H1 outperformance supported by improving operational execution; FY24 guidance upgraded8 Aug 2024 07:09
9.3p div raised 5%
Entain's performance in the first half of 2024 demonstrates our improving underlying growth and the clear progress made against our strategic priorities. As we look to the remainder of 2024, our expectations for the Group's growth pathway remains unchanged, with the stronger than expected Q2 performance driving our upgraded NGR guidance. We now expect FY24 Online NGR growth on a proforma3 basis to be low single digit positive2, with the Group delivering FY24 EBITDA4 in the range of £1,040m to £1,090m. Building on the progress already made, we are confident that continued execution of our strategic priorities of organic growth, margin expansion and winning in the US will deliver value for all our stakeholders.