Global sports betting and gaming group Entain recorded an 8 percent increase in net gaming revenue for FY25, totaling GBP6.4 billion ($8.55 billion), boosted by its 50 percent share of BetMGM.
BetMGM saw a 33 percent yearly increase in revenue in constant currency (cc) terms, to $2.79 billion, with Online Sports revenue growth of 63 percent (cc) and iGaming up 24 percent (cc).
Looking to APAC, the group’s Australia operations saw a 6 percent (cc) drop in net gaming revenue (NGR), ‘with positive year-on-year volume growth in H2 offset by customer friendly sports results’. Australia operations generated 8 percent of the group’s NGR during the year.
New Zealand contributed 3 percent of NGR in 2025, with yearly revenue growth of 19 percent. Entain is looking to boost its revenue from New Zealand, hoping to buy up several online casino licenses when they’re on offer later this year.
The figures helped International NGR rise by 2 percent (cc) yearly to GBP2.64 billion ($3.53 billion), however underlying EBITDA fell by 5 percent yearly to GBP565 million ($755.07 million). International sports wagers were down slightly year-on-year to GBP12.37 billion ($16.53 billion), with Sports NGR down 3 percent yearly to GBP1.46 billion ($1.95 billion) and Gaming NGR up by 3 percent to GBP1.03 billion ($1.38 billion).
The Online segment generated most of International NGR, totaling GBP2.32 billion ($3.1 billion), down from GBP2.33 billion in FY24, while underlying EBITDA fell by 7 percent yearly to GBP517 million ($3.22 billion). International Retail NGR rose 3 percent yearly, to GBP318 million ($424.98 million), despite sports wagers in the segment falling 3 percent yearly to GBP1.54 billion ($2.06 billion). Sports Retail NGR was up 3 percent to GBP289 million ($386.22 million), while Gaming NGR fell by 9 percent to GBP14 million ($18.71 million).
Looking ahead, the group is expecting is expecting FY26 Online NGR, excluding the US, to rise by 5-7 percent (cc).
Speaking of the results, Stella David, CEO of Entain noted that “I am excited about the future as we evolve our strategic priorities, accelerate our performance, and maintain our focus on sustainable growth and cash generation. I am confident in Entain’s ability to deliver at least GBP500 million ($668.21 million) of annual adjusted cashflow from 2028.”
