Entain registered Q3 21 top-line growth of 6%, driven largely by online (10%). In the all-important US market, BetMGM surged ahead with a further expansion in market share of (23% in three months to August vs 22% in Q2 21).
FY21 EBITDA guidance of £850-900m was re-iterated, a positive given the recently announced headwinds from Dutch regulations.
We do not expect any significant change to our estimates, given that the performance was largely in line with our estimates.
12 Oct 2021
Q3 21: expected German headwinds; BetMGM powers ahead
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Q3 21: expected German headwinds; BetMGM powers ahead
Entain PLC (ENT:LON) | 796 98.7 1.6% | Mkt Cap: 5,083m
- Published:
12 Oct 2021 -
Author:
Virendra Chauhan -
Pages:
3
Entain registered Q3 21 top-line growth of 6%, driven largely by online (10%). In the all-important US market, BetMGM surged ahead with a further expansion in market share of (23% in three months to August vs 22% in Q2 21).
FY21 EBITDA guidance of £850-900m was re-iterated, a positive given the recently announced headwinds from Dutch regulations.
We do not expect any significant change to our estimates, given that the performance was largely in line with our estimates.