Cirsa operating profit rose 6.8% to €195 million in Q3 2026, as the Spanish group’s online gaming and sports betting business grew at double digits and the Lottomatica merger moves to a shareholder vote.
Cirsa reported Q3 2026 operating profit of €195 million, up 6.8% year on year, on revenue of €628 million ($705 million), up 12%. Wagers rose 43.4% in online gaming and sports betting. Excluding merger costs, operating profit would have reached €203 million, up 11.1%. The group targets the top of its 2026 guidance, and Lottomatica shareholders vote is set for 30 November.
- Cirsa Q3 Profit and Revenue
- The Lottomatica Merger Plan
- Online Gaming and Sports Betting Growth
- Casino Expansion Across Three Continents
Cirsa’s operating profit reached €195 million in the third quarter of 2026. That is up 6.8% year on year. Revenue grew 12% to €628 million, or about $705 million. Online gaming and sports betting was the fastest-growing division, with amounts wagered up 43.4% and net revenue up 19% in the quarter.
The company extended its run of quarterly operating-profit growth to 73 consecutive quarters. For the first nine months of 2026, revenue grew 10% and operating profit 7.8%. Deposits rose 39.4% in the quarter, pointing to higher customer activity rather than one-off betting.
Cirsa profit targets the top of the 2026 range
Cirsa said on Thursday that it expects to finish 2026 at the upper end of the guidance range it previously communicated to markets. It did not restate the range in the results announcement. The omission matters: the guidance the group gave earlier in the year remains the benchmark, and the Q3 result now sits close to it. That leaves limited room for the business to disappoint in the fourth quarter.
The growth came in despite macroeconomic and geopolitical uncertainty. Cirsa attributed its performance to recent acquisitions alongside the results of its existing operations. The group has been buying into the Spanish and Latin American markets on a steady basis, and those deals have contributed to the revenue and wager growth.
AGBrief tracks Spanish and Latin American gaming operators as they scale.
The Cirsa-Lottomatica merger heads for a shareholder vote
Cirsa called an extraordinary shareholders’ meeting for 30 November in Terrassa to advance its proposed merger with Lottomatica. The two companies announced the deal in September, with the intention of creating the second-largest listed gaming and sports betting operator in the world. Lottomatica will absorb Cirsa through an EU cross-border merger, and Cirsa will be the surviving entity, which keeps the combined company listed in both Spain and Italy.
Cirsa chief executive Antonio Hostench said the combination creates a world-class diversified gaming leader with leading positions across its core markets and significant opportunities to accelerate profitable growth. The addressable market of the combined company is up to €34 billion across all available markets. Those markets include Portugal, Mexico and Colombia, which sit alongside the Spanish and Italian operations that already drive the group’s results.
Online gaming and sports betting drive Cirsa’s results
Amounts wagered grew 43.4% in the third quarter, and net revenue in that division rose 19%. Deposits were up 39.4%, which suggests the growth comes from active customers placing more bets rather than from a small group of high-volume accounts. Cirsa did not publish the figures showing how much of the wager and deposit growth translated into profit, so the profit contribution of the fastest-growing business remains unquantified.
The merger announcement did not give the combined company’s standalone wager or revenue figures. Lottomatica will absorb Cirsa under an EU cross-border structure, and Cirsa will be the surviving entity. The arrangement is designed to keep the combined group listed in both Spain and Italy, which matters for shareholder treatment and regulatory standing across the two markets.
Cirsa casino expansion reaches Colombia, Paraguay and Panama
Cirsa opened a new casino in Cartagena de Indias, Colombia, and entered Paraguay with two casinos and two gaming halls. It also refurbished venues in Panama and Spain, and installed more than 30 additional slot machines at Casino Marbella. The Spanish slots division recorded growth in both revenue and operating profit, which Cirsa attributed to machine mix, sales activity and cost control.
In Italy, performance was stable and in line with the market, with strong results from video lottery terminals. Cirsa said it had completed the integration of recent acquisitions in the Italian gaming-hall business. Growth came amid macroeconomic and geopolitical uncertainty, with recent acquisitions contributing alongside the group’s existing operations. The November shareholder vote is the next milestone, followed by the integration of a much larger Lottomatica operation.
Frequently Asked Questions
How much profit did Cirsa make in Q3 2026?
Cirsa reported operating profit of €195 million, up 6.8% year on year. Revenue rose 12% to €628 million, or about $705 million. Excluding merger costs, operating profit would have reached €203 million, an 11.1% increase.
What drove Cirsa’s growth in Q3?
Online gaming and sports betting was the fastest-growing division. Wagers rose 43.4%, net revenue up 19% and deposits up 39.4%. Cirsa attributed the overall results to recent acquisitions alongside the performance of its existing operations.
When will Cirsa-Lottomatica merger be voted on?
Cirsa called an extraordinary shareholders’ meeting for 30 November in Terrassa to advance the proposed merger. Lottomatica will absorb Cirsa under an EU cross-border merger, with Cirsa as the surviving entity and the combined group listed in Spain and Italy.
What is Cirsa’s guidance for 2026?
Cirsa expects to finish 2026 at the upper end of the range it previously communicated to markets. It did not restate the range in its Q3 announcement, so the earlier guidance remains the reference point for the full-year result.
How big is the Cirsa-Lottomatica combined company?
Cirsa chief executive Antonio Hostench put the addressable market of the combined company at up to €34 billion across all available markets. The group includes Spain, Italy, Portugal, Mexico and Colombia, alongside its gaming-hall and casino operations.
Where does Cirsa expand its casino footprint?
Cirsa opened a new casino in Cartagena de Indias, Colombia, and entered Paraguay with two casinos and two gaming halls. It refurbished venues in Panama and Spain, and added more than 30 slot machines at Casino Marbella this quarter.
This article has been thoroughly researched and reviewed by the CasinoBait editorial team to ensure accuracy and relevance for Asian casino players.
