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Entain plc (GB:ENT)
LSE:ENT
Earnings Data
Report Date
Aug 06, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.35Last Year’s EPS
0.31Same Quarter Last Year
Strong Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong operational and financial performance in 2025 with broad-based organic growth, a clear BetMGM profitability inflection, meaningful margin and cash flow improvement, and a credible multi-year plan (including cost/AI initiatives) targeting at least GBP 500m adjusted cash flow by 2028. The principal near-term headwind is the sharp U.K. tax increase and related regulatory/black-market risks, which depress margins in 2026 and delay a year of deleveraging; management has detailed mitigation workstreams and expects to offset over 50% of the U.K. tax impact from 2027. Overall, the positive operational momentum, strong BetMGM contribution and improved cash generation outweigh the significant but manageable regulatory headwinds.Company Guidance
Strong Group EBITDA Performance
Entain reported ex-U.S. EBITDA up 8% year-on-year to GBP 1.16 billion and total group EBITDA (including 50% of BetMGM) up 28% year-on-year to GBP 1.244 billion, driven by organic growth and efficiency improvements.
Robust Online Volume and Revenue Momentum
Online volumes rose 7% year-on-year in 2025 (9% in Q4) with seven consecutive quarters of online revenue growth; online NGR ex-U.S. was GBP 3.9 billion, up 6% year-on-year (would have been ~7% excluding adverse sports results).
Significant BetMGM Inflection
BetMGM delivered 33% revenue growth and EBITDA up over $460 million year-on-year, moved into profitability, and returned $270 million of cash to parents in 2025; management expects ~ $500 million adjusted EBITDA for BetMGM in 2027.
Material EPS and Cash Flow Improvement
EPS more than doubled to 62p and adjusted cash flow improved from an outflow in 2024 to an inflow of GBP 151 million in 2025, comfortably ahead of guidance (initial guidance had moved from neutral to GBP 75 million).
Revenue Growth and Diversified Portfolio
Total revenue (including 50% of BetMGM) grew c.8% to GBP 6.4 billion. Growth was broad-based with the U.K. up 15% online and double‑digit volume growth in markets such as Spain, Canada, Greece, Georgia and New Zealand.
Improved Leverage and Strong Liquidity
Look-through leverage improved to 3.6x (down from 4.3x prior year); reported leverage was 3.1x. Available cash remained strong at over GBP 900 million and the debt maturity profile is healthy (next significant maturity ~20% not until 2028).
Operational Efficiency Gains
Project Romer delivered over GBP 100 million of annual savings; online gross profit margin rose ~1.0 percentage point excluding Brazil tax headwinds (c.1.8 p.p. underlying margin improvement after adjustments were highlighted).
Progress on Customer Metrics and Product Improvements
Net revenue retention held >90% throughout 2025 (above 85% benchmark) and customer acquisition remained >15%, supported by product/UX upgrades (e.g., app rebuilds in Poland) and AI-driven product pilots rolled out across markets.
Dividend Increase and Capital Discipline
Final dividend declared at 9.8p per share, up 5% year-on-year, complementing the company’s focus on disciplined capital allocation and an explicit target to deliver at least GBP 500 million annual adjusted cash flow by 2028.
Clear 2026 Guidance and Longer-Term Targets
Management guided 2026 online NGR growth of 5–7% and online EBITDA margin of 23–24% (noting a small year-on-year Entain EBITDA decline before U.S. parent fee), and reiterated pathway to EBITDA/margin expansion and GBP 500m adjusted cash flow by 2028.
GB:ENT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GB:ENT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 05, 2026 | 578.20p | 584.80p | +1.14% |
Aug 12, 2025 | 926.06p | 907.86p | -1.96% |
Mar 06, 2025 | 723.49p | 711.59p | -1.64% |
Aug 08, 2024 | 502.39p | 527.93p | +5.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Entain plc (GB:ENT) report earnings?
Entain plc (GB:ENT) is schdueled to report earning on Aug 06, 2026, TBA (Confirmed).
What is Entain plc (GB:ENT) earnings time?
Entain plc (GB:ENT) earnings time is at Aug 06, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Entain plc stock?
The P/E ratio of Entain plc is N/A.
What is GB:ENT EPS forecast?
GB:ENT EPS forecast for the fiscal quarter 2026 (Q2) is 0.35.