Q1 Net Gaming Revenue: Entain records 15% rise

Updated:2024-03-25 14:32    Views:186

NGR increased by 15% from the beginning of January to the end of March, with global operations continuing to experience growth. Online NGR, meanwhile, increased by 16%, as anticipated.

Entain emphasised record-high numbers of active customers, up 19% from the prior year, as well as a solid result in retail, with NGR 14% higher.

Financial highlights include an online NGR of +1% in the first quarter, and an online NGR of +6% on an underlying basis, excluding known regulatory implications in the UK and Germany.

In the iGaming industry, Entain has a 28% market share, while its subsidiary BetMGM has a 17% share in the sports betting market. 

Additionally,slot san quentin the company has partnered with other companies like TAB New Zealand and 365scores, which boosted revenue.

Jette Nygaard-Andersen, the CEO, said: "We are delivering both financially and strategically, with a record number of active customers enjoying our products, and we are executing on growth opportunities to further diversify and expand across regulated markets. In the US, BetMGM continues to grow in line with expectations and enjoyed a successful quarter which included the Super Bowl and March Madness.

"Looking ahead, we remain confident that our customer focus, diversification and proven ability to grow organically and through M&A will enable us to demonstrate further progress against our strategy."

Meanwhile, Entain recently acquired sports media company 365scores for a price of £120m ($150m).