Entain gaming revenue rises 2% as domestic growth offsets hit from Brazil

By Reuters News

Oct 15 (Reuters) - Ladbrokes owner Entain ENT.L reported a 2% rise in third-quarter net gaming revenue and reiterated its annual forecast on Thursday, as a strong showing in the UK and Ireland offset the impact from weaker performance in Brazil.


Here are some details:

  • Brazil banned online gambling last month, piling pressure on an industry already squeezed by high costs and regulatory scrutiny

  • Entain, which was already facing a tough environment in Brazil due to increased competition, had warned its 2026 group underlying core profit would be at the lower end of its earlier forecast range of £910 million to £960 million

  • The company reported net gaming revenue growth of 2% and online revenue growth of 3% for the three months to September 30

  • UK & Ireland net gaming revenue rose 8%, with online sales growth of 14% beating the company's own expectations

  • Entain stuck to the full-year 2026 forecast it provided late last month, and affirmed its target of £500 million ($661.7 million) in annual adjusted cash flow in 2028

($1 = 0.7556 pounds)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.