Entain sees 'strong' performance in many markets during Q1
reported an in line performance for its first quarter.
In a trading update, boss Stella David said management was "particularly encouraged" by customer engagement in the US with its first quarter performance having been bolstered by "strong" performances in many of its markets.
Net Gaming Revenues, including its 50% stake in BetMGM, were ahead by 6% at constant currencies.
International NGR was ahead by 8%, including an "encouraging" return to "good" growth in Brazil.
NGR in Croatia and Poland continued to perform well, jumping by 130%.
David also expressed confidence in the sports-betting outfit`s ability to continue driving organic growth into 2025 and beyond.
"We look forward to building on this momentum as we focus on our strategic priorities of organic revenue growth, margin expansion and winning in the U.S.," she said.
"We remain confident that our continued focused execution will drive organic growth into 2025 and beyond."
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.