Following the trading update in July, the focus was on Entain’s profitability, which was softer than estimates and hurt largely by the increasing losses in the US – reflecting quicker execution. The guidance to resume dividends with the FY21 results and a cost savings programme with potential savings of £100m by FY23 were key positives.
FY21 EBITDA guidance of £850-900m was re-iterated. We will upgrade our mid-to-long term estimates to factor in the expansion into newer markets and the impact o ....
13 Aug 2021
US losses hurt H1 21 earnings; positive CMD takeaways
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US losses hurt H1 21 earnings; positive CMD takeaways
Entain PLC (ENT:LON) | 854 -59.7 (-0.8%) | Mkt Cap: 5,454m
- Published:
13 Aug 2021 -
Author:
Virendra Chauhan -
Pages:
4
Following the trading update in July, the focus was on Entain’s profitability, which was softer than estimates and hurt largely by the increasing losses in the US – reflecting quicker execution. The guidance to resume dividends with the FY21 results and a cost savings programme with potential savings of £100m by FY23 were key positives.
FY21 EBITDA guidance of £850-900m was re-iterated. We will upgrade our mid-to-long term estimates to factor in the expansion into newer markets and the impact o ....