Entain released its first-half results, with online growth in key markets and improved UK retail results, the company said. A discussion of the results said the group’s tax burden continues to rise, but gave no figures for the tax increase.
Operators and investors are assessing Entain’s results alongside the reported increase in its tax burden.
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Entain reported a 6% year-on-year drop in Italian net gaming revenue for July to September 2026. Gaming volumes rose 9%, while football results favourable to bettors reduced the sports betting margin by 3.1 percentage points. Online revenue fell 5% and retail revenue fell 8%.
BetMGM reported third-quarter net revenue of $710 million, up 7% year on year, and adjusted EBITDA of $86 million, up 112%, according to the company update. It reaffirmed full-year 2026 guidance of $2.9 billion to $3.1 billion in net revenue and $300 million to $350 million in adjusted EBITDA. The update also reported a 3% decline in monthly active customers to 878,000.
Entain’s Spanish operation recorded 28% growth in online net gaming revenue at constant currency in the first half of 2026, according to the company. Growth at reported exchange rates was 33% year on year, which the company linked mainly to higher betting volumes and user engagement during the FIFA World Cup.
Entain reported first-half net gaming revenue of £2.55 billion, up 7% for the six months to the end of June, as underlying EBITDA fell 2% to £479.3 million. The company said World Cup engagement helped offset higher UK gambling taxes, and it reiterated full-year guidance for online revenue growth of 5% to 7%.
BetMGM no longer expects to reach its $500m annual EBITDA target next year. The MGM Resorts and Entain joint venture reported mixed results.