bwmarginl2\">\n<li>\nIn addition to the decline in variable costs in line with business activity, the implementation of the performance plan helped reduce the Group\u2019s fixed costs by 2.8%<\/li>\n<\/ul><ul class=\"bwlistdisc\">\n<li>\n<b>Adjusted net profit of \u20ac180m, <\/b>impacted by the exceptional tax contribution on the profits of large companies for \u20ac20m.<\/li>\n<li>\n<b>A very solid balance sheet, with net financial debt of \u20ac1,964m; Moody\u2019s Baa1 rating confirmed<\/b><\/li>\n<li>\n<b>The Group continues to optimize its resource allocation. In this context, it has launched a review of its market portfolio within Online betting and gaming BU, as well as non-core assets, notably within the Payment and Services BU<\/b><\/li>\n<li>\n<b>For the 2026 financial, FDJ UNITED:<\/b><\/li>\n<\/ul><ul class=\"bwlistcircle bwmarginl2\">\n<li>\nis now targeting a stable GGR, both in the French lottery and retail sports betting BU and the Online betting and gaming BU, and a low single-digit decline in revenue<\/li>\n<li>\nand confirms\n<ul class=\"bwlistsquare\">\n<li>\na recurring EBITDA margin that remains between 23% and 24%, thanks to continued\n<br\/>implementation of the performance plan launched in 2025 \u2013 in line with its multi-year objectives \u2013 and enhanced financial discipline that safeguards growth investments<\/li>\n<li>\nan annual increase in the dividend, based on a payout ratio of at least 75% of adjusted net profit<\/li>\n<\/ul><\/li>\n<\/ul><p>\nFDJ UNITED, a leader in betting and gaming in Europe, announces its results for the first half of 2026.<\/p><p>\n<b>St\u00e9phane Pallez, Chairwoman and Chief Executive Officer of FDJ UNITED, said: <\/b>\"The Group\u2019s performance in the first half is still affected by higher taxation, alongside factors inherent to the lottery business and the impact of exceptional heatwaves which have weighed on traffic at points of sale in France. Backed by solid fundamentals and a robust financial structure, FDJ UNITED continues to invest in innovation, the attractiveness of its product portfolio and the acceleration of its transformation in order to return to a path of sustainable, profitable and value-creating growth.\u201d<\/p><p>\n<b>Key figures (in millions of euros)<\/b><\/p><table cellspacing=\"0\" class=\"bwblockalignl bwtablemarginb bwwidth100\">\n<tr>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>H1 2026<\/b><\/p><\/td><td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>H1 2025<\/b><\/p><\/td><td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<i>% <b>Change\n<br\/><\/b><\/i><b><i>H1 2026 vs. H1 2025<\/i><\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignl bwcellpmargin\">\nRevenue*<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n1,782<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n1,867<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<i>-4.5%<\/i><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignl bwcellpmargin\">\nRecurring operating income<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n229<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n270<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<i>-15.1%<\/i><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignl bwcellpmargin\">\nNet income<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n-16<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n136<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<i>N\/A<\/i><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignl bwcellpmargin\">\nAdjusted net profit**<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n180<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n222<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<i>-19.0%<\/i><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignl bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwsinglebottom bwpadl0 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwsinglebottom bwpadl0 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwsinglebottom bwpadl0 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignl bwcellpmargin\">\nRecurring EBITDA***<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n404<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n441<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<i>-8.4%<\/i><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignl bwcellpmargin\">\nRecurring