GGR OPAP grew by 8.2% to €595M in Q1 2025
The Greek operator presented its financial results for Q1 2025, showing strong growth in the online sector.
Key OPAP Metrics for Q1 2025
| Metric | Value | Change (YoY) |
|---|---|---|
| GGR | €595.0M | +8.2% |
| Net Profit | €123.4M | – |
| EBITDA | €207.1M | +8.8% |
| EBITDA Margin | 34.8% | – |
| Total NGR | €406.4M | +7.9% |
| Earnings per Share | €0.3412 | +10.0% |
| Net Cash Position | €2.6M | – |
Revenue by Segment
- Betting: €190.0M (+12.8% YoY)
- Online Casino: €84.9M (+19.8% YoY)
- Lottery: €206.8M (+5.5% YoY)
- Video Lottery Terminals (VLTs): €87.8M (+1.5% YoY)
- Instant Games: €25.6M (-7.9% YoY)
OPAP Stock Performance
Despite positive financial results, OPAP shares dropped by 8.29% after the report was released and are trading at €18.74. This reaction may be due to investor expectations or external market factors.
Online Segment Growth
The online segment continues to show strong growth rates. Online casino revenue increased by nearly 20%, while betting brought in over €190M.
The company notes that a strong online ecosystem and integration of new digital solutions contributed to increased user engagement and revenue.
Main Drivers of Online Growth:
- Growth in mobile traffic
- Launch of new gaming products
- Improved user interface
- Promotions and bonus programs
Conclusion
OPAP has made a confident start to 2025, showing revenue growth, profitability, and improvement in digital metrics.
Despite the short-term drop in stock price, the company demonstrates solid fundamentals, especially in the online segment.
Investors will continue to watch the trends and new initiatives, including potential product expansion and technological improvements.