La Française des Jeux : Q3 2024 slightly below our estimates, FY 2024 guidance upgraded but already factored into consensus, EC decision as next catalyst
>Q3 2024 revenues slightly below our expectations, good momentum in Lottery - FDJ’s Q3 2024 revenues, reported yesterday after closing came to € 669m (+14.2% on a reported basis, +8% l-f-l), 2% below our estimates (ODDO BHF € 682m) but 1% above the VA consensus. In detail, lottery revenue totalled € 495m (+10%), benefiting from digital momentum (now 14% digital penetration, +2pt y-o-y) and the return to growth for Amigo since June. Sports betting and online gaming rev...La Francaise des Jeux is a France-based semi-public company that operates lottery and online games. The Company operates under the commercial brand name, FDJ, and provides scratch games, sports betting and draw games via a network of 35,800 points of sale (as of December 31, 2010), including LOTO points of sale, tobacconists and newsagents. The Company's scratch games include 1, 2 and 3 euros games; sports betting include the brand names, ParionsSport and ParionsWeb; and draw-based games include LOTO, Euro Millions, Rapido, Keno and others. The Company is also active in the online poker market with the website Barrierepoker.fr, which is jointly-owned with Groupe Lucien Barriere. The Company owns various subsidiaries, including Pacifique des Jeux and FDJ Developpement for the distribution in French overseas territory; Societe de Gestion de l'Echappee, which manages the Company-sponsored professional cycling team; Francaise de Motivation, Francaise d'Images, Lotsys and LVS.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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