01/20/2022 | Press release | Distributed by Public on 01/20/2022 01:06
20 January 2022
Entain plc
("Entain" or the "Group")
Strong 2021 performance evidences Entain's high growth dynamics
FY21 EBITDA expected to be in the range of £875m - £885m, ahead of previous expectations
Entain plc (LSE: ENT), the global sports-betting and gaming entertainment group, today reports trading for the period from 1 October to 31 December 2021 ("Q4"), as well as for the financial year to 31 December 2021 ("FY21").
Financial Highlights
Operational highlights
Jette Nygaard-Andersen, Entain's CEO, commented:
"2021 has been a successful and eventful period for Entain, and our market-leading platform has driven another year of strong, sustainable and diversified growth. All of our major markets have performed well. BetMGM, our hugely exciting business in the US, has been a particular highlight with FY21 net gaming revenue ahead of expectations and an upgraded outlook for 2022.
We have also made significant operational progress and have continued to provide our customers with even better content, experiences and excitement as the worlds of media, entertainment, technology and gaming converge.
As ever, our sustainability efforts have been at the core of everything that we do. We have continued to lead the way in the critically important area of player protection, and our technology-based Advanced Responsibility and Care programme is progressing well.
We continue to see significant growth opportunities ahead of us, with a total addressable market of around $160bn across our new and existing markets, as well as in emerging areas of interactive entertainment. We believe these opportunities will enable us to at least treble the size of our business. As a result, we remain confident in our prospects for the year ahead and beyond."
Q4: 1 October to 31 December 2021 |
||||||
Total NGR |
Total NGR cc1 |
2yr CAGR |
Sports Wagers |
Sport Wagers cc1 |
Sports Margin |
|
Online |
||||||
Sports |
(14%) |
(12%) |
17% |
(1%) |
2% |
(1.7pp) |
Gaming |
(4%) |
(2%) |
11% |
|||
Total Online |
(9%) |
(6%) |
14% |
|||
Retail4 |
60% |
62% |
(4%) |
75% |
77% |
(4.4pp) |
Total Group |
4% |
6% |
6% |
|||
Full Year: 1 January to 31 December 2021 |
||||||
Total NGR |
Total NGR cc1 |
2yr CAGR |
Sports Wagers |
Sport Wagers cc1 |
Sports Margin |
|
Online |
||||||
Sports |
21% |
22% |
22% |
20% |
21% |
+0.0pp |
Gaming |
4% |
6% |
16% |
|||
Total Online |
12% |
13% |
19% |
|||
Retail4 |
(3%) |
(3%) |
(21%) |
(10%) |
(9%) |
(1.3pp) |
Total Group |
7% |
8% |
3% |
|||
Total Group inc BetMGM2,8 share |
14% |
15% |
7% |
|||
Notes
Enquiries:
Investor Relations - Entain plc |
[email protected] |
Media - Entain plc |
|
Media - Powerscourt |
Tel: +44 (0) 20 7250 1446 |
Q4 Conference Call & Webcast
An analyst call will be held today, Thursday 20th January 2022 at 9:00am UK (10:00am BST).
Participants may join via webcast or by conference call dial in, approximately 10 minutes before the start of the call.
Live audio webcast link: https://brrmedia.news/ENT_Q4
To participate in the Q&A, please also connect via the conference call dial in details.
UK: +44 (0)33 0336 9601
US: +1 646 828 8073
Access Code: 4458668
A replay and call transcript will be available on our website: https://entaingroup.com/investor-relations/results-centre/
Upcoming dates:
FY21 Results: 3 March 2022
Q1 Trading Update: 7 April 2022
BetMGM CMD: May 2022
Forward-looking statements
This document contains certain statements that are forward-looking statements. They appear in a number of places throughout this document and include statements regarding our intentions, beliefs or current expectations and those of our officers, directors and employees concerning, amongst other things, results of our operations, financial condition, liquidity, prospects, growth, strategies and the business we operate. These forward-looking statements include all matters that are not historical facts. By their nature, these statements involve risks and uncertainties since future events and circumstances can cause results and developments to differ materially from those anticipated. Any such forward-looking statements reflect knowledge and information available at the date of preparation of this document. Other than in accordance with its legal or regulatory obligations (including under the Market Abuse Regulation (596/2014), the Listing Rules, the Disclosure Guidance and Transparency Rules and the Prospectus Rules), the Company undertakes no obligation to update or revise any such forward-looking statements. Nothing in this document should be construed as a profit forecast. The Company and its directors accept no liability to third parties in respect of this document save as would arise under English law.
About Entain plc
Entain plc (LSE: ENT) is a FTSE100 company and is one of the world's largest sports-betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports Brands include bwin, Bet.pt, Coral, Crystalbet, Eurobet, Ladbrokes, Neds and Sportingbet; Gaming Brands include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, Ninja Casino, Optibet, partypoker and PartyCasino. The Group owns proprietary technology across all its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis.
The Group has a joint-venture with MGM Resorts International creating a leader, BetMGM, in sports-betting and iGaming in the US. Entain provides the technology which powers BetMGM and exclusive games and products, specially developed at its in-house gaming studios. The Group is tax resident in the UK with licenses in a total of 27 regulated markets. Entain is a leader in ESG, a member of FTSE4Good, the DJSI and is AA rated by MSCI. The Group has set a science-based target, committing to be carbon net zero by 2035 and through the Entain Foundation supports a variety of initiatives, focusing on safer gambling, grassroots sport, diversity in technology and community projects.
For more information see the Group's website: www.entaingroup.com
LEI: 213800GNI3K45LQR8L28