Entain Plc Adr ( (GMVHY) ) has released its Q4 earnings. Here is a breakdown of the information Entain Plc Adr presented to its investors.
Entain Plc, a leading global sports betting and gaming company, operates a diverse portfolio of brands across online and retail sectors, with a strong presence in over 30 regulated markets worldwide. In its latest earnings report for the fiscal year 2024, Entain Plc announced a return to organic growth, achieving results at the top of its guidance range. The company reported a 6% increase in total group net gaming revenue, driven by strong performance in key markets such as the UK, Brazil, and the US. Online net gaming revenue, excluding the US, rose by 9%, with significant growth in the UK and Brazil. BetMGM, Entain’s joint venture in the US, also showed promising momentum, contributing to the company’s positive outlook for 2025. Entain’s financial performance was bolstered by a 25.3% online EBITDA margin, surpassing expectations due to operational efficiencies and strong revenue growth. The company reported a group EBITDA of £1,089 million, in line with upgraded guidance, despite a loss after tax of £461 million due to impairments from regulatory changes and competitive pressures in smaller markets. Looking ahead, Entain remains optimistic about its growth prospects in 2025, with expectations for mid-single-digit growth in online net gaming revenue and a stable online EBITDA margin. The company is confident in its strategic direction and ability to generate over £0.5 billion in annual adjusted cash flow in the medium term.