Global gambling giant, Entain, has this week released its interim results for the first half of 2025, covering the period up to June 30. The company reported year-on-year revenue growth of 7%, reaching £2.63 billion.
A significant share of this growth came from BetMGM’s online betting and gaming operations in the United States, which Entain owns jointly with MGM Resorts International. The company credited its strong performance to a diverse portfolio of well-known brands and a strategy focused on expanding in competitive, high-potential markets. Leadership expressed confidence that this momentum will allow Entain to deliver sustainable growth and generate more than £500 million in cash annually over the medium term.
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Underlying EBITDA for the period came in at £583.4 million, an 11% increase from last year, driven largely by double-digit growth in the UK and Ireland. Including Entain’s share of BetMGM, group EBITDA surged 32% to £625.5 million. The company credited the performance to its diverse brand portfolio, a revitalized UK business, a successful Day One launch in Brazil’s regulated market, and ongoing momentum in the U.S., where BetMGM continues to post strong and profitable growth.
Despite the operational strength, Entain’s reported loss deepened from £5.6 million in H1 2024 to £116.9 million this year. Key factors included £131 million in amortization costs on acquired intangibles, a £47.7 million provision linked to AUSTRAC proceedings in Australia, £35.1 million in restructuring costs, and £87 million in foreign exchange losses compared to a £90.4 million gain in the same period last year.
High Hopes for the Future
CEO Stella David said the company’s performance reinforces its confidence in achieving sustainable underlying growth and generating over £500 million in annual cash flow in the medium term. She noted that Entain is becoming “stronger, fitter, and faster” and is well-positioned to capitalize on future opportunities.
David emphasized that the transformation strategy is gathering pace, backed by a high-quality portfolio of iconic brands. She highlighted progress in rebuilding momentum in the UK, successfully launching in Brazil’s regulated market, and driving profitable growth for BetMGM in the U.S. She reaffirmed Entain’s commitment to expanding margins, growing market share, and delivering safe, high-quality customer experiences, stating that these foundations would help the company “return to its winning ways.”
