FDJ United Q3 Revenue Falls 8.1% on Weaker Gaming Activity, Higher Taxes; Cuts 2026 Outlook

FDJ United (FDJU.PA) reported an 8.1% decline in third-quarter revenue to EUR 794 million from EUR 864 million a year earlier, citing lower gaming activity, reduced point-of-sale traffic amid challenging economic conditions and higher gaming taxes. The announcement came Wednesday. Gross gaming revenue for the quarter fell 6.1% to EUR 1.950 billion, while net gaming revenue dropped 7.4% to EUR 758 million. For the first nine months, revenue declined 5.6% to EUR 2.576 billion and GGR fell 2.8% to EUR 6.264 billion. The company revised its 2026 targets, now expecting a low-single-digit decline in GGR and a mid-single-digit decline in revenue, while maintaining a recurring EBITDA margin of around 23%. FDJU.PA closed Wednesday at EUR 21.01, down EUR 0.31, or 1.45%, on the Paris Stock Exchange.