FDJ shares jump as 2025 earnings meet forecasts

French gaming company Française des Jeux (FDJ) saw its shares surge in Paris trading on January 15, 2025, after the company announced that its 2025 earnings had met analyst forecasts, driven by strong performance in both traditional lottery products and digital gaming segments. The Paris-based gaming giant reported annual revenues of €12.5 billion, exceeding initial projections by 3.2%, with digital gaming operations growing by 18% year-on-year. FDJ's CEO, Stéphane Pallez, attributed the positive results to successful digital transformation initiatives and strategic partnerships with online gaming platforms, which helped offset declining traditional lottery sales in some regions. The company's adjusted EBITDA margin improved to 28.5%, reflecting improved operational efficiency and cost management. Market analysts had expressed concerns about FDJ's ability to compete in the increasingly competitive European gaming market, particularly against online gambling platforms, but the company's ability to meet and slightly exceed expectations has alleviated these worries.