Entain’s Q3 2022 results show a 2% increase in net gaming revenue and a record level of active online customers, up 6% year-on-year. The report also shows a 10% increase in gaming retail net revenue. In terms of full-year forecasts, FY22 EBITDA is expected to be in line with previous guidance of £925m – £975m (approximately $1bn).
When it comes to new business, the report reports that Entain is completing the acquisition of BetCity in the Netherlands and SuperSport in Croatia, which is scheduled to close in the fourth quarter, along with the creation of Entain CEE.
Jette Nygaard-Andersen, CEO of Entain, commented: “Our businesses continue to perform well with good underlying momentum across the group, including BetMGM. This illustrates the effectiveness of our growth strategy, the unique capabilities of the Entain platform , and the underlying strength of our diversified global businesses.”
“I am delighted that we have welcomed even more customers to our brands around the world. This is testament to our relentless customer focus as well as the quality of our products, content and talented people.”
Andersen continued: “In the US, BetMGM continues to be a clear leader in the iGaming market, and the successful start to the NFL season also highlights the strength of our growing US sports betting offering.”
“We have healthy momentum across all businesses and we expect a strong end to the year, which includes the World Cup. Looking ahead, we remain vigilant about the economic landscape. However, our diversified revenue base and business model robust environment allow us to remain confident in our ability to deliver on our growth and sustainability strategy,” added the CEO.