Entain raises FY24 online growth guidance after Q3 NGR rises 10%
Entain reported that online net gaming revenue rose 10% year on year in Q3 2024, and raised its FY24 forecast for online pro forma NGR growth to mid-single digits on a constant-currency basis. CEO Gavin Isaacs also warned that a potential UK gambling tax increase could harm the wider industry’s economic contribution; no increase had been confirmed in the report.
Investors can weigh Entain’s raised online growth forecast against its warning that a UK tax increase could harm the industry.