Entain (ENT) Status update summary

2025 Performance Highlights

• Net revenue reached $2.8 billion, up 33% year-on-year, with Q4 revenue of $780 million, up 39% year-on-year.

• EBITDA for 2025 was $220 million, a nearly $500 million year-on-year increase, with Q4 EBITDA at $71 million.

• Distributed $270 million to parent companies, exceeding guidance due to strong Q4 results.

• iGaming net revenue grew 24% to $1.83 billion; online sports net revenue rose 63% to $903 million.

• Achieved a 13% GGR market share in active markets, including 21% in iGaming and 8% in Online Sports.

Strategic and Operational Developments

• Enhanced marketing efficiency, player management, and product improvements drove transformation.

• Launched the Make It Legendary campaign and expanded to Missouri, the 30th legal jurisdiction.

• Real-time integration of BetMGM and MGM Resorts loyalty programs implemented.

• Continued investment in exclusive content, live dealer products, and cross-sell initiatives.

• Improved omni-channel experience in Nevada, including seamless digital registration and wallet.

iGaming and Online Sports Performance

• iGaming saw robust growth, with player volume and NGR up 24% year-on-year in 2025.

• Online sports NGR grew 63% year-on-year, with player staking and value up 77%.

• Online Sports saw margin improvement of 170 bps and handle per active up 26% year-on-year.

• Growth supported by in-house titles, exclusive IP, and expanded live dealer offerings.

• Enhanced player engagement and retention through gamified tools and cross-sell initiatives.