Entain reports steady growth as volumes offset weaker margins

Entain reported first-quarter net gaming revenue growth of 3% for the three months to March, in line with expectations, supported by an 8% rise in betting volumes. The result was mixed overall as higher volumes were offset by weaker sports margins. The update points to steady underlying trading rather than a material earnings surprise.

Analysis

Entain reported first-quarter net gaming revenue growth of 3% for the three months to March, in line with expectations, supported by an 8% rise in betting volumes. The result was mixed overall as higher volumes were offset by weaker sports margins. The update points to steady underlying trading rather than a material earnings surprise.