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Entain (ENT) investor relations material
Entain Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 Group NGR rose 2% YoY, with Online growth offset by customer-friendly sports results and Brazil market challenges; FY26 guidance was reiterated.
Q3 marked a 10th consecutive quarter of online growth; excluding Brazil, Online NGR rose 5% on 7% volume growth.
Financial highlights
Q3 Online NGR increased 3% YoY, with Gaming up 8% and Sports down 3%; excluding Brazil, Online NGR grew 5%.
Q3 Retail NGR declined 2% despite volume growth of 2%; Q3 YTD Group NGR increased 4%, with Online up 5% and Retail flat.
Excluding Brazil, Online NGR grew 8% year to date, ahead of the prior 5%-7% guidance range.
Outlook and guidance
FY26 Online NGR growth expected at 4%-6% on a constant-currency basis; excluding Brazil, growth expected at the top end of the 5%-7% range.
FY26 Underlying EBITDA, excluding parent fees, expected at the lower end of the £910m-£960m range; Online Underlying EBITDA margin expected at the lower end of 21%-22%.
2028 annual adjusted cash flow expectation remains £500m, including the 47.5% minority stake in CEE; excludes working capital, equity dividends, acquisitions and related financing.
BetMGM remains on track with annual guidance; a fuller articulation of cash-generation plans is expected at full year.
- Q3 revenue rose 7% and adjusted EBITDA more than doubled; FY 2026 guidance was reaffirmed.ENT
Status update - NGR rose 5% cc as guidance held and the phased CEE exit began.ENT
H1 2026 - Q2 net revenue grew 3% to $711M, iGaming up 8%, FY guidance held at lower end.ENT
Status update - Q1 2026 delivered 3% NGR growth, robust online gains, and reaffirmed full-year guidance.ENT
Q1 2026 TU - Q1 revenue up 6%, guidance lowered, EBITDA targets maintained amid competition.ENT
Status update - 2025 saw robust growth and cash flow, with stable 2026 outlook despite U.K. tax increases.ENT
H2 2025 - Record 2025 revenue and EBITDA drive $270M cash to parents and strong 2026 outlook.ENT
Status update - Q3 delivered strong NGR growth and BetMGM outperformance, with $200M cash return to parent.ENT
Q3 2025 TU - H1 2024 delivered 6% NGR growth, margin expansion, and upgraded guidance amid strong execution.ENT
H1 2024
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