Winvia Entertainment - profits exceeding expectations, while acquisitions continue, 300p Target Price

Mark Watson-Mitchell - 28.09.2026

This morning the £260m-capitalised Winvia Entertainment (LON.WVIA) has reported a strong first half for the six months to end-June, with net revenue increasing to £109.7m and Adjusted EBITDA rising to £17.2m, despite increased investment in Prize Draw Competitions.

The company now expects full-year Adjusted EBITDA to exceed market expectations, driven by significant growth in Online Gaming and a recovery in Prize Draw Competitions profitability, with the latter projected to reach close to £2m per month in Q4.

Statutory profit from operations saw a substantial 142% increase to £12.6m, and the company maintained a net cash position of £31.8m.

An interim dividend of 5p per share has been approved.

CEO Mihai Manoila stated that:

“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.”

The group's shares, which closed at 247.50p last Friday night, are sure to rise this morning, while I remain totally confident of my 300p Target Price.

(Profile 18.05.26 @ 225p set a Target Price of 270p*)

(Profile 25.06.26 @ 245p set a Target Price of 300p)