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Segment reporting - Summary of Operating Results Based on Segments (Details) - EUR (€) € in Thousands |  | 12 Months Ended
--- | --- | ---
Nov. 30, 2022 | Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022
Disclosure of operating segments [line items] |  |  |  |
Revenue |  | € 1,696,854 | € 1,436,117 | € 1,292,210
Direct and marketing expenses |  | (1,269,917) | (1,136,870) | (979,300)
General and administrative expenses |  | (162,257) | (148,153) | (144,084)
Depreciation and Amortization Expense |  | (77,709) | (82,189) | (66,729)
Impairment of assets |  | (36,775) | (35,949) | 0
Other Operating Income |  | 6,724 | 6,071 | 5,491
Finance income |  | 10,225 | 8,912 | 2,222
Finance expense |  | (6,082) | (2,726) | (1,345)
Gain on derivative contracts |  | 0 | 0 | 4,148
Change in fair value of options |  | (12,976) | (28,642) | 6,292
Gain on disposal of business |  | 40,135 | 0 | 0
Impairment of Goodwill |  |  | (35,949) |
Share of post-tax profit of equity accounted associate |  | 576 | 0 | 0
Gain on bargain purchase |  | 0 | 209 | 0
Transaction fees |  |  |  | (22,969)
Share listing expense |  | 0 | 0 | (126,252)
Change in fair value of warrant liability |  | 0 | 0 | 34,518
Change in fair value of earnout liability | € 237,400 | 0 | 0 | 237,354
Foreign exchange on revaluation of warrants and earnout liabilities |  | 0 | 0 | (25,047)
Profit / (loss) before taxation |  | 188,798 | 16,780 | 216,509
Adjusted EBITDA |  | 330,264 | 198,178 | 210,866
Betway |  |  |  |
Disclosure of operating segments [line items] |  |  |  |
Revenue |  | 1,022,617 | 837,995 | 714,165
Direct and marketing expenses |  | (783,333) | (723,879) | (609,924)
General and administrative expenses |  | (84,511) | (77,213) | (61,657)
Depreciation and Amortization Expense |  | (37,845) | (38,504) | (27,809)
Impairment of assets |  | (36,775) |  |
Other Operating Income |  | 4,640 | 3,530 | 3,669
Finance income |  | 8,634 | 7,850 | 1,398
Finance expense |  | (1,957) | (1,288) | (147)
Gain on derivative contracts |  |  |  | 2,435
Change in fair value of options |  | 0 | 0 | 0
Gain on disposal of business |  | 0 |  |
Impairment of Goodwill |  |  | (35,949) |
Share of post-tax profit of equity accounted associate |  | 0 |  |
Gain on bargain purchase |  |  | 0 |
Transaction fees |  |  |  | 0
Share listing expense |  |  |  | 0
Change in fair value of warrant liability |  |  |  | 0
Change in fair value of earnout liability |  |  |  | 0
Foreign exchange on revaluation of warrants and earnout liabilities |  |  |  | 0
Profit / (loss) before taxation |  | 91,470 | (27,458) | 22,130
Adjusted EBITDA |  | 205,074 | 61,343 | 57,922
Spin |  |  |  |
Disclosure of operating segments [line items] |  |  |  |
Revenue |  | 674,237 | 598,122 | 578,045
Direct and marketing expenses |  | (458,287) | (390,895) | (365,110)
General and administrative expenses |  | (48,881) | (40,666) | (57,538)
Depreciation and Amortization Expense |  | (38,241) | (41,141) | (35,963)
Impairment of assets |  | 0 |  |
Other Operating Income |  | 2,042 | 712 | 1,609
Finance income |  | 1,438 | 483 | 382
Finance expense |  | (3,345) | (11) | (178)
Gain on derivative contracts |  |  |  | 1,713
Change in fair value of options |  | 0 | 0 | 21,421
Gain on disposal of business |  | 0 |  |
Impairment of Goodwill |  |  | 0 |
Share of post-tax profit of equity accounted associate |  | 0 |  |
Gain on bargain purchase |  |  | 209 |
Transaction fees |  |  |  | 0
Share listing expense |  |  |  | 0
Change in fair value of warrant liability |  |  |  | 0
Change in fair value of earnout liability |  |  |  | 0
Foreign exchange on revaluation of warrants and earnout liabilities |  |  |  | 0
Profit / (loss) before taxation |  | 128,963 | 126,813 | 144,381
Adjusted EBITDA |  | 170,385 | 168,757 | 162,941
Other |  |  |  |
Disclosure of operating segments [line items] |  |  |  |
Revenue |  | 0 | 0 | 0
Direct and marketing expenses |  | (28,297) | (22,096) | (4,266)
General and administrative expenses |  | (28,865) | (30,274) | (24,889)
Depreciation and Amortization Expense |  | (1,623) | (2,544) | (2,957)
Impairment of assets |  | 0 |  |
Other Operating Income |  | 42 | 1,829 | 213
Finance income |  | 153 | 579 | 442
Finance expense |  | (780) | (1,427) | (1,020)
Gain on derivative contracts |  |  |  | 0
Change in fair value of options |  | (12,976) | (28,642) | (15,129)
Gain on disposal of business |  | 40,135 |  |
Impairment of Goodwill |  |  | 0 |
Share of post-tax profit of equity accounted associate |  | 576 |  |
Gain on bargain purchase |  |  | 0 |
Transaction fees |  |  |  | (22,969)
Share listing expense |  |  |  | (126,252)
Change in fair value of warrant liability |  |  |  | 34,518
Change in fair value of earnout liability |  |  |  | 237,354
Foreign exchange on revaluation of warrants and earnout liabilities |  |  |  | (25,047)
Profit / (loss) before taxation |  | (31,635) | (82,575) | 49,998
Adjusted EBITDA |  | € (45,195) | € (31,922) | € (9,997)

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