EBITDA margin<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n22.7%<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n23.6%<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwalignc\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<i>-90 bp<\/i><\/p><\/td><\/tr>\n<\/table><p>\n<i>* Revenue: net gaming income and income from other activities\n<br\/><\/i><i>** Adjusted net profit: consolidated net income restated to exclude amortisation of intangible and tangible assets recognised or revalued during the allocation of the purchase price of business combinations; impairment losses on intangible assets recognised at the time of business combinations or subsequently; and changes in deferred taxes resulting from these adjustments\n<br\/><\/i><i>*** Recurring EBITDA: recurring operating income adjusted for depreciation and amortisation expense<\/i><\/p><p>\n<b><span class=\"bwuline\">Strengthened social commitments<\/span><\/b><\/p><ul class=\"bwlistdisc\">\n<li>\n<b>Player protection and prevention of underage gaming<\/b><\/li>\n<\/ul><p>\nFDJ UNITED continues its commitment to responsible gaming through:<\/p><ul class=\"bwlistcircle bwmarginl2\">\n<li>\nIts support for Arpej\u2019s \u201cOp\u00e9ra\u201d program<sup>2<\/sup>, which has already raised awareness among more than 50,000 young people about the risks associated with gaming;<\/li>\n<li>\nIn conjunction with the World Cup, it is also stepping up its prevention efforts by supporting the extended hours of the SOS Joueurs chat service and by launching, through Unibet and Parions Sport, campaigns dedicated to combating excessive gaming and underage gaming.<\/li>\n<\/ul><ul class=\"bwlistdisc\">\n<li>\n<b>Recognition of CSR excellence and climate performance<\/b><\/li>\n<\/ul><p>\nThe Group has been recognised for its commitment to sustainable development:<\/p><ul class=\"bwlistcircle bwmarginl2\">\n<li>\nBy being included in S&amp;P Global\u2019s \u201cSustainability Yearbook 2025\u201d, which recognises the world\u2019s top-performing companies in ESG;<\/li>\n<li>\nAnd by earning, for the fifth consecutive year, the highest carbon rating of \u201cA\u201d from the V\u00e9rit\u00e940 Index, which highlights the company\u2019s consistent efforts to promote climate transparency and the ecological transition.<\/li>\n<\/ul><ul class=\"bwlistdisc\">\n<li>\n<b>Renewed commitment to preserving biodiversity<\/b><\/li>\n<\/ul><ul class=\"bwlistcircle bwmarginl2\">\n<li>\nMission Nature raised nearly \u20ac10 million for the French Office for Biodiversity (OFB) in 2026. Over the past four years, over \u20ac32 million has helped support more than 90 biodiversity conservation projects. As a \u201cmajor sponsor\u201d of the OFB, FDJ UNITED has also renewed its commitment with a further \u20ac700,000 for two years, bringing its total contribution to more than \u20ac2.5 million since 2023.<\/li>\n<li>\nAgainst a backdrop of increasing frequency and severity of forest fires in France, the 2027\n<br\/>edition of Mission Nature will be dedicated to forests. In addition, dedicated events will be\n<br\/>organised in the autumn to raise funds for the restoration of French forests.<\/li>\n<\/ul><p>\n<b><span class=\"bwuline\">Activity and results for H1<\/span><\/b><\/p><p>\nGross gaming revenue (GGR) for the first half of 2026 totalled \u20ac4,314m, down 1.3%. After \u20ac2,613m in public levies (+0.7%), net gaming revenue (NGR<sup>3<\/sup>) came to \u20ac1,701m, down 4.1%.<\/p><p>\nIncluding income from other activities, the Group's half-yearly revenue amounted to \u20ac1,782 million, down 4.5%.<\/p><p>\nRevenue growth was negatively impacted by \u20ac52 million in tax increases on gaming (in France, the United Kingdom, the Netherlands and Romania), reducing growth by 3 points.