Group EBITDA reached £583 million, up 11% versus H1 2024
LONDON: Entain plc (LSE: ENT), the global sports betting and gaming group, reported stronger-than-expected interim results for the six months ended 30 June 2025, driven by robust performance across its core markets and a standout contribution from BetMGM.
Group Net Gaming Revenue (NGR), including Entain’s 50% share in BetMGM, rose 7% year-on-year, or 10% on a constant currency basis. Online NGR excluding the U.S. climbed 5%, with the UK & Ireland segment surging 21% on market share recovery and improved player values. Brazil also posted a 21% gain, performing in line with expectations in a newly regulated market.
Group EBITDA reached £583 million, up 11% versus H1 2024, while total EBITDA including BetMGM hit £625 million, a 32% increase. Entain upgraded its FY25 guidance, now expecting Online NGR growth of approximately 7% on a constant currency basis and Group EBITDA in the range of £1.1 billion to £1.15 billion.
BetMGM delivered net revenue of $1.35 billion, up 35% year-on-year, with iGaming and online sports segments outperforming. The U.S. joint venture posted H1 EBITDA of $109 million, supporting its upgraded FY25 outlook of at least $2.7 billion in revenue and $150 million in EBITDA.
CEO Stella David said the results reflect accelerating strategic progress: “Our business is getting stronger, fitter and faster. These results reinforce our confidence in driving sustainable growth and generating more than £0.5 billion of cash annually in the medium term.”
Entain also declared a 9.8p interim dividend, up 5% year-on-year, payable on 29 September 2025.