Greek telecommunications company OPAP leverages Q1 momentum to strengthen its digital presence
Greek gambling giant OPAP S.A. strengthens digital presence with a 20% year-over-year growth in its iGaming segment during Q1 2025. The company's total gross gaming revenue (GGR) for the quarter increased by 8.2% compared to the same period last year, reaching €595 million.
The iGaming segment contributed €85 million to the total, representing a 14.3% share and a 19.8% increase compared to Q1 2024. Concurrently, OPAP's expenses associated with short-term or low-value leases on secondary premises, such as kiosks and storage units, decreased by 79.2%, from €982,000 in Q1 2024 to €204,000 in Q1 2025.
TheQ1 2025 financial report, compliant with EU IFRS standards, reveals that the company has effectively managed its cost structure in line with or outpacing revenue growth, supporting margin expansion. The strong online growth momentum and continued strength in retail sectors drove solid organic growth for the quarter.
According to the available reports, there is no specific breakdown of operational expenses mentioned. However, the strong growth in iGaming and overall top-line metrics indicate that OPAP is demonstrating robust growth in its digital market presence, without compromising profitability. The company is utilizing Q1 market tailwinds to further strengthen its digital footprint, reinvesting in online platforms for future growth.
The strong growth in OPAP's iGaming segment, accompanied by a 19.8% increase in revenue, signifies a robust expansion in their digital market presence within the technology sector. This growth, along with the effective management of costs and expanding margins, demonstrates the company's strategic approach in the finance and business industries.
