Cirsa reported an operating profit of €195 million for the third quarter of 2026, marking a 6.8% increase compared to the same period last year, while revenue jumped 12% to reach €628 million ($705 million).
On Thursday, the Spanish gaming firm noted that excluding costs from its proposed merger with Lottomatica, operating profit would have risen to €203 million, reflecting an 11.1% year-on-year increase.
This latest report marks 73 consecutive quarters of operating profit growth for Cirsa. Over the first nine months of 2026, the company saw a 10% boost in revenue, with operating profit up 7.8%. Cirsa anticipates finishing the year at the upper end of its previously communicated market guidance, although it has not specified this range.
The fastest-growing area for Cirsa has been online gaming and sports betting, where amounts wagered soared by 43.4% in the quarter, and net revenue grew by 19%. Customer activity also surged, with deposits increasing by 39.4%. However, Cirsa did not disclose how much of this growth in wagers and deposits converted into profit.
Expanding its casino operations, Cirsa opened a new casino in Cartagena de Indias, Colombia, and ventured into Paraguay with two additional casinos and gaming halls. The company also refurbished venues in Panama and Spain, and added over 30 new slot machines at Casino Marbella.
In Spain, the slots division reported growth in both revenue and operating profit due to an optimized machine mix, active sales strategies, and effective cost management. Meanwhile, in Italy, Cirsa's performance remained stable and aligned with market expectations, with video lottery terminals showing particularly strong results. The integration of recent acquisitions in the Italian gaming hall sector has been successfully completed.
Cirsa’s growth comes despite a backdrop of macroeconomic and geopolitical uncertainties, with recent acquisitions playing a role alongside organic growth from its existing operations.
To facilitate its merger with Lottomatica, Cirsa has scheduled an extraordinary shareholders’ meeting for 30 November in Terrassa. The two companies unveiled their merger plans in September, stating this would position them as the second-largest publicly listed gaming and sports betting operator worldwide.
Cirsa CEO Antonio Hostench remarked on the merger's potential for growth, stating, "The combination of Cirsa and Lottomatica creates a world-class diversified gaming leader with leading positions across its core markets and significant opportunities to accelerate profitable growth."
Lottomatica will merge with Cirsa through an EU cross-border deal, making Lottomatica the surviving entity. The entity resulting from this merger will be traded on stock exchanges in both Spain and Italy. The combined company aims to tap into an addressable market valued at up to €34 billion by integrating their markets, including Portugal, Mexico, and Colombia.
