Mar 6 2025
Gaming
Recent Research
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Entain
FY24 results: key takeaways from the call
Entain issued FY24 results this morning. Growth rates improved as it progressed through the year with a good Q4, helped by favourable results. It noted that 2025 has started strongly...
Flutter Entertainment plc
2025 guidance confirms another strong year of growth and cash returns
2024 was another positive year for Flutter, with the group delivering 19% revenue growth and 26% aEBITDA growth. Given the FY24 headline numbers had been mostly pre-released, all eyes...
DraftKings
2025 guidance points to strong year of growth
As had been flagged by peers, the final quarter of the year saw customer-friendly results impact revenue and EBITDA. EBITDA in the quarter was down $62m year-on-year (yoy) to...
Entain
CEO departure
Entain has announced that its relatively newly appointed CEO Gavin Isaacs (commenced September 2024) will step down with immediate effect, with Stella David again assuming the role of...
Entain
BetMGM: FY25 revenue guide underwhelms
BetMGM updated on FY24 today, delivering 7% revenue growth for the full year to $2.1bn and an EBITDA loss of $244m, in line with guidance. Performance was negatively impacted in...
Entain
BetMGM guide reiterated
Entain released a brief RNS this morning reiterating its 2024 guidance. For BetMGM, it re-confirmed its expectations of losses being at similar levels in H2 as H1 despite customer friendly...
Flutter Entertainment plc
US sports results impact FY24
Flutter Entertainment has released an update highlighting that very adverse sports results in November and December impacted revenue by $390m and aEBITDA by $260m. Post mitigation,...
Flutter Entertainment plc
Growth underpinned by scale effects
Flutter Entertainment is proving out the competitive advantages of being the scale global B2C operator. In a sector where scale is key, its podium positions in several of the world’s...
Entain
Civil proceedings taken for AML and CTF issues in Australia
Entain (ENT) has released a statement relating to the Australian Transaction Reports and Analysis Centre (AUSTRAC) confirming that it has commenced civil penalty proceedings in the...
Flutter Entertainment plc
Excellent quarter – hitting all its straps
Flutter has produced another exceptional quarter with group revenue up 27% and aEBITDA +74% year-on-year (yoy), representing a good beat to our aEBITDA forecast. The US...
