Entain raises profit forecast due to Euro 2024 and NFL revenue boost, with UK/Ireland growth and online revenue rises.
Entain, owner of Ladbrokes and Coral, has upgraded its profit forecast after a strong third quarter, driven by the Euro 2024 tournament and NFL matches. Total net gaming revenues rose by 8%, with online revenues, excluding the U.S., up 9%. The company expects mid-single-digit growth in online revenues for the year. This positive performance marks a recovery in its UK and Ireland business and is the first update under new CEO Gavin Isaacs.
October 17, 2024
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