Betting behemoth Entain has delivered first-half results that exceeded forecasts, propelled by a robust revival in its digital operations and accelerating momentum from its US partnership, BetMGM.
The FTSE 100 firm, which owns brands including Ladbrokes and Coral, saw its overall Group Net Gaming Revenue (NGR), incorporating its 50 per cent stake in BetMGM, leap 10 per cent on a constant currency basis, as reported by .
This achievement came despite challenging year-on-year comparisons with the previous period, which featured the Euros football tournament.
Entain's digital NGR, excluding the US market, climbed eight per cent, with the company crediting the expansion to "strong volumes in sports and gaming."
Trading NGR across the º£½ÇÊÓƵ and Ireland rocketed by 21 per cent as the business reclaimed market share.
BetMGM: a major growth engine
The crown jewel of Entain's portfolio, its BetMGM partnership, remained a significant growth driver.
The venture's net revenue rocketed 35 per cent year on year to $1.4bn, a result characterised as surpassing expectations.
BetMGM also delivered robust half year figures for the first half of 2025, with earnings before interest, taxes, depreciation and amortisation (EBITDA) reaching $109m, representing a dramatic reversal from losses in the prior year.
Entain has lifted its full year guidance following these numbers, now anticipating revenue delivery of at least $2.7bn. Chief executive Stella David, who secured permanent appointment in April, stated: "I am delighted by the ongoing momentum and strong performance that both Entain and BetMGM have delivered in H1 2025."
David further noted that the enterprise is "getting stronger, fitter and faster," with the figures bolstering the firm's conviction in its capacity to propel "sustainable underlying growth" and produce more than £0.5bn of cash annually in the medium term.
Total group EBITDA for the opening half reached £583m, climbing 11 per cent year-on-year.
When incorporating BetMGM's input, overall group EBITDA surged by 32 per cent to £625m.
