FDJ United (FDJU) Earnings Call Transcripts

FDJ United's Latest Earnings Call - Q1 FY2026

In the first quarter of fiscal year 2026, FDJ United (FDJU:FR) reported a revenue decline of 3% to EUR 895 million, primarily impacted by a EUR 24 million increase in gaming taxes. The company's GGR rose by 1% to EUR 2,175 million, but management indicated that the overall activity has weakened since late February due to low sports betting margins and a decline in lottery performance. Guidance for the full year has been adjusted to reflect a slight increase in GGR but a slight decrease in revenue and recurring EBITDA margin expectations of 23% to 24%.

Reported metrics

Guidance from management

Management expects a slight increase in GGR but a slight decrease in revenue for the full year, with recurring EBITDA margins targeted between 23% and 24%.

What management said

Hello, good afternoon or good evening, everyone. Before handing over to Pascal Chaffard, just to let you know that the English press release version will be disseminated soon. Nevertheless, the slide deck is available on our website. Thank you.

Okay, thank you, and good evening had. For LSF, it's very clear. It's a question of top comp for the quarter and also lack of luck, if I may say, on our side. which translates into the fact that we don't think that we will compensate that throughout the rest of the year. But no structural problem as we still think that we are able to continue in -- at a pace that is the one that we have forecasted on Q2, Q3, Q4. So n...

What analysts pressed on

Analysts expressed concerns about the U.K. market's underperformance and the effectiveness of management's action plans. There were questions regarding compliance issues and the potential impact of tax increases on player retention.

Main topics on the call

• Revenue Decline — FDJ United's revenue fell by 3% to EUR 895 million, attributed to a EUR 24 million increase in gaming taxes. CFO Pascal Chaffard stated, "There is no new increase that have been -- not have been anticipated."
• GGR Performance — The company's GGR increased by 1% to EUR 2,175 million, indicating some resilience in overall gaming activity. However, management noted that "the activity has been globally weaker since the end of February."
• Online Betting and Gaming Challenges — Revenue from online betting and gaming fell by almost 8% to EUR 213 million, impacted by a EUR 9 million tax increase. Management is implementing a turnaround strategy, acknowledging that "the situation in the U.K. remai...
• Future Guidance — Management expects a slight increase in GGR but a decrease in revenue for the full year, with a recurring EBITDA margin target of 23% to 24%. Chaffard emphasized, "We still aim growth on the full year."

Read the full FDJ United transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 28 FDJ United earnings call transcripts on record, spanning April 21, 2020 to April 21, 2026. Based on this history, FDJ United reports quarterly. The most recent call on file is dated April 21, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

FDJU

Exchange

ENXTPA

Country

FR

Sector

Consumer Discretionary

Industry

Hotels, Restaurants and Leisure

Calls on record

28

First call

April 21, 2020

Most recent

April 21, 2026

Reporting cadence

quarterly