Entain plc , the global leader in sports betting and gaming, reported today a robust start to FY2025 with first quarter results ahead of market expectations, reinforcing the Group’s growth strategy and operational momentum.
Q1 Highlights:
Total Group Net Gaming Revenue (NGR), including 50% of BetMGM, rose +9%, or +11% in constant currency (cc).
Online NGR (including US) surged +12% (+15%cc).
Online NGR (excluding US) grew +6% (+10%cc), driven by strong UK volumes and operator-friendly sports outcomes.
UK&I Online NGR climbed +23%cc, and Brazil posted +31%cc, meeting expectations.
BetMGM posted +34%cc NGR growth, positioning itself for positive EBITDA in FY25.
CEO Stella David commented:
“We’ve had a strong start to 2025. The operational improvements we made in 2024 are showing clear results. Entain has a clear and compelling strategy, and today’s results reinforce our direction. With our strong portfolio in regulated markets, we are on track to generate over £0.5 billion in annual pre-dividend cash flow in the medium term.”
Additional Key Figures:
Group NGR (exc. US): +8%cc
Online: +10%cc
Retail: +2%cc
CEE (Central and Eastern Europe): +12%cc with continued strength in Croatia
International Retail: +11%cc
Australia: -8%cc due to customer-favorable sports outcomes
FY25 Outlook:
Entain maintains its forecast for mid-single-digit Online NGR growth in constant currency for 2025 and remains confident in meeting EBITDA market consensus. BetMGM continues to progress toward its $2.4–$2.5 billion revenue goal and EBITDA positivity by year-end.
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