Entain reports modest Q4 revenue rise of 7%

By Gambling Insider

Entain has announced its trading reports for Q4 2021, as well as for the financial year to 31 December 2021 (FY21).

The report shows strong FY21 performance with group net gaming revenue (NGR) up 7% year-on-year and online NGR up 12%.

All major markets saw an increase of 18% for FY21, excluding Germany, where the new regulatory regime is impacting the market.

Online growth has been actives driven, with actives up 25% year-on-year.

Fourth-quarter online NGR went 9% down, while retail NGR went 60% up.

FY21 EBITDA is expected to be in the range of £875m – £885m ($1.19bn - $1.2bn), ahead of previous expectations.

In terms of operational highlights, the report listed an additional investment of £25m in the New Opportunities business segment in 2022, to support the launch of the first esports skill-based wagering products during 2022.

The Entain Foundation launched EnTrain, a new initiative aiming at the increase of technological access, as well as the improvement of diversity.

Jette Nygaard-Andersen, Entain CEO, commented: "2021 has been a successful and eventful period for Entain, and our market-leading platform has driven another year of strong, sustainable and diversified growth. All of our major markets have performed well.

“We have also made significant operational progress and have continued to provide our customers with even better content, experiences and excitement as the worlds of media, entertainment, technology and gaming converge.

“As ever, our sustainability efforts have been at the core of everything that we do. We have continued to lead the way in the critically important area of player protection, and our technology-based Advanced Responsibility and Care programme is progressing well.”

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