Industry News

FDJ Announces Q3 2020 Results

Published

4 years ago

October 16, 2020

Niji Narayan

Reading Time: < 1 minute

France’s leading gaming operator La Française des Jeux (FDJ) has reported a 6% increase in sales during Q3 2020.

Stakes were up 6%, to €4.4 billion, with revenues stable at €0.5 billion, compared to Q3 2019. Strong growth is reported in sports betting, up 27% to nearly €1 billion, both online and in point-of-sale. Player winnings stood at €3 billion, up more than 9%.

“The third quarter confirmed the good momentum seen since mid-June and a recovery in our business at levels comparable to 2019. The Group thus demonstrates its resilience and its reactivity. Over the entire year, without new measures of general restrictions linked to the evolution of the health environment, the impact of the crisis on our revenue should be contained, and our EBITDA margin should remain at a high level, thanks to the strong mobilisation of our employees and our distribution network, as well as the cost reduction measures that we have implemented as early as March,” Stéphane Pallez, Chairwoman and CEO of the FDJ Group, said.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.