Stella David named permanent CEO of Entain
Entain has officially named Stella David as its permanent CEO, stepping into the role with immediate effect.While this is Stella David's first full-time appointment, she...
Entain starts 2025 strong Q1 results
Entain outperformed expectations in a number of categories, according to its trading results for the first quarter of 2025.
Entain has reported a strong start to 2025, with its total Group Net Gaming Revenue (NGR), which includes a 50% share of BetMGM, growing by 9% overall and 11% when adjusted for currency changes.
While the exact numbers weren’t disclosed, the company reported that its Q1 Online NGR, including the U.S. market, increased by 12% (or 15% when adjusted for currency changes).
With the U.S. market excluded, Online NGR grew by 6%, or 10% on a constant currency basis. This growth was mainly driven by strong volumes in the UK and good results in sports betting.
The UK and Ireland saw Online NGR rise by 23% when adjusted for currency, while Brazil experienced a strong 31% increase, both surpassing expectations. BetMGM also performed well, with NGR up 34%, positioning the company to reach EBITDA positivity by the end of FY25.
With its solid positions in valuable and well-regulated markets, Entain is still optimistic about reaching mid-single-digit constant currency growth in Online NGR for FY25.
During the first quarter, Group NGR (outside the United States) climbed by 8% on a constant currency basis, while Online NGR increased by 10%,.
Retail NGR increased by 2%, somewhat offset by lower gaming volumes in the UK. NGR increased by 10% in the UK and Ireland and International NGR went up by 5%, with Online NGR up 4% and Retail NGR up 11%.
Australia saw a drop of 8% as a result of customer-friendly sports results, while Brazil’s performance held up well, with NGR up 31%.
Entain reported a Q1 EBITDA of $22 million, driven by strong contributions from iGaming and Online Sports.
The company’s newly announced permanent CEO, Stella David, commented on the results:
“We’ve had a strong start to 2025. Our improved operations have helped us keep the momentum from 2024 into Q1. Our strategy is clear, and today’s results show it’s working.”
iGaming and online sports betting were the main drivers of Entain’s Q1 EBITDA of $22 million.
The company is positive about its year-to-date performance and is confident that it will meet market expectations for FY2025 EBITDA. Entain believes that with ongoing growth in its strategies and operations, it will be well-positioned to generate more than £500 million ($670.7 million) in annual cash flow over the medium term.
Entain reports solid 2024 with 7% revenue growth
Formerly known as GVC Holdings, an international gambling and sports betting company, Entain reported 2024 results, highlighting a 7% rise in net gaming revenue, which equals...