<\/p><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwtopsingle bwsinglebottom bwleftsingle bwrightsingle bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Revenue (in \u20acm)<\/b><\/p><\/td><td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwalignc bwvertalignm\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>H1 2026<\/b><\/p><\/td><td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwalignc bwvertalignm\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>H1 2025<\/b><\/p><\/td><td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwalignc bwvertalignm\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>% Change H1 2026\n<br\/><\/b><b>vs H1 2025<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nFrench lottery and retail sports betting<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwvertalignm\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n1,240<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwvertalignm\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n1,290<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwvertalignm\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n-3.9%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nOnline betting and gaming<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwvertalignm\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n431<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwvertalignm\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n466<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwvertalignm\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n-7.4%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nInternational lottery<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwvertalignm\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n81<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwvertalignm\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n80<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwalignc bwvertalignm\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n+1.4%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nPayment and Services<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwvertalignm\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n30<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwvertalignm\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n31<\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwvertalignm\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n-4.9%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Group total<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwvertalignm\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>1,782<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwvertalignm\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>1,867<\/b><\/p><\/td><td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwpadb3 bwalignc bwvertalignm\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n<b>-4.5%<\/b><\/p><\/td><\/tr>\n<\/table><p>\n<b><span class=\"bwuline\">By BU:<\/span><\/b><\/p><ul class=\"bwlistdisc\">\n<li>\n<b><span class=\"bwuline\">French lottery and retail sports betting<\/span><\/b><\/li>\n<\/ul><p>\nIn the first half of 2026, GGR and revenue from the French lottery and retail sports betting BU\u2019s operations declined by 2.0% to \u20ac3,429 million and by 3.9% to \u20ac1,240 million, respectively. Revenue was affected by the increase in gaming taxes in France from 1 July 2025, amounting to more than \u20ac28 million.<\/p><ul class=\"bwlistcircle\">\n<li>\nLottery GGR fell by 2.1% to \u20ac2,979 million, and revenue declined by 4.0% to \u20ac1,022 million. This underperformance is due to the significantly lower number and amounts of major Euromillions jackpots compared to 2025 and, in the second quarter, lower traffic at point-of-sale, largely due to exceptional heatwaves. GGR from draw games was down 7.6%, while it rose 2.3% for instant games. The lack of momentum in draw games also weighed on the online lottery, where GGR during the first half was down slightly (-1.3%).<\/li>\n<li>\nExcluding Euromillions long cycles in the first half of the year, GGR for the lottery rose by 1.0% and for the online lottery by 6.0%<\/li>\n<\/ul><ul class=\"bwlistcircle\">\n<li>\nThe trend in point-of-sale sports betting improved in the second quarter, driven by a more\n<br\/>attractive offering. In the first half, GGR fell by 1.1% to \u20ac450 million, while revenue declined by 2.9% to \u20ac218 million.<\/li>\n<li>\nAcross the entire BU, point-of-sale revenue was down 4.0%.<\/li>\n<\/ul><p>\nVariable expenses account for more than two-thirds of the BU's expenses. In the first half, these costs amounted to \u20ac549 million, of which \u20ac501 million were for retailers\u2019 remuneration, and declined by 3.3% notably due to the decrease in business activity.