ENTAIN 2024 Results
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Entain plc
("Entain" or the “Group”)
FY24 marked the Group’s return to organic growth with results at top of guidance
Continuing momentum sees business well placed for 2025
Entain plc (LSE: ENT), the global sports betting and gaming group, today reports its results for the year endedm31 December 2024 (“FY24”).
- Total Group Net Gaming Revenue (“NGR”), including 50% share of BetMGM, up +6%, +9%cc2, +4%cc2 proforma3
- FY24 Online NGR (exc. US) up +9%, +12%cc2, +6%cc2 proforma3 with improving momentum through the year
- Q4 Online NGR (exc. US) up +13%cc2, stronger than expected, including benefit of operator friendly sports margins
- Accelerating growth in “must win” markets:
- UK&I Online NGR returned to growth sooner than expected in Q3, and in Q4 grew +21%cc2 in line with market
- Brazil NGR grew +41%cc2 YoY, rebuilding strongly from +9%cc2 in Q1 to +65%cc2 in Q4
- In the US, BetMGM’s accelerating momentum and strategic refinement underpins our confidence in delivering positive EBITDA4 in 2025 and the pathway to $500m EBITDA4 in the coming years
- Margin expansion: Online EBITDA4 margin of 25.3%, ahead of expectations, benefiting from stronger than anticipated growth and operational efficiencies
- Group EBITDA4 of £1,089m, in line with upgraded5 guidance, +12%cc2 YoY, +5%cc2 proforma3
- Outlook: Year to date trading and ongoing operational execution supports our expectation to grow FY25 Online NGR in line with underlying markets
- Entain remains comfortable with market expectations6 for FY25
- Pathway to generating over £0.5bn of annual adjusted 7 cash flow in the medium term
Stella David, Interim CEO of Entain, commented:
"2024 has been a year of transformation for Entain. I am delighted to see that our strategic and operational improvements are translating into strong performance; clear evidence that our strategy is delivering. I want to thank all my colleagues for their tremendous hard work and resilience.
Entain has a high quality portfolio of iconic brands with podium positions in attractive markets. Our return to organic growth is the beginning of our rebuild journey; our momentum continues, and we have started the year strongly. I am incredibly proud of our achievements so far and look forward to our opportunities ahead."
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https://www.entaingroup.com/news-insights/latest-news/2025/2024-full-year-results/