Entain ends year with earnings at top-end of guidance
Gambling giant Entain reaffirmed its full-year 2024 EBITDA guidance on Monday, buoyed by operator-friendly sports results during the final quarter of the year.
Entain
13 January 2025 08:37:02
Source: Sharecast
The FTSE 100 company said it now expected group EBITDA to land at the top of its previously stated range of £1.04bn to £1.09bn.
That marked an improvement from its October projection, which anticipated results toward the upper end of the range.
Entain's US joint venture, BetMGM, also maintained its previously-issued guidance.
Despite customer-friendly sports results in October and December, BetMGM reiterated its forecast for a full-year EBITDA loss of around $250m, consistent with its earlier announcement that 2024 would remain an investment-focused year.
In its half-year update in July, BetMGM projected a second-half EBITDA loss similar to the $123m reported in the first half.
At 0820 GMT, shares in Entain were up 7.72% at 672.36p.
Reporting by Josh White for Sharecast.com.