Allwyn posts Q1 growth despite UK dip
North America revenue was up 408 per cent year-on-year.
Czech Republic.- Allwyn has reported solid growth in its preliminary results for the first quarter of 2026, with group revenue climbing 8 per cent year-on-year to €2.39bn. Net revenue was up 21 per cent to €1.2bn and adjusted EBITDA rose 24 per cent to €443m.
The figures include contributions from US daily fantasy sports operator PrizePicks, acquired last year. Stripping out that business, net revenue was up by 3.5 per cent compared with Q1 2025.
Continental Europe remained Allwyn’s largest market, generating €1.2bn in revenue, a 7 per cent increase. In contrast, UK revenue slipped 7 per cent to €942m, although the company paid €718m in taxes and good causes contributions during the quarter. North America delivered the standout performance, with revenue surging 408 per cent to €305m and income up 7 per cent to €224m.
Allwyn’s Q1 report also highlighted the performance of Betano, part of Kaizen Gaming, in which Allwyn holds a 37 per cent stake through its merger with OPAP completed in March. Betano’s revenue reached €788m for the quarter, marking a 27 per cent year-on-year increase.
CEO Robert Chvátal noted that Q1 growth was powered by digital channels. He acknowledged headwinds from higher gaming taxes in Austria and the prior year’s boost from record jackpots in EuroMillions (Austria, UK) and Tzoker (Greece).
He said: “The progress of our enlarged group this quarter demonstrates the breadth and strength of the Allwyn platform, with strong momentum in profitability and growth in continental Europe, the addition of PrizePicks in North America, the completion of the UK technology transformation, a strong contribution from Betano and continued development of our digital and content capabilities”.
Chvátal added: “We remain focused on leveraging this platform to deliver compounding growth, cash generation and long-term shareholder value, while maintaining disciplined capital allocation, responsible gaming standards and strong partnerships with regulators, governments and communities.”
The group has announced a leadership change in its US arm, appointing former Virginia Lottery director Khalid Reede Jones as CEO of North America.
