Entain Gaming Revenue Rises 2% as Domestic Growth Offsets Hit From Brazil
UK and Ireland online revenue rose 14% and helped offset a 36% drop in Brazil after the online gambling ban, Entain said.
- On Thursday, Entain reported a 2% rise in third-quarter net gaming revenue, reiterating its full-year 2026 forecast as strong UK and Ireland performance offset Brazilian weakness.
- Brazil banned online gambling last month, piling pressure on the industry; Entain's net gaming revenue in the country fell 36% as regulatory restrictions compounded existing competitive challenges.
- UK and Ireland net gaming revenue rose 8% during the third quarter, with online sales growth of 14% beating company expectations and substantially offsetting regional declines elsewhere.
- Entain reiterated its 2026 underlying core profit forecast of £910 million to £960 million and affirmed a £500 million annual adjusted cash flow target for 2028.
- The company's guidance assumes the Brazilian ban remains in force through 2026, as Entain prioritizes marketing discipline and player engagement to navigate the challenging regulatory environment ahead.
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What Entain (ENT) Said on Its Q3 Earnings Call
Entain (LON:ENT) reported third-quarter growth in online revenue, supported by market-share gains in the U.K. and double-digit expansion in several international markets, while customer-friendly sports results and continued uncertainty in Brazil weighed on reported performance. Group net gaming rev
Entain Q3 gaming revenue rises 2% as UK, Ireland growth offsets Brazil weakness
Entain, the owner of Ladbrokes, reported a 2% increase in third-quarter net gaming revenue, as strong growth in the UK and Ireland offset weaker performance in Brazil, and reiterated its full-year 2026 forecast. Net gaming revenue rose 2% in the three months ended September 30, 2026, while online revenue increased 3%. The UK and Ireland delivered stronger results, with net gaming revenue rising 8%...
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