<\/p><p>\nFixed expenses of \u20ac267 million rose 3.7%, and 2.3% excluding the additional advertising tax that came into effect on 1 July 2025, for nearly \u20ac4 million. This increase is attributable to IT services (+8.4% to \u20ac42 million), while personnel expenses (\u20ac109 million) and administrative and general costs (\u20ac19 million) remained virtually unchanged.<\/p><p>\nThe BU's recurring EBITDA came to \u20ac423 million, representing a margin of 34.1%, compared with 36.0% in H1 2025.<\/p><ul class=\"bwlistdisc\">\n<li>\n<b><span class=\"bwuline\">Online betting and gaming<\/span><\/b><\/li>\n<\/ul><p>\nIn the first half of 2026, GGR for the Online betting and gaming BU remained stable at \u20ac702 million (-0.2%), with larger events in the second quarter, including the final stages of the Champions League and the FIFA World Cup. The cumulative effect of tax increases on gaming (France, the United Kingdom, the Netherlands, and Romania) \u2013 totalling nearly \u20ac24 million \u2013 impacted revenue, which fell by 7.4% to \u20ac431 million. Second-quarter revenue came to \u20ac218m, up 2.4% on the first quarter.<\/p><ul class=\"bwlistcircle\">\n<li>\nExcluding the Netherlands and the United Kingdom, GGR rose 6.6% and revenue increased 0.6%, driven in particular by a strong performance in France and Scandinavia.<\/li>\n<li>\nIn the Netherlands, the situation improved significantly despite the continued challenging\n<br\/>environment. Second-quarter GGR rose by more than 10% compared with the first quarter. Compared with 2025, the 15.0% decline in GGR in the first quarter was significantly reduced to 4.1% in the second quarter. In the United Kingdom, as expected, the situation remains difficult, and the ongoing action plan will begin to yield results by the end of 2026.<\/li>\n<\/ul><p>\nVariable expenses of \u20ac126 million \u2013 which account for more than one-third of the BU\u2019s expenses \u2013 decreased by 6.3% due to the decline in business activity.<\/p><p>\nFixed costs of \u20ac238 million remained virtually unchanged (+0.8%) and in fact decreased by 1.0% excluding the impact of the additional tax on advertising in France, which amounted to over \u20ac4 million. IT services (\u20ac30 million) and personnel expenses (\u20ac91 million) remained virtually unchanged, while administrative and general expenses (\u20ac19 million) fell by 8.5%.<\/p><p>\nRecurring EBITDA came to \u20ac67 million, representing a margin of 15.5%, compared with 20.3% in the first half of 2025.<\/p><ul class=\"bwlistdisc\">\n<li>\n<b><span class=\"bwuline\">International lottery<\/span><\/b><\/li>\n<\/ul><p>\nThe International Lottery BU posted revenue of \u20ac81 million (vs \u20ac80 million in H1 2025), with recurring EBITDA of \u20ac17 million (compared with \u20ac15 million in H1 2025). The improvement in performance was driven by Premier Lotteries Ireland, with growth across all product lines and channels \u2013 particularly digital \u2013 while the B2B business declined sharply following the decision to terminate certain unprofitable contracts.<\/p><ul class=\"bwlistdisc\">\n<li>\n<b><span class=\"bwuline\">Payment and Services<\/span><\/b><\/li>\n<\/ul><p>\nThe Payment and Services BU reported revenue of \u20ac30 million (vs. 31 million in H1 2025), as the BU gradually optimised its business portfolio, with recurring EBITDA of -\u20ac3 million (compared with -\u20ac2 million in H1 2025).<\/p><ul class=\"bwlistdisc\">\n<li>\n<b><span class=\"bwuline\">Holding company<\/span><\/b><\/li>\n<\/ul><p>\nCentral costs amounted to \u20ac100 million, compared with \u20ac130 million in H1 2025. Last year, these included \u20ac14 million in costs related to the employee shareholding plan. In addition, administrative and general expenses were reduced, primarily through lower consulting and property-related costs.<\/p><p>\n<b><span class=\"bwuline\">Recurring EBITDA of \u20ac404 million, representing a recurring EBITDA margin of 22.7%, and recurring operating profit of \u20ac229 million<\/span><\/b><\/p><p>\nCost of sales amounted to \u20ac760 million, down 3.8%. This trend is linked to the level of activity, which has led to a decrease in remuneration of retailers in the French lottery and retail sports betting BU and of service providers in the Online betting and gaming BU, as well as the benefits of the commercial reorganisation through the in-house integration of sales intermediaries in France.