Spanish gambling operator CIRSA has posted its 72nd consecutive quarter of growth, with second-quarter revenue climbing 10% year-on-year to €637m as the early stages of the 2026 World Cup delivered a significant boost to its betting operations.
The Q2 2026 results marked a breakthrough for the conglomerate in several areas. Adjusted net profit jumped 55% to €75m, while EBITDA crossed the €200m threshold for the first time in a single quarter, reaching €202m compared to €186.8m the previous year.
The World Cup, which covered only its early knockout stages by the end of June, proved a major catalyst for CIRSA’s digital operations. The tournament drove a 3.6-fold increase in first-time depositors, a 96% rise in unique active players, and a 3.1-fold jump in new registered users.
Sports betting turnover increased 10.8% during the quarter, benefiting from Spain’s national team advancing through what would become a winning World Cup campaign for the operator’s home market.
Online Sector Outperforms
CIRSA’s online operations delivered particularly strong performance, with net revenue growing organically by 14.9% in Q2. Across the full first half of 2026, online turnover climbed 22.4%.
Retail operations also contributed to growth, with revenue up 10.2% in the quarter. For the six-month period ending June 30, the company reported net revenue of €1.26bn, up 9.1% year-on-year, and EBITDA of €396m, an increase of 8.4%.
Regional Growth and Expansion
Geographically, CIRSA posted 12.1% growth in Latin America and a 7.7% increase in its Spanish home market.
The operator expanded its footprint in Paraguay through the acquisition of Slots del Sol, described as the country’s leading online casino with a 50% market share. The deal has reportedly delivered a 66% bump in average revenue per user and 57% growth in active players.
In Portugal, CIRSA completed a purchase of Casino Figueira, marking its first casino property in the country as part of an omnichannel strategy.
The company’s €375m refinancing completed during the period cut financial costs by 40% and extended debt maturity, with total net debt now standing at €2.07bn.
With the quarter capturing only the early stages of the World Cup, the full impact of the tournament’s climax is expected to feature in Q3 results.
Key questions answered
How many consecutive quarters of growth has CIRSA now achieved?
CIRSA has posted 72 consecutive quarters of growth.
How did the World Cup impact CIRSA’s digital operations in Q2?
The World Cup drove a 3.6-fold increase in first-time depositors, a 96% rise in unique active players, and a 3.1-fold jump in new registered users.
What acquisitions did CIRSA complete during this period?
CIRSA acquired Slots del Sol in Paraguay, which has a 50% online casino market share, and purchased Casino Figueira in Portugal, marking its first casino property in that country.
How much did CIRSA’s refinancing reduce its financial costs?
The €375m refinancing cut financial costs by 40% and extended debt maturity.