Entain announces its Q4 2022 Trading Update and it has been another strong performance from Team Entain.
Q4 2022 has welcomed more brands, colleagues, and customers from around the world to Entain as Entain continues to bring moments of excitement into people's lives on a global scale.
Financial Highlights :
- Strong performance in Q4 with Group net gaming revenue up 11%
- FY22 Group NGR up 12%
- FY22 Group EBITDA expected to be in the range of 985m pounds - 995m pounds, ahead of previous expectations and representing growth of 12% versus the prior year
- BetMGM, the Group's joint venture in the US, continues to perform strongly.
Operational highlights:
- Completed SuperSport acquisition in Croatia, driving further growth and geographic diversity through the recently established Entain CEE
- Completion of BetCity acquisition in January 2023 secures access to the attractive and fast-growing Netherlands market
- BetMGM's ongoing success, including recent launches in Maryland, Ohio and Massachusetts
- Launch of UNIKRN in esports betting and skill-based wagering: soft launches in Brazil and Canada with further launches planned for 2023
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