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Entain plc ( (GB:ENT) ) has provided an update.
Entain plc reiterated its FY24 EBITDA guidance, indicating that despite favorable sports outcomes in the US, its joint venture, BetMGM, expects an FY24 EBITDA of approximately -$250m. Entain’s overall Group EBITDA is anticipated to hit the top end of the £1,040m-£1,090m range, influenced by operator-friendly sports results in Q4. This announcement underscores Entain’s stable financial trajectory and its strong positioning in the sports betting and gaming industry, potentially reassuring stakeholders about its strategic direction and market resilience.
More about Entain plc
Entain plc is a leading global sports betting and gaming company, listed on the FTSE100. It operates both online and in the retail sector, with a diverse portfolio of established brands such as BetCity, bwin, Coral, Ladbrokes, and Partypoker. The company also engages in a 50/50 joint venture with BetMGM, a prominent player in the US sports betting and iGaming markets. Entain is committed to operating in regulated markets across over 30 territories and is recognized for its leadership in ESG initiatives.
YTD Price Performance: -9.17%
Average Trading Volume: 1,919,690
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £3.99B
For detailed information about ENT stock, go to TipRanks’ Stock Analysis page.
