Entain plc Returns to Organic Growth in FY24 with Strong Market Performance

Entain plc ( (GB:ENT) ) just unveiled an update.

Entain plc reported a return to organic growth in FY24, with total group net gaming revenue up by 6%. The company saw strong performance in key markets, including a 41% growth in Brazil and a 21% increase in UK&I online NGR in Q4. BetMGM, Entain’s US joint venture, also showed accelerating momentum, contributing to the group’s positive outlook for 2025. The company’s strategic and operational improvements have led to a higher EBITDA margin and a robust financial position, despite a reported loss after tax due to disclosed items. Entain remains confident in its growth trajectory and market expectations for FY25.

More about Entain plc

Entain plc is a global sports betting and gaming group, known for its diverse portfolio of iconic brands. The company focuses on providing online and retail betting services across various markets, including the UK, Ireland, Brazil, and the US, with a significant presence in the iGaming sector.

YTD Price Performance: 8.00%

Average Trading Volume: 2,264,820

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £4.65B

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