As the second quarterly reporting season moves towards its conclusion – Allwyn outlined another quarter of advancement with revenue rising 27%, complemented by a 29% upswing in adjusted EBITDA.
Indeed, financial results are very much comparable to a corporate health check. In the case of Allwyn, the operator continues to move from strength to strength with every appointment, with its €1.25bn ($1.46bn) Q2 revenue figure representing year-on-year growth of 27%; as well as an advancement on the €1.2bn posted during the year’s first quarter.
A new phase of UK growth
CFO Kenneth Morton outlines that, among a melee of positive metrics, a 21% digital growth figure across the European continent represented a particular point of pride for the company. Driven by a strong quarter of iGaming across the board, Morton explains that, alongside revenue and EBITDA – Allwyn's EBITDA – CapEx has also risen by 43% thanks to the conclusion of its UK investment phase, spelling healthy returns to shareholders at a yield of 8%.
Commenting on the continued quarterly advancement of the company, Group CEO Robert Chvátal takes a step further back to emphasise the progress made by Allwyn over the past five years: "The strength of Allwyn is in its diversification."
Continuing, Chvátal illustrates the progress made in the UK market since taking over the National Lottery contract in 2024, reiterating that, after the technology overhaul that has met the Gambling Commission's criteria, the operator's UK division now moves into a new commercial phase of growth: "The UK National Lottery is still something of a monopoly, but that doesn't mean it can't remain engaging."
Having recently welcomed a new Interim UK CEO in Phil Walker, Chvátal reiterates his confidence in Walker's prior gaming product and commercial experience, in the wake of media commentary in the national UK press. Nevertheless, the group CEO underlines that any hypothetical conflicts related to his experience can and will be dealt with if necessary.
The strength of Allwyn is in its diversification
Advancement in the Americas
Similarly to this quarter, Allwyn also welcomed a new regional CEO for North America – Khalid Reede Jones – around the time of its Q1 2026 report. Speaking to Global Gaming Insider at the time, Morton stated: "We’re very excited to have Khalid on board as we have worked with him for some time through his affiliation with the Virginia Lottery – one of our partners.
“He brings significant lottery experience to the table, and we're pleased to have him join at such an important time for the business."
As reflected in its Q2 2026 reports, Allwyn has made some significant advancements year-on-year in North America, with regional revenues rising from €54m to €294m. This notable jump has been not only attributed to an ongoing regional ramp-up, as well as the DFS conversion opportunity presented by the World Cup through June, but also to the expertise of Reede Jones, as Chvátal states: “We’re very happy to have him on Board, not only because of his prior lottery experience but also because he was a regulator, which brings the experience around how states navigate regulation alongside his operational US lottery background.”
Elsewhere, Morton touches on the strong performance of Betano – operated by Kaizen Gaming, but in which Allwyn owns a 36.75% stake. Over the course of the second quarter, he explains Betano's 23% year-on-year revenue surge is (despite a decline of 1% from a strong Q1) extremely encouraging, especially amid a highly turbulent regulatory climate in the operator's key market of Brazil.
Allwyn's North American revenue figure of €294m is reflective of over 400% year-on-year growth
