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Entain ADR (GMVHY)
OTHER OTC:GMVHY
Earnings Data
Report Date
Aug 06, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-0.2Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call balanced clear operational and financial outperformance against material regulatory headwinds. Highlights include broad-based revenue and volume growth, EBITDA and EPS beats, a cash flow turnaround to GBP 151m, strong BetMGM profitability and distributions, margin gains driven by efficiency programs (Project Romer) and a credible plan to target GBP 500m annual adjusted cash flow by 2028. Offsetting these positives are the substantial UK gambling tax increases (which raise the group's ETR, depress 2026 margins and delay deleveraging), regulatory friction in markets such as Brazil and the Netherlands, and risks from the black market and promotional dynamics. Overall the company presented strong execution and a clear mitigation roadmap, while acknowledging significant near-term headwinds.Company Guidance
Strong revenue and volume momentum
Total revenue (including 50% of BetMGM) rose to GBP 6.4bn, up 8% year‑on‑year; online NGR ex U.S. was GBP 3.9bn, up 6% y/y (would have been 7% excluding adverse Q4 sports results). Online volumes grew 7% for 2025 and 9% in Q4, with 7 consecutive quarters of online revenue growth.
EBITDA and EPS outperformance
Entain EBITDA (ex U.S.) was GBP 1.16bn, up 8% y/y; group EBITDA including BetMGM was GBP 1.244bn (up ~28% constant currency / ~25% reported). EPS more than doubled, rising to 62p.
Adjusted cash flow turnaround
Adjusted cash flow moved from an outflow in 2024 to an inflow of GBP 151m in 2025, ahead of expectations, driven by Entain EBITDA beats and higher-than-expected cash returns from BetMGM.
BetMGM inflection to profitability and cash returns
BetMGM delivered a strong year: revenues up ~33%, EBITDA up by >$460m y/y, online revenue growth ~34%, and returned $270m of cash to parents in 2025. Management expects ~ $500m adjusted EBITDA at BetMGM in 2027, underscoring a strong ROI on ~ $1bn net investment.
Margin improvement and efficiency gains
Online EBITDA margin beat guidance, up 0.4 percentage points y/y despite a 1.4pp drag from Brazil taxes (implying ~1.8pp underlying improvement). Project Romer delivered over GBP 100m annual savings and online gross profit margin improved ~1pp (c. GBP 40–60m benefit).
Improved leverage and liquidity
Look‑through leverage fell to 3.6x (from 4.3x a year earlier); reported leverage remained 3.1x. Available cash stayed strong at over GBP 900m and net debt was GBP 3.6bn with a healthy maturity profile.
Broad-based geographic and product diversification
Growth was broad-based: UK&I online +15%, double-digit growth in markets such as Spain, Canada, Greece, Georgia and New Zealand. Management highlights podium positions in 13 of its 16 largest online markets and 97% of revenue from markets expected to grow at least mid-single-digit CAGR.
Clear cash-focused outlook and targets
Guidance for 2026: online NGR growth 5–7% (constant currency) and online EBITDA margin 23–24% (after UK tax changes). Management reiterated a target to deliver at least GBP 500m of annual adjusted cash flow from 2028 and expects to mitigate over 50% of the UK tax impact from 2027 onwards.
GMVHY 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
GMVHY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 05, 2026 | $7.62 | $7.68 | +0.80% |
Aug 12, 2025 | $12.26 | $12.09 | -1.38% |
Mar 06, 2025 | $9.21 | $9.08 | -1.44% |
Aug 08, 2024 | $6.35 | $6.67 | +5.03% |
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 ADR (GMVHY) report earnings?
Entain ADR (GMVHY) is schdueled to report earning on Aug 06, 2026, TBA (Confirmed).
What is Entain ADR (GMVHY) earnings time?
Entain ADR (GMVHY) 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 GMVHY EPS forecast?
Currently, no data Available