Entain reports strong Q1 2025
Entain, a leading global entity in the sports betting and gaming sector, commenced 2025 with remarkable growth, demonstrating its resilience and strategic acumen in a dynamic market.
In its Q1 trading update for the period ending March 31, the company reported a robust 9% year-on-year increase in Net Gaming Revenue (NGR), translating to an 11% growth when adjusted for currency fluctuations. This noteworthy expansion underscores Entain’s competitive positioning and operational effectiveness.
- Group NGR: Increased by 9% (11% in constant currency).
- Online NGR (including the US): Up 12%, or 15% in constant currency.
- Online NGR (excluding the US): Rose 6% (10% in constant currency).
- UK & Ireland Online: Achieved a substantial 23% increase (constant currency), surpassing market forecasts.
- Brazil: Recorded a significant 31% increase, aligning with projections.
- BetMGM: Entain’s US joint venture saw NGR skyrocket by 34%, with expectations for positive EBITDA in the current fiscal year.
Entain’s online segment, bolstered by its 50% stake in BetMGM, emerged as a pivotal driver of growth. BetMGM delivered exceptional performance, achieving record iGaming revenues and a remarkable 68% surge in online sports NGR, contributing $22 million in EBITDA for the quarter.
In April 2025, Stella David, who had been serving as interim CEO since February, was appointed as the permanent CEO. Her leadership is expected to provide continuity as Entain navigates through a period marked by transition and heightened regulatory oversight. David characterized the Q1 results as a definitive testament to Entain’s robust positioning and strategic advancement.
Stella David, CEO of Entain, stated:
“We have made a strong start to 2025. Our improving operational execution enabled us to exit 2024 with clear momentum, which has carried into Q1. Entain possesses a distinct and compelling strategy, and today’s results provide further evidence of our successful implementation. We are at the outset of our enhancement journey and progressing rapidly.”
“Entain’s portfolio holds prominent positions in appealing and well-regulated growth markets, establishing a foundation for structural growth within our business. We are optimistic that our current momentum, combined with underlying growth, will yield quality, sustainable earnings, with a clear trajectory towards generating over £0.5 billion in annual cash flow in the medium term.”
Looking ahead, Entain anticipates that its online NGR will witness mid-single-digit growth (in constant currency) for the full fiscal year. The company remains steadfast in its commitment to delivering enduring value while adhering to its long-term strategic goals.