<\/p><p>\nMarketing costs of \u20ac166 million include advertising and promotional design costs, as well as \u20ac8 million in additional advertising tax in France, which took effect on 1 July 2025. Excluding the latter, marketing costs decline by 1.4%.<\/p><p>\nIT services amounted to \u20ac91 million (+2.6%). They cover the costs of outsourcing the development and IT operation of games and services.<\/p><p>\nStaff costs came to \u20ac288 million. In 2025, these costs included those related to the employee shareholding scheme; excluding those costs, they remained stable. General and administrative costs mainly comprise consulting fees, central functions and real estate costs. They were reduced by 13.2%.<\/p><p>\nRecurring EBITDA came to \u20ac404 million, down 8.4% compared with \u20ac441 million in H1 2025.<\/p><p>\nAs a result, the recurring EBITDA margin stood at 22.7% in H1 2026, compared with 23.6% in H1 2025.<\/p><p>\nNet depreciation and amortisation charges on tangible and intangible assets amounted to \u20ac175 million (+2.1%).<\/p><p>\nThe Group's current operating income was thus \u20ac229 million, down 15.1%.<\/p><p>\nOther non-recurring operating profit and expenses amounted to -\u20ac142 million, compared to -\u20ac10 million in H1 2025. This increase is primarily due to \u20ac135 million in impairment charges on intangible assets in the Online betting and gaming BU.<\/p><p>\nThe financial result was -\u20ac34 million, compared with -\u20ac37 million in H1 2025.<\/p><p>\nThe Group\u2019s tax expense amounted to \u20ac69 million, compared with \u20ac90 million in H1 2025. Excluding the impact of impairment losses on intangible assets, the effective tax rate was 46.1% in H1 2026, compared with 40.4% in H1 2025. The effective tax rate is affected, in particular, by the exceptional tax on the profits of large companies.<\/p><p>\nConsolidated net income for H1 2026 thus amounted to -\u20ac16 million, compared with \u20ac136 million in H1 2025.<\/p><p>\n<b><span class=\"bwuline\">Adjusted net profit of \u20ac180 million<\/span><\/b><\/p><p>\nAfter adjusting consolidated net income for:<\/p><p class=\"bwmarginl1\">\n- depreciation and amortisation of intangible and tangible assets, recognised or revalued when allocating the purchase price of business combinations;\n<br\/>- impairment losses on intangible assets recognised at the time of business combinations or subsequently;\n<br\/>- changes in deferred tax resulting from these adjustments;<\/p><p>\nadjusted net profit reached \u20ac180 million, down 19.0% versus the \u20ac222 million in H1 2025.<\/p><p>\n<b><span class=\"bwuline\">A solid balance sheet structure<\/span><\/b><\/p><p>\nNet financial debt, an indicator of the Group\u2019s net financial position, stood at \u20ac1,964 million at the end of June 2026, unchanged from the end of June 2025.<\/p><p>\nIn July 2026, Moody\u2019s confirmed the Group\u2019s investment-grade Baa1 rating with a stable outlook, reflecting the Group\u2019s financial strength.<\/p><p>\n<b><span class=\"bwuline\">Outlook<\/span><\/b><\/p><ul class=\"bwlistdisc\">\n<li>\n<b>As part of its medium-term strategy, the Group continues to invest in numerous initiatives to return to profitable growth<\/b><\/li>\n<\/ul><ul class=\"bwlistcircle bwmarginl2\">\n<li>\nThe French lottery and retail sports betting BU is rolling out a sales action plan to support lottery operations in the second half of 2026, featuring additional events for Euromillions, Loto and\n<br\/>Eurodreams. Furthermore, as part of its medium-term strategy, it continues to invest in refreshing its game offering and driving innovation, including in 2027 the relaunch of Euromillions and Loto and the launch of a new \u20ac10 instant game, efforts to enhance the appeal of its digital offering and the continued expansion of under banners points of sale.<\/li>\n<li>\nWithin the Online betting and gaming BU, the new management team is committed to\n<br\/>implementing action plans designed to gradually restore performance, notably by turning around operations in the United Kingdom and the Netherlands, prioritising marketing investments and optimising the player experience.<\/li>\n<li>\nAt the same time, the Group is continuing to implement its performance plan and is strengthening its financial discipline.