XML 197 R71.htm IDEA: XBRL DOCUMENT v3.25.1
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)