Winvia Entertainment today announces its half year results for the six months ended 30 June 2026, delivering a strong first half performance in line with expectations. Given the strength of current trading, full year Adjusted EBITDA is expected to be ahead of current market expectations.
Net revenue increased to £109.7 million, with Adjusted EBITDA increasing to £17.2 million notwithstanding the planned increase in investment in Prize Draw Competitions. The Group maintained a strong cash position, with net cash of £31.8 million, and the Directors approved an interim dividend of 5 pence per share.
Online Gaming delivered significant growth and continued strong cash generation, while investment in Prize Draw Competitions focused on accelerating the transition towards recurring revenues and higher-value, longer-term customers. BOTB Pass continued to perform ahead of management expectations, with recurring subscription revenues representing more than 35% of monthly BOTB revenues at 30 June 2026.
The benefits of this investment are beginning to emerge, with Prize Draw Competitions delivering its best ever monthly Adjusted EBITDA in August. The segment’s Adjusted EBITDA is expected to be trending close to £2 million per month in Q4. The upgrade to full year expectations reflects underlying trading and excludes any contribution from the acquisition announced today.
Mihai Manoila, Chief Executive Officer, commented:
“Winvia delivered a strong first half, maintaining the positive trajectory with which we entered the year. The investments made in Prize Draw Competitions, alongside the continued strength and cash generation of Online Gaming, have positioned the Group well for the second half and beyond. We are confident that current momentum will continue and accordingly we are pleased to be upgrading full year expectations.
“Prize Draw Competitions is expected to make a significant contribution in the second half, supported by its growing recurring revenue base, a focus on higher-value, longer-term customers, and the continued delivery of our strategy through targeted M&A and the development of B2B partnerships in the Prize Draw Competitions segment.
“Since the period end, the completion of the Rev Comps acquisition, our partnership with Aston Villa Football Club and the recently announced acquisition of The Giveaway Guys and Win Life Competitions have further strengthened our platform for growth. With the benefits of our investment beginning to emerge and further M&A and B2B opportunities under discussion we are well placed to deliver further growth.”