Operator
Welcome to the FDJ United Third Quarter ’25 Revenue Conference Call. [Operator Instructions] Now I will hand the conference over to Pascal Chaffard, CFO, Strategy and Performance Leader. Please go ahead.
Pascal Chaffard
Chief Financial Officer, Strategy & Performance leader
Thank you, and good evening or good afternoon according to your time zone. We have just published the press release commenting our 9 months revenue and our fine-tuned full year outlook. The presentation that I’m going to comment is available online in the Investors section of our corporate website or will be available in the coming minutes.
I will cover first Q3 and 9 months 2025 revenue and then our detailed outlook for the end of the year. At the end, we will have a Q&A session. For those who have the slides, we can move directly to the Slide #4.
Before deep diving into the figures, let me share the comment of Stephane Pallez, our Chairwoman and CEO, that summarized well our high-level message. She said the change in EBITDA United’s revenue at the end of September reflects a prolonged decrease in our online betting and gaming business in certain markets and the impact of higher taxation on gaming, particularly in France since July 1.
In this context, the group deepens its transformation and performance plan in 2025 and pursues the operational implementation of its strategy in line with the growth objective
