The company, which owns betting shops Coral and Ladbrokes, saw its share price jump by as much as 9% when markets opened on Monday morning.

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Entain shrugs off run of punter-friendly US sports results

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Evgeny Lebedev

The company, which owns betting shops Coral and Ladbrokes, saw its share price jump by as much as 9% when markets opened on Monday morning

Daily Mirror

Reach plc

Betting giant Entain shares leap higher as it shrugs off punter-friendly results

Investing.com — Shares of Entain plc (LON:ENT) climbed over 4% on Monday after the global sports betting and gaming company reaffirmed its full-year 2024 EBITDA guidance.  In a statement, Entain reiterated its expectation that Group EBITDA for the financial year will land at the upper end of its previously announced range of £1,040 million to £1,090 million.  This comes despite a mixed trading environment in the final quarter of 2024, with favor…

Investing Business Daily

Investing Business Daily | Entain shares jump after reiterating FY24 guidance

The company, which owns betting shops Coral and Ladbrokes, saw its share price jump by as much as 9% when markets opened on Monday morning Entain’s shares soared after the gambling giant announced it anticipates reporting full-year earnings at the upper end of its forecast, despite a US sports season that has been kind to bettors. The firm behind high street favourites Coral and Ladbrokes saw its stock surge by up to 9% as trading kicked off on …

The Business Times

Betting giant Entain shares leap higher as it shrugs off punter-friendly sports results

Noting updated guidance from industry peers following sports results during the trading period of 1 October to 31 December 2024 (Q4), Entain plc (LON: ENT), the global sports betting and gaming group, has reiterated its FY24 guidance. BetMGM On 29 July 2024, BetMGM’s 1H-24 update announced that, consistent with 2024 as an investment year, 2H-24 EBITDA was expected to be similar to the -$123m EBITDA delivered in 1H-24. Despite the customer friend…

DirectorsTalk Interviews

Entain Plc reiterates FY24 EBITDA guidance

Entain’s shares spiked in early morning trading after the FTSE 100 firm reiterated its full-year 2024 guidance despite a sustained period of customer-friendly US sports results in Q4. The London-listed firm said its US-facing JV, BetMGM, is still expected to report an EBITDA loss of around $250m (£206.2m), which was in line with the company’s plans given 2024 was an “investment year”. BetMGM reported a H1 EBITDA loss of $123m, with H2 expected t…

Entain shrugs off run of punter-friendly US sports results

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