Allwyn‘s January acquisition of a majority stake in US daily fantasy sports operator PrizePicks helped push the company’s Q2 net revenue up 27% year-on-year to €1.25 billion ($1.45 billion). North American revenue alone climbed from €54 million to €294 million ($341 million), with adjusted EBITDA reaching €104 million ($120.6 million).
PrizePicks itself posted 3% year-on-year net revenue growth on a standalone constant currency basis.
“In North America, we continue to rapidly develop PrizePicks’ offering, enabling players to combine PlayerPicks with a TeamPick within a single line-up, integrating prediction markets alongside DFS and helping to deepen engagement and expand the ways in which customers can play,” said Allwyn CEO Robert Chvátal.
Group results reflect acquisition impact
Allwyn reported net revenue of €1.25 billion for Q2, compared with €979 million in the same period last year. Adjusted EBITDA rose 29% to €458 million ($531.3 million) from €355 million, with margin increasing to 36.8% from 36.3%.
Excluding the PrizePicks acquisition and the impact of higher gaming taxes in Austria, Q2 revenue grew 5% year-on-year. Adjusted EBITDA increased 9% on the same basis, factoring in higher license fee amortization at LottoItalia.
“We remain confident in our ability to deliver sustainable growth, strong cash generation and attractive shareholder returns over the long term,” said Chvátal.
The company reaffirmed its full-year 2026 outlook, projecting net revenue growth in the mid-to-high 20% range before approximately €60 million ($69.6 million) in one-off impacts, along with an adjusted EBITDA margin near 37%.
Other regions post mixed results
Continental Europe net revenue increased 4% year-on-year to €731 million ($848 million). When excluding the effect of higher gaming taxes in Austria, growth in the region reached 6% year-on-year. Allwyn noted this marked the final quarter in which the Austrian tax increase would create a year-on-year comparison headwind.
UK net revenue grew 2% to €236 million ($273.8 million). Adjusted EBITDA in the region rose to €23 million ($26.7 million) from €6 million, which the company linked to the completed National Lottery technology transformation.
“These included new or enhanced draw-based lottery games in Austria, the Czech Republic and the United Kingdom, where we are proud to be the first operator outside the US to offer Powerball, one of the world’s largest jackpot games,” said Chvátal.
Sports betting and iGaming offset lottery decline
Lottery revenue fell 2% to €498 million ($577.7 million) in Q2, which Allwyn attributed to favorable jackpot cycles in the year-earlier period. The decline was most pronounced in continental Europe, where lottery revenue dropped 5% to €262 million ($303.9 million). UK lottery revenue increased 2% to €236 million ($273.8 million).
Sports betting net revenue grew 12%, driven largely by the FIFA World Cup, while iGaming net revenue increased 24%.
Betano, in which Allwyn holds a minority stake, grew total revenue 26% year-on-year on a constant currency basis. Allwyn’s share of Betano’s net income declined 3% year-on-year to €61 million ($70.8 million), which the company attributed to below-EBITDA items in both the current and prior-year quarters.
Following the close of Q2, Allwyn agreed to raise its stake in Next Lotto, an online reseller of German state lottery games, to 64.53%, giving it a controlling interest.
Meanwhile, Allwyn UK announced last week that CEO Andria Vidler will step down effective September 7, with Phil Walker taking over on an interim basis.
“I am excited and proud to be taking up the baton from Andria and joining such a vital national institution at this important stage of its growth journey,” Walker said.
Original article: https://www.yogonet.com/international/news/2026/08/28/126101-allwyn-q2-revenue-rises-27-as-prizepicks-acquisition-boosts-north-america
