FDJ reported strong Q1 trading numbers with stakes/revenue up 12%/5% respectively, driven by broad-based momentum (lottery +3.8% and sports betting +46.1%). The online momentum continued to accelerate as online stakes were up 87.2%, accounting for ~12.4% of total stakes (vs 7.4% in Q1 20).
Given a packed sports calendar (Euro 21, Olympics) as well as big product updates on the lottery side, we see an upside to our FY21 top-line numbers following this trading update.
16 Apr 2021
Strong Q1 21 in tough operating environment
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Strong Q1 21 in tough operating environment
La Francaise des Jeux SA (FDJ:PAR) | 0 0 0.0%
- Published:
16 Apr 2021 -
Author:
Virendra Chauhan -
Pages:
3
FDJ reported strong Q1 trading numbers with stakes/revenue up 12%/5% respectively, driven by broad-based momentum (lottery +3.8% and sports betting +46.1%). The online momentum continued to accelerate as online stakes were up 87.2%, accounting for ~12.4% of total stakes (vs 7.4% in Q1 20).
Given a packed sports calendar (Euro 21, Olympics) as well as big product updates on the lottery side, we see an upside to our FY21 top-line numbers following this trading update.