Entain has posted, excluding the US, a 3% year-on-year (YoY) uptick in full-year 2025 net gaming revenue (NGR) to £5.3bn, as management pointed to “strong volumes and underlying momentum”.
Including the FTSE 100’s firm’s 50% share in BetMGM, full-year NGR climbed 7% to £6.4bn.
Without BetMGM, group underlying EBITDA increased 7% to £1.2bn. The JV with MGM Resorts International reported £83.5m in EBITDA for the period.
Underlying group profit rose 40% to £861.2m. The earnings report has seen the group’s stock jump more than 5% to 610p.
Online gains in key markets such as the UK and Ireland (UKI), where online revenue rose 15%, and Spain, up 37%, were highlighted as key drivers for the Ladbrokes, Coral and bwin parent.
Staying with the UKI, overall revenue was up 6% to £2.2bn, yet there was a 2% decline in retail, bosses announced.
Online gains for UKI were mainly derived from gaming (up 18% to £850m), while online sports increased 7% to £282m.
Management said a strong H1 continued into Q3, yet customer-friendly sports betting results in Q4 had an impact, with margin down 2.6 percentage points YoY.
Entain has also placed a £487.7m impairment charge against the division due to the planned tax hikes coming in the UK, starting with remote gaming duty hitting 40% from April.
However, the business did say the tax increase represented a “significant strategic opportunity” given the assumption brands in the long tail will exit, providing the opportunity to take market share.
International remains flat
Outside the UKI, International NGR was flat YoY at £2.6bn, with underlying EBITDA down 5% to £564.8m.
Declines in Australia and Brazil were offset by gains elsewhere, namely the aforementioned Spain, New Zealand and Georgia.
Australia NGR fell 11%, as bosses pointed to the “ongoing softness in the underlying market”, as well as customer-friendly results in major sporting events.
Brazil, where the group operates Sportingbet and which is a market Entain had previously pedestalled as one of three target markets, reported a 7% revenue dip in NGR, with an 18% decline in H2 alone.
Customer-friendly results and tough comparisons to 2024, when the market was still grey, were cited as reasons for the falls.
“We remain confident Sportingbet is well placed for growth in this highly competitive market,” Entain added.
New Zealand and Georgia both reported 10% gains in NGR, while the Netherlands tumbled 25%.
As for Entain CEE, which includes STS in Poland and SuperSport in Croatia, revenue rose 7% to £521.7m.
On the full-year outlook for 2026, management expects online NGR growth of 5% to 7%, excluding the US.
Underlying EBITDA is anticipated to come in around £1.1bn.
In other Entain news, CFO and deputy CEO Rob Wood will leave the business on 6 March and be replaced by Michael Snape.
Stella David, Entain CEO, said: “2025 has been a successful year for Entain. We are continuing to drive strong underlying momentum and I am immensely proud of our strategic and operational progress and the results it is delivering.
“Entain’s diverse and globally scaled portfolio of podium positions, is more important than ever to ensure we are a long-term winner in our industry.
“The business has never been in better shape and is well positioned to not only navigate the tax and regulatory challenges facing our industry, but to seize them as opportunities.
“I am excited about the future as we evolve our strategic priorities, accelerate our performance and maintain our focus on sustainable growth and cash generation.
“I am confident in Entain’s ability to deliver at least £500m of annual adjusted cashflow from 2028.”
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The post Entain revenue up 7% as CEO says business has “never been in better shape” first appeared on EGR Intel.
Ladbrokes and Coral parent reports strong online UKI gains, although slips in Australia and Brazil are attributed to customer-friendly results
The post Entain revenue up 7% as CEO says business has “never been in better shape” first appeared on EGR Intel.