OPAP Financial Results for 2024: Record Performance and Steady Growth
The Greek gaming operator OPAP has published its financial results for 2024, demonstrating significant revenue and profit growth.
Key Financial Indicators for 2024
| Indicator | Value | Growth Compared to 2023 |
|---|---|---|
| Total Revenue (GGR) | €2,296.2 million | +10% |
| Net Profit | €485.8 million | +19% |
| EBITDA | €832.0 million | +14% |
Segment Dynamics
- Sports Betting: €746.2 million, a 15.6% increase.
- Online Casino: €325.3 million, up 29.2%, accounting for 14.1% of total GGR.
Q4 2024 Results
| Indicator | Value | Growth Compared to Q4 2023 |
|---|---|---|
| Total Revenue (GGR) | €647.8 million | +11.5% |
| Net Profit | €133.7 million | +32.9% |
| EBITDA | €245.1 million | +16.6% |
Growth Factors
- Sports Betting: revenue increased by 26.6% in Q4, reaching €229.0 million.
- Online Casino: continued growth with revenue of €92.3 million in Q4, up 20.9% year-on-year.
Market Reaction
Following the report’s publication, OPAP shares rose by 2.68%, reaching €17.60 per share.
Conclusion
The financial results of OPAP for 2024 indicate stable growth and strengthening of the company’s position in the gaming market. The significant increase in revenue and profit, particularly in the sports betting and online casino segments, highlights the success of the company’s development strategy.