Entain's full-year net gaming revenue (NGR), excluding its 50 per cent share of BetMGM, rose seven per cent in 2024.
The Ladbrokes and Coral owner reported full-year revenues of £5.16bn, up from £4.83bn.
Gross profit ex-US climbed seven per cent to £3.12bn and underlying EBITDA rose eight per cent to £1.088bn from £1bn.
Online EBITDA rose 11 per cent to £941m while retail EBITDA fell 11 per cent to £261m.
Gross profit after tax climbed 11.9 per cent from £339.1m to £379.5m.
NGR in the UK and Ireland was flat, but Entain noted the division went from a contraction of seven per cent in Q1 2024 to growth of 13 per cent in Q4. International NGR climbed six per cent.
Entain’s Central and Eastern Europe segment, which includes Polish operator STS, posted an NGR jump of 62 per cent.
Total group NGR, including the 50 per cent share in BetMGM, was up six per cent.
For Q4, Entain’s ex-US total NGR rose eight per cent, with online NGR up nine per cent and retail up six per cent.
Total NGR including BetMGM for Q4 was up six per cent.
Entain did not provide an update on its search for a new CEO after the departure of Gavin Isaacs in February.
Interim chief executive Stella David said: “2024 has been a year of transformation for Entain. I am delighted to see that our strategic and operational improvements are translating into strong performance; clear evidence that our strategy is delivering. I want to thank all my colleagues for their tremendous hard work and resilience.
“Entain has a high-quality portfolio of iconic brands with podium positions in attractive markets. Our return to organic growth is the beginning of our rebuild journey; our momentum continues, and we have started the year strongly. I am incredibly proud of our achievements so far and look forward to our opportunities ahead."
