Opap, Greece’s leading gaming, sports betting and lottery operator, on Wednesday reported a net income of 123.4 million euros in the first quarter of 2025, an 8.9% increase compared to the corresponding quarter of 2024.
The ATHEX-listed company’s listed EBITDA of 207.1 million euros, an 8.8% growth year-on-year, slightly below a previous forecast of 213 million euros.
Gross gaming revenue (GGR) for 1Q 2025 was 595 million euros, an 8.2%-hike from the corresponding quarter last year.
The results mean that the gaming concessionaire is on track to meet 2025 financial outlook, the company announced in a statement.
Opap attributed what it called a steady performance to a diversified earnings profile and a robust omni-channel business model, one which helps offset risks from global economic uncertainties.
In a statement, CEO Jan Karas expressed confidence over coming results, saying the strong first-quarter numbers position Opap in a prime position to achieve growth, profitability goals and to generate shareholder value.
Source: tovima.com
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