French national lottery operator La Française des Jeux (FDJ) has included an updated financial report in its tender offer to online gaming operator Kindred Group. Kindred’s entire report is scheduled to be released on October 25.
As part of its merger and acquisition agreement with FDJ, Kindred disclosed its unaudited total revenue for the third quarter. The second business bought out Kindred’s full outstanding share capital, forming one of the largest gaming conglomerates in Europe.
Additionally, Kindred mentioned that Q3 2024 was a time of sustained strong growth. It explained that due to its varied market presence, it could earn a total of GBP 294.5 million ($382.5 million). The operator’s business-to-business and business-to-consumer activities brought in a total of this amount.
Kindred’s Income Statement
According to the business, gross wins income for the third quarter came to GBP 283.1 million ($367.7 million). Kindred went on to say that 83% of its overall gross profits came from markets governed by municipal governments.
As Kindred cautioned, the statistics presented above have not been audited. They were shared with FDJ, which is scheduled to release its financial reports for the third quarter and the year thus far following the market close on October 17. According to sportsbook reviews by gamblers, Kindred’s performance will be included in the combined results in the FDJ report.
For the third quarter, the business came to the conclusion that its predicted revenue and percentage of locally controlled revenue were in line with previous predictions. Meanwhile, Kindred is still on pace to meet its FY EBITDA target.
