Entain Reports 7% Growth Reaching €5.87 Billion in Revenue and Reduces Losses to €530 Million in 2024

The global sports betting and gaming corporation reported a 7% increase in group revenue, reaching £5.1 billion, and a substantial reduction in loss after tax from £879 million in 2023 to £461 million in 2024. This improvement is attributed to strategic refinements across its operations and a focused approach to customer-centric innovation.

Entain's CEO, Stella David, emphasized the success of their refined strategies, which focused heavily on organic revenue growth, margin expansion, and market share gains. The report detailed how these strategies were implemented across various markets, with notable achievements in both regulated and emerging markets.

The company’s operations in the UK and Ireland remain a cornerstone of its success, contributing significantly to its revenue with a clear recovery and positive trajectory noted in 2024. Internationally, Entain has made strong inroads into new markets, with the U.S. and Brazil highlighted as key areas of expansion and investment. The BetMGM joint venture in the U.S. continues to perform well, with market share stabilization and enhanced customer offerings driving growth.

A focal point of the report was Entain's commitment to responsible betting. Innovations in player protection and betting integrity have been pivotal, reflecting the company's dedication to safety and ethical practices. The launch of new technology platforms and partnerships, such as with major sports leagues, has bolstered Entain's market position, offering customers a richer and more integrated betting experience.

Financially, Entain has managed to improve its EBITDA by 8% to £1,089 million, driven by higher operational efficiency and revenue growth. The company also reported a strong balance sheet with reduced adjusted net debt, highlighting its robust financial management and strategic capital allocation.

As Entain looks forward, the company is poised to continue its growth trajectory with further investments in technology and expansion into new geographical markets. The commitment to enhancing customer experience and operational excellence is expected to drive Entain's performance in the upcoming fiscal year, setting a strong foundation for sustained long-term growth.

The 2024 Annual Report not only reflects Entain's resilience and adaptability but also underscores its position as a leader in the global betting and gaming market, committed to delivering value to stakeholders and enhancing the customer experience through innovation and responsible practices. REPORT