Entain has kicked off 2024 with strong momentum. The company’s FY24 results highlight a return to organic growth. With a high-quality portfolio of brands, Entain continues its rebuild journey.

  • Total Group (ex US) net gaming revenue reached £5,162m, a 7% increase year-over-year. FY 2024 Online NGR surged by 9%.

  • Group EBITDA stood at £1,089m, an 8% YoY increase, driven by £941m from online operations (+11%). Retail EBITDA declined 11% to £261m, impacted by a softer retail gaming market.

  • UK & Ireland NGR remained flat in constant currency but showed signs of recovery. UK&I online revenue increased by 2% cc, with 14% cc growth in H2. Retail NGR fell 1% cc but gained 2% cc in H2.

  • International markets delivered 10% cc NGR growth, with Brazil surging 41% cc and Italy up 3% cc. Australia saw a modest 1% cc increase despite underlying market challenges. Entain’s CEE region grew 12% cc proforma, with SuperSport Croatia leading at 16% cc YoY.

  • Customer engagement improved significantly, with active online users up 10% YoY. Spend per head rebounded in Q4 across both gaming and sports for the first time since early 2021.

  • BetMGM generated $2.1 billion in net revenue, a 7% YoY increase. Market share stabilized at 14%, with iGaming at 22% and online sports at 8%.

  • Financial performance reflected a £461m loss after tax, largely due to £876m in impairment charges related to regulatory changes and competitive pressures in smaller markets.

  • Project Romer efficiency programme remains on track, with the company raising its annual net savings target to £100m by 2026.

Q4 2024 performance

  • Q4 2024 group (ex US) performance showed 8% NGR growth, with 9%  YoY growth in online operations. Retail NGR increased 6%, while online gaming and sports betting saw strong demand.

  • UK & Ireland online NGR rose by 21%, with gaming revenue up 21% and sports wagers up 45%.

  • International markets saw 4% total NGR growth, with online revenue up 3% and retail revenue increasing 8%. Strong performance was noted in CEE markets, with 12% cc NGR growth.

  • BetMGM Q4 performance declined by 5%, reflecting a transition period with increased marketing investments. However, iGaming revenue remained stable, supporting long-term market share objectives.

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