Intralot Reports Strong Q3 2023 Performance and Extended Agreement with OPAP

Intralot, a global gaming solutions provider, has shared its financial update for the third quarter of 2023, showcasing substantial growth. The company reported a Q3 2023 revenue of €104.8 million ($114.5 million), marking an 8.1% increase compared to the same period in 2022. The gross gaming revenue (GGR) for Q3 2023 also surged by 11.9%, reaching €98.6 million ($107.7 million).

The EBITDA for Q3 2023 saw a significant rise of 16%, reaching €38.2 million ($41.7 million), compared to €33.0 million ($36 million) in Q3 2022. These positive figures indicate Intralot's robust performance in the gaming industry during the latest trading period.

Despite a slight dip in revenue for the first nine months of 2023, with a reported figure of €280.0 million ($305.8 million) compared to €301.7 million ($329.5 million) in 2022, there were encouraging signs. GGR increased by 2.2%, reaching €262.2 million ($286.3 million), and EBITDA for the first nine months grew by 14.7% year-over-year, hitting €101.0 million ($110.3 million).

Sokratis P. Kokkalis, Intralot's CEO and chairman, expressed his satisfaction with the company's performance. He highlighted the achievement of returning to net profits, strong EBITDA growth, and robust cash flow generation. Kokkalis acknowledged the success of a recent Share Capital Increase, raising €135.0 million ($147.4 million) and thanked investors for their trust in Intralot's vision.

Intralot's positive momentum extended beyond financial success. The company announced the extension of its agreement with OPAP until July 2026, with the possibility of two additional one-year extensions. This agreement, reached in October, marks a strategic move for both entities in the gaming industry.