JUE 28 DE NOVIEMBRE DE 2024 - 12:46hs.
First half results

Entain delivers 22nd consecutive quarter of double-digit online growth

In a first half of the year that shows a very strong performance of the company across different markets, Entain has posted for the period net gaming revenue of £1.792bn, up 11% on a year ago, with underlying Ebitda climbing 12% to £401.1m and profit after tax rising by £69m to £90.9m. “The quality and diversification of our businesses has enabled us to deliver our 22nd consecutive quarter of double-digit online growth,” says Entain CEO, Jette Nygaard-Andersen.

Online NGR was up 28% to £1.587bn – sports rising 55% to £751.1m and gaming 10% to £825.9m – and 38% higher excluding Germany.

Entain’s BetMGM joint-venture with MGM Resorts in the US “continues to perform strongly”, with H1 NGR of US$357m.

Entain CEO, Jette Nygaard-Andersen, commented on the results: “Entain’s platform continues to deliver. The quality and diversification of our businesses has enabled us to deliver our 22nd consecutive quarter of double-digit online growth, while also making excellent progress on our strategic priorities.”

This performance is not only a result of our industry-leading technology, but also the hard work and dedication of our talented teams of people around the world, and I would like to take this opportunity to thank them,” Nygaard-Andersen added.

The operator cited retail lockdowns, the full sports fixture list, new product releases and excellent customer acquisition throughout the Cheltenham Festival and Aintree Grand National for driving a “strong sports and gaming performance” for its UK Online operations.

Entain added: “All brands benefitted from the extended UK lockdown which has driven increased recreational retail type play as well as increased player days and NGR per active.”

The Ladbrokes Coral operator attributed the exit from tier three Covid restrictions for volumes returning to around 90% of pre-pandemic levels: “Machines have performed particularly well whilst sports continues to recover steadily from the extended period of shop closures.”

Source: GMB