Entain reported its performance for 2025, showing steady growth in its online operations and stronger profitability. The Entain FY2025 results point to stable digital revenue across most markets and improved group margins. BetMGM also reached positive EBITDA during the year.

• Group underlying EBITDA reached GBP 1.16bn (ca. EUR 1.33bn) in 2025, about 8% higher year-on-year on a constant currency basis. The result came slightly above earlier guidance of GBP 1.1bn to GBP 1.15bn (ca. EUR 1.28 to EUR 1.32). The Entain FY2025 results reflect improved operating performance across the group.

• Online net gaming revenue outside the US rose around 5% year-on-year, or 6% on a constant currency basis. Growth was supported by higher player activity in several regulated markets. Online EBITDA margin increased to 25.7% during the year.

• Regional trends varied but remained broadly stable. Central and Eastern Europe delivered the strongest growth with NGR up around 7% year-on-year. International NGR overall stayed roughly flat, though it increased around 2% on a constant currency basis.

• Retail revenue declined compared with online operations. The retail segment recorded a 6% drop in NGR on a constant currency basis. Performance improved toward the end of 2025 with stronger fourth-quarter trading.

• BetMGM continued expanding in the US market. The joint venture reported about USD 2.8bn (ca. EUR 2.4bn) in net revenue for 2025, up roughly 33% year-on-year. CEO Stella David said: “2025 has been a successful year for Entain.”

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