Formerly known as GVC Holdings, an international gambling and sports betting company, Entain reported 2024 results, highlighting a 7% rise in net gaming revenue, which equals £5.16 billion ($6.67 billion). Thanks to strong online performance, EBITDA also grew by 8% to £1.09 billion ($1.41 billion). However, retail betting saw only a 2% revenue increase, but
Formerly known as GVC Holdings, an international gambling and sports betting company, Entain reported 2024 results, highlighting a 7% rise in net gaming revenue, which equals £5.16 billion ($6.67 billion).
Thanks to strong online performance, EBITDA also grew by 8% to £1.09 billion ($1.41 billion). However, retail betting saw only a 2% revenue increase, but profits dropped 11% due to more people shifting to digital betting. With market adjustments, the company expects to stabilize this segment soon.
Entain’s UK operations
Entain made a strong comeback in the UK and Ireland. Despite a challenging start to 2024, with regulatory issues causing a 6% revenue decline, the company recovered in the second half with 7% growth. Streamlined operations and improved customer experiences played a big role.
Stella David, Entain Interim CEO, commented:
“The UK&I is an omni-channel market which brings many opportunities, particularly following our organizational restructuring.”
Looking to 2025
During 2024, Entain recorded a revenue increase of 6%, with Brazil standing out with a 41% jump. While Australia and Italy faced slower growth, Central & Eastern Europe saw an impressive 62% increase.
Stella David added:
“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.”
In 2025, the company plans to focus on customer growth, adapting to tax changes in Brazil, and expanding in promising markets like Poland and New Zealand.