The following is a summary of the Organization of Football Prognostics S.A. (GOFPY) Q1 2024 Earnings Call Transcript:

Financial Performance:

• OPAP S.A. reported a solid Q1 2024 performance, in line with expectations.

• Significant GGR contribution from online platforms and solid positioning in the retail segment.

• The company experienced marketing expense front-loading due to new game launches and revamps, which are expected to normalize in later quarters.

• OPAP faced high marketing spending in Q1 and expects increased marketing expenses in Q2 around the Euro event.

• Personnel expenses increased due to elevated headcount and market-standard salary adjustments.

Business Progress:

• The launch and positive reception of Eurojackpot and the revamps of lotto and Tzoker contributed to increased GGR.

• Continued investments in online verticals and retail enhancements to elevate customer experience and drive revenue.

• The company is preparing internally for discussions around the extension of Hellenic Lotteries licenses.

Opportunities:

• Retail and online verticals both show potential for further revenue growth, leveraging upcoming major sporting events like the Euro.

• Strategically planned marketing spend aimed to attract new players and maintain customer engagement.

Risks:

• Marketing and operational expenses rose due to product launches and a competitive environment, impacting the cost base.

• Certain verticals, like Scratch, are facing performance challenges amidst increasing market options.

More details: OPAP S.A. UNSP ADR EACH REP 0.5 ORD EUR0.30 IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.