GVC produced a record 4Q17 on the back of particularly strong sports betting results. Net Gaming Revenue (NGR) for FY17 was over €1bn, +18% YoY and +2.5% ahead of WH NGR forecast of €985m (pre EU-VAT) for FY17E. Furthermore, management expects EBITDA for FY17E will be at the top end of their expectations, WH €276m.
11 Jan 2018
Record Quarter
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Record Quarter
Entain PLC (ENT:LON) | 794 69.9 1.1% | Mkt Cap: 5,072m
- Published:
11 Jan 2018 -
Author:
Michael Campbell -
Pages:
3
GVC produced a record 4Q17 on the back of particularly strong sports betting results. Net Gaming Revenue (NGR) for FY17 was over €1bn, +18% YoY and +2.5% ahead of WH NGR forecast of €985m (pre EU-VAT) for FY17E. Furthermore, management expects EBITDA for FY17E will be at the top end of their expectations, WH €276m.