Hey fam, Entain just spilled the tea ☕ about its Q3 revenue growth and let’s just say, it’s been a bumpy ride! 🎢
So, the London-based betting and gaming wizard, Entain, spilled the beans on Monday. They’re expecting their year-end EBITDA to hit a whopping £1.0 billion! 🤑 But here’s the plot twist – their Q3 revenue growth was a bit slower than anticipated. 😬
In the world of online gaming revenue (NGR), things were kinda all over the place, like a game of bingo gone wild! 🎱 But fear not, they’re still expecting a nice boost by the end of the year, fingers crossed! 🤞
However, September was a bit of a party pooper with some not-so-great sports results, putting a dent in those sports margins. 🏀🏈 Also, the UK has been throwing some regulatory shade, making life a bit trickier than expected. 🇬🇧 Meanwhile, Australia and Italy were not exactly sprinting in the revenue race. 🏃♂️🏃♀️
But wait, there’s a silver lining! Recent acquisitions, especially SuperSport in Croatia, have been crushing it! 🎉 And their retail game is strong, too. 🛒
Now, let’s talk about the MVP, BetMGM in the US 🇺🇸. It’s doing the touchdown dance with a stellar performance, and the NFL season kick-off was like adding extra cheese to the pizza! 🍕💃 They’re eyeing that upper end of $1.8 billion to $2.0 billion. 🤑
In a nutshell, Entain is keeping its head high, expecting a double-digit boost in online NGR for the year, and sticking to the EBITDA goals. 💪
CEO Jette Nygaard-Andersen spilled the tea 🍵, saying, “We’re growing online, and yeah, Q3 was a bit meh, but we’re rocking safer gambling, and peeps love our stuff!“
So, buckle up, mates! 🎢 Entain is all about that long-term shareholder value life. More deets coming this November. Stay tuned! 📅
📉 Stock Update: Entain plc (LSE:ENT) stocks decided to take a nap, dipping 7.73% to 974.40 pence per share. Mondays, right? 😅
#EntainAdventures #BumpyQ3 #GamingThrills #BetMGMBoom #StockMarketDance #LondonVibes #Q3Rollercoaster #BettingMagic #OnlineGamingRocks #EntertainMeRight
