Entain has revealed that total group net gaming revenue rose by 19 per cent in H1, helped by a record number of online active customers.
Its active online customer base rose by 23 per cent, with retail performing “ahead of expectations” as NGR rose 12 per cent.
Group NGR excluding the US segment rose 14 per cent, with online NGR up 15 per cent. Group EBITDA hit £499m, up six per cent versus the prior-year period.
The company said it expects FY2023 group EBITDA to be between £1bn and £1.05bn, pre-accounting for TAB NZ.
Jette Nygaard-Andersen, CEO of Entain, said the company is making “clear strides towards delivering our strategic ambitions.”
She added: “In particular, we are making excellent progress in broadening our customer base and deepening our audience engagement, as evidenced by the record number of active online customers on our platform.
“BetMGM continues to show momentum and backed by our technology and capabilities we are excited by the improvements we are delivering for customers in the US.”
However,Nygaard-Andersen said that after recent acquisitions including Polish operator STS for £750m and Angstrom Sports, Entain expects to see a “slower pace of activity ahead.”
“While we will always look for strategic M&A opportunities, we remain disciplined and selective, and are focusing capital allocation on investing in our business to integrate our operations, drive operational performance and top line organic growth.”
The results were published in tandem with an update on the investigation into Entain's Turkish-facing business, which was sold six years ago. Entain has set aside £585m as it prepares to settle the bribery probe.
