Entain’s US joint venture BetMGM saw its second half underlying net revenue growth accelerate to 159% helped by a 29% pick up in Online Sports.
That brings the full year total to $2.1bn with underlying cash losses (EBITDA) rising from $62mn to $244mn.
In 2025, revenue guidance has been lowered to a range of $2.4-$2.5bn was a bit lighter than expected, but cash profit (EBITDA) is expected to be positive, contrary to market expectations of a small loss.
Entain shares finished up 5.7% on the day.
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Entain key facts
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