FDJ United has reported its financial results for the first half of 2026, with the operator having witnessed decreases in gross gaming revenue, net revenue and recurring EBITDA during the period.
Gross gaming revenue totaled just over €4.3bn (US$4.9bn) and decreased 1.3%, while FDJ’s net revenue for the half-year period fell 4.5% to €1.8bn. After generating a net income of €136m for H1 2026, the operator reported a loss of €16m for the current year period.
Recurring operating income and recurring EBITDA decreased 15.1% and 8.4%, respectively, for H12026 totals of €229m and €404m. The operator’s French lottery and retail sports betting segment witnessed a gross gaming revenue decrease of 2% to €3.4bn, while net revenue for the sector fell 3.9% to €1.2bn.
The underperformance was attributed to “significantly lower number and amounts of major Euromillions jackpots” compared to 2025, as well as lower traffic at points of sale due to "exceptional heatwaves.”
"The Group’s 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,” FDJ Chairwoman and CEO Stéphane Pallez said.
"Backed by solid fundamentals and a robust financial structure, FDJ 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.”
Online betting and gaming accounted for €702m of gross gaming revenue, remaining stable year-on-year, even while the sector’s net revenue decreased 7.4% to €431m. Excluding the UK and Netherlands, however, gross gaming revenue and net revenue for the sector rose 6.6% and 0.6%, respectively.
FDJ also reported strong results during the 2026 FIFA World Cup, as stakes reached over €700m, in line with previously determined forecasts.
The operator’s adjusted net profit for H1 2026 was €180m and fell 19% from the prior year period, while payment and services revenue decreased 4.9% to approximately €30m.
FDJ’s international lottery operations was the only sector to report an increase in net revenue for H1 2026, having risen 1.4% to €81m. The sector also improved its recurring EBITDA from €15m during H1 2025 to €17m as part of its latest financial results.
Cost of sales for FDJ totaled €760m and decreased by 3.8%, although operating income still fell 15.1% to €229m for H1 2026.
FDJ United launched a commission-advance scheme to support the growth of its French retail network of tobacconists and newsagents during June 2026