<\/li>\n<\/ul><ul class=\"bwlistdisc\">\n<li>\n<b>The Group continues to optimize its resource allocation. In this context, it has launched a review of the markets within its Online betting and gaming BU, as well as of its non-core assets, notably within the Payment and services BU.<\/b><\/li>\n<\/ul><ul class=\"bwlistdisc\">\n<li>\n<b>Considering its first-half performance and a comparison base that remains high in the third quarter, for the 2026 financial year, FDJ UNITED:<\/b><\/li>\n<\/ul><ul class=\"bwlistcircle bwmarginl2\">\n<li>\nis now targeting a stable GGR in both the French lottery and retail sports betting BU and the Online betting and gaming BU, and a low single-digit decline in revenue.<\/li>\n<li>\nand confirms\n<ul class=\"bwlistsquare\">\n<li>\na recurring EBITDA margin target between 23% and 24%, thanks to continued implementation of the performance plan launched in 2025 \u2013 in line with its multi-year objectives \u2013 and strengthened financial discipline that safeguards growth investments.<\/li>\n<li>\nAnd an annual increase in the dividend, based on a payout ratio of at least 75% of adjusted net profit.<\/li>\n<\/ul><\/li>\n<\/ul><p>\nFDJ UNITED's Board of Directors met on 29 July 2026 and examined the consolidated financial statements for the six months ended 30 June 2026, which were prepared under its responsibility.<\/p><p>\nThe limited review procedures on the half-yearly financial statements have been performed. The auditors' limited review report is in the process of being issued.<\/p><p>\nThe summarised half-year consolidated financial statements and a financial presentation are available on the FDJ UNITED website: <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.fdjunited.com%2Fpublications-et-resultats%2F&amp;esheet=54579236&amp;newsitemid=20260729733657&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.fdjunited.com%2Fpublications-et-resultats%2F&amp;index=1&amp;md5=722c5f565e217244596364557138fa7d\" rel=\"nofollow\" shape=\"rect\">https:\/\/www.fdjunited.com\/publications-et-resultats\/<\/a><\/p><p>\n<b><span class=\"bwuline\">Next financial communication<\/span><\/b><\/p><p>\nFDJ UNITED will publish its revenue for the end of September on Wednesday 21 October 2026, after market close.<\/p><p>\n<b>About FDJ UNITED<\/b><\/p><p>\nFDJ UNITED is a leading betting and gaming operator in Europe, with a vast portfolio of iconic brands and a reputation for technological excellence. With over 5,000 employees and a presence in over ten regulated markets, the Group offers a diversified, responsible range of games, both under exclusive rights and open to competition: lottery games in France and Ireland via an extensive point-of-sale network and also online; sports betting at points of sale in France; and online games open to competition (sports and horse-race betting, poker and online casino games, in markets where these activities are authorised). FDJ UNITED has placed responsibility at the heart of its strategy and promotes recreational betting. The Group is listed on the regulated market Euronext Paris (FDJU) and included in the SBF 120, Euronext 100, EN EZ ESG L 80, STOXX Europe 600 and FTSE Euro indices.<\/p><p>\nFor more information, visit <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.fdjunited.com&amp;esheet=54579236&amp;newsitemid=20260729733657&amp;lan=en-US&amp;anchor=www.fdjunited.com&amp;index=2&amp;md5=8ebfa3dd32ea9b21e4f410f130b05f35\" rel=\"nofollow\" shape=\"rect\">www.fdjunited.com<\/a><\/p><p>\n<a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fx.com%2Ffdj_united&amp;esheet=54579236&amp;newsitemid=20260729733657&amp;lan=en-US&amp;anchor=%40FDJ_UNITED&amp;index=3&amp;md5=2cf3ad8795fa9cf2fbde9bc654f1866c\" rel=\"nofollow\" shape=\"rect\"><b>@FDJ_UNITED<\/b><\/a><b> <\/b><a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.instagram.com%2Ffdjunited&amp;esheet=54579236&amp;newsitemid=20260729733657&amp;lan=en-US&amp;anchor=%40FDJUNITED&amp;index=4&amp;md5=445de4c156d1b743e4f055e355297892\" rel=\"nofollow\" shape=\"rect\"><b>@FDJUNITED<\/b><\/a><b> <\/b><a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2FFDJUNITED&amp;esheet=54579236&amp;newsitemid=20260729733657&amp;lan=en-US&amp;anchor=%40FDJUNITED&amp;index=5&amp;md5=5aefbb4f82011ed5b40f5bd83471f29b\" rel=\"nofollow\" shape=\"rect\"><b>@FDJUNITED<\/b><\/a><b> <\/b><a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.youtube.com%2F%40FDJUNITED&amp;esheet=54579236&amp;newsitemid=20260729733657&amp;lan=en-US&amp;anchor=%40FDJUNITED&amp;index=6&amp;md5=c04ee8d97b53c94b258469ad7c140b69\" rel=\"nofollow\" shape=\"rect\"><b>@FDJUNITED<\/b><\/a><\/p><p