Entain Reports Q3 Performance in Line with Updated Expectations

Entain plc has released the trading results for the period from July 1 to September 30, 2023 (“Q3”), along with an update on accelerating the Group's operational strategy.

Q3 Highlights:
  • Total Group (including US) Net Gaming Revenue (“NGR”) up +7% (+10% cc).
  • Group NGR (excluding US) up +7% (+9% cc), -5% proforma.
  • Online NGR up +9% (+11% cc), -6% proforma, in line with updated expectations.
  • Online NGR (excluding known regulatory impacts) up +17%, flat proforma.
  • Continued strong growth in active customers, +26% YoY.

BetMGM continues to perform strongly with Q3 NGR of approximately $458 million, up c.15% YoY.

CEO Commentary, Jette Nygaard-Andersen:

“Entain has undergone a profound transformation over the last few years and now has strong foundations from which to move into its next phase of growth. We have made significant investments in responsible gambling initiatives. While these steps have impacted EBITDA, they are unquestionably the right thing to do to improve our long-term prospects."
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