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Entain reports 11% year-on-year increase in Q4 NGR

Entain has reported an 11% year-on-year increase in net gaming revenue (NGR) for the fourth quarter of 2022.

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The group reported record Q4 online NGR, which increased 12% year-on-year after a successful 2022 World Cup, which took place in Qatar in December. The total was, however, offset by weather disruptions to sporting fixtures.

Also at record levels were active customers, which grew 14% year-on-year. Q4 2022 retail, meanwhile, climbed 10%, driven by strong growth in gaming and betting terminals.

Entain also reported its FY22 results, with NGR climbing 12% year-on-year. Online was down 1% year-on-year, reflecting “strong Covid-19 comparators and the absorption of regulatory changes, particularly in the UK and Germany.” Retail, however, climbed 66% year-on-year, with “volumes ahead of pre-Covid levels, market share gains and a broadening customer base.”

FY22 EBITDA is expected to be between £985m ($1.2m) and £995m, up 12% year-on-year and ahead of expectations.

Recent operational highlights for Entain include the completion of the acquisition of SuperSport in Croatia and the completion of the acquisition of BetCity. The group noted that the former drives further growth and geographic diversity through the recently established Entain CEE, with the latter securing access to the attractive and fast-growing Netherlands market.

Entain also touched on BetMGM’s ongoing success, which includes recent launches in Maryland, Ohio and Massachusetts.

“2022 has been another year of strong financial, operational and strategic progress for Entain,” said Entain CEO Jette Nygaard-Andersen.

“We have continued to grow our revenues in a sustainable and diversified way by expanding our global footprint, broadening our customer appeal, entering new areas of entertainment, and providing a safe environment for our customers. All of this has led to a record number of active customers in Q4, as well as a full-year EBITDA performance ahead of our previous expectations.

“We have started 2023 with good momentum across the business and remain confident in our ability to continue delivering on our growth and sustainability strategy in the year ahead.”

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