class=\"bwalignc\">\n<b>Appendix<\/b><\/p><p>\n<b><span class=\"bwuline\">Higher taxes on betting and gaming<\/span><\/b><\/p><p>\nFDJ UNITED points out that the taxation of betting and gaming relates to GGR, which is split between public levies and the operator according to the tax rates applicable to each category of games. This taxation reflects different levels of player winnings and varies from one jurisdiction to another. As a result, any increase in tax automatically reduces revenue and, by the same amount, recurring EBITDA, at stable operating costs.<\/p><p>\n- <b>In France<\/b><\/p><p>\nThe Social Security Financing Act for 2025 introduced new specific tax measures applicable to betting and gaming from <span class=\"bwuline\">1 July 2025<\/span>. These measures entail significant increases in public levy rates on gross gaming revenue and specific taxes for:<\/p><ul class=\"bwlistcircle\">\n<li>\nThe lottery at the point of sale and online:<\/li>\n<\/ul><ul class=\"bwlistsquare bwmarginl2\">\n<li>\nOn Loto and Euromillions games, the rate of public levies rose from 68.0% to 69.0% of GGR, with a social levy (CSG) rate that rose from 6.2% to 7.2% of GGR;<\/li>\n<li>\nOn other draw games and instant games, the rate of public levies rose from 55.5% to 56.5% of GGR, with a CSG rate which rose from 6.2% to 7.2% of GGR;<\/li>\n<\/ul><ul class=\"bwlistcircle\">\n<li>\nPoint-of-sale sports betting: the rate of public levies rose from 41.1% to 42.1% of GGR, with a CSG rate that rose from 6.6% to 7.6% of GGR;<\/li>\n<li>\nOnline sports betting: the rate of public levies rose from 54.9% to 59.3% of GGR, including a CSG rate that rose from 10.6% to 15% of GGR;<\/li>\n<\/ul><ul class=\"bwlistcircle\">\n<li>\nOnline poker: the rate of public levies rose from 0.2% of bets to 10.0% of GGR;<\/li>\n<li>\nOnline horse-race betting: social levies remained unchanged, but the fee paid to the racecourse companies increased (annual change by decree as of 1 January). As such, the rate of public levies rose from 52.3% to 52.9% of GGR.<\/li>\n<\/ul><p>\n- <b>In the Netherlands<\/b><\/p><p>\nAs of <span class=\"bwuline\">1 January 2025<\/span>, the rate of public levies on online gambling was increased from 30.5% to 34.2% of GGR.<\/p><p>\nAs of <span class=\"bwuline\">1 January 2026<\/span>, the rate of public levies on online gambling was increased from 34.2% to 37.8% of GGR.<\/p><p>\n- <b>In Romania<\/b><\/p><p>\nAs of <span class=\"bwuline\">1 August 2025<\/span>, the rate of public levies on sports betting and horse-race betting was increased from 21% to 30% of GGR.<\/p><p>\n- <b>In the United Kingdom<\/b><\/p><p>\nThe tax on online casino games was increased from 21% to 40% of GGR on <span class=\"bwuline\">1 April 2026<\/span>. In online sports betting, the rate of public levies will increase from 15% to 25% of GGR from <span class=\"bwuline\">1 April 2027<\/span>.<\/p><p>\n<sup>1<\/sup> As soon as the jackpot exceeds \u20ac75m\n<br\/><sup>2<\/sup> This program has been funded since 2023, with a total of \u20ac10 million over 5 years\n<br\/><sup>3<\/sup> NGR = GGR \u2013 public levies.<\/p><br\/> <b>Contacts<\/b> <br\/><p>\n<b>Media Contact<\/b><br\/>01 41 10 33 82 | <a  href=\"mailto:media@fdjunited.com\" rel=\"nofollow\" shape=\"rect\">media@fdjunited.com<\/a><\/p><p>\n<b>Investor Relations Contact<\/b><br\/>01 41 04 19 74 | <a  href=\"mailto:invest@fdjunited.com\" rel=\"nofollow\" shape=\"rect\">invest@fdjunited.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Gross gaming revenue of \u20ac4,314m, down 1.3%<br \/>\nRevenue of \u20ac1,782m, down 4.5%, impacted by gaming taxes increases<br \/>\nRecurring EBITDA margin of 22.7% in line with annual targetBOULOGNE-BILLANCOURT, France&#8211;(BUSINESS WIRE)&#8211;Regulatory News:<br \/>\nFDJ UNITED (Paris:F&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-47524","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/47524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47524"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/47524\/revisions"}],"predecessor-version":[{"id":47525,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/47524\/revisions\/47525"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}