PrizePicks acquisition boosts Allwyn revenue 27% in Q2 2026
In Q2 of 2026, Allwyn announced its net revenue of €1.2 billion, which signifies an increase of 27% from the previous year boosted by the acquisition of PrizePicks and consistent growth observed in its European businesses. The same period has also brought Allwyn EUR 458 million in adjusted EBITDA,…
In Q2 of 2026, Allwyn announced its net revenue of €1.2 billion, which signifies an increase of 27% from the previous year boosted by the acquisition of PrizePicks and consistent growth observed in its European businesses. The same period has also brought Allwyn EUR 458 million in adjusted EBITDA, representing a 29% growth and 37% margin. Underlying revenue growth rate excluding PrizePicks and increased gaming taxes in Austria made 5%. According to Allwyn, digital development and effective operation in sports betting and iGaming as well as input from PrizePicks aided in achieving the quarterly outcomes. Allwyn CEO Robert Chvátal said: After a very positive Q1, I’m pleased to announce further strong performance in the second quarter, with group net revenue increasing by 27% year-on-year, to €1.2bn, and adjusted EBITDA increasing by 29%, to €458m. This reflects the strength of our strategy and our success in executing it, as demonstrated by sustained momentum in continental Europe and the contribution from PrizePicks. Sports betting grew as a result of the upcoming FIFA World Cup in 2026 and the increased profits in the UK following the completion of The National Lottery’s technical overhaul. PrizePicks created in 2023 continued developing operations in North America connecting PlayerPicks and TeamPick as well as commencing prediction markets along with fantasy sports offerings. Allwyn has also started new lottery games in Austria, Czech Republic, and UK, becoming the first operator outside the USA to sell Powerball.