Entain FY23; NGR up, but operator reports £936.5m loss

Despite growth across its metrics, pro forma results show limited internal growth. Entain has released its full-year financial results for 2023. Net gaming revenue (NGR) totalled £4.83bn ($6.15bn), up 11% from FY22. Underlying EBITDA was up 1%, reaching £1.01bn compared to last year’s £993.2m. Gross profit was also up year-on-year, rising 7% to £2.91bn.  Despite this, Entain reported a loss in FY23, despite r...