Transforming our game

At Entain, we’re on a mission to provide our customers around the world with the most entertaining experiences, supported by market leading player protection across betting & gaming.

Key statements

We must better leverage the benefits of our scale whilst being agile to fine tune our offering to customers and to respond to changing markets.

J M Barry Gibson

Chairman

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Aligned with our strategy, 2023 saw delivery of growth coupled with sustainability, ensuring more diversified, sustainable and ultimately higher quality earnings.”

Stella David

Interim Chief Executive Officer

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2023 was another year of strong financial, operational and strategic progress for the Group.”

Rob Wood

Chief Financial Officer

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Financial Highlights

Group Revenue

£0bn

+11%
2022: £4.3bn

Online Net Gaming Revenue

£0bn

+12%
2022: £3.1bn

BetMGM Net Gaming Revenue¹

£0bn

+36%
2022: $1.4bn

Group Underlying EBITDA²

£1,008m

+1%
2022: $993.0m

Loss after Tax from Continuing Operations

£879m

2022: profit of £33m

Adjusted Net Debt

£3.3bn

3.3x (3.1x proforma)
2022: £2.8bn (2.8x)

Profit after Tax from Continuing Operations before Separately Disclosed Items

£339m

2022: £224m

Adjusted Diluted EPS

44.2p

2022: 60.5p

1. Represents NGR from 100% of BetMGM.
2. Underlying EBITDA is earnings before interest, tax, depreciation and amortisation, share based payments and share of JV income. EBITDA is stated pre-separately disclosed items.

Timeline of transformation

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Strategy

Purpose

To deliver the most entertaining customer experience supported by market leading player protection

Vision

A leading player in the global sports betting & gaming sector

Targets

Organic growth

Grow presence in existing markets, synergistic adjacencies

Margin expansion

Drive margin expansion through scale and operational leverage

US market growth

Empower profitable growth and share gains in the US

Enablers

People and culture

Product and technology

Governance

Outcome

Superior Shareholder Value

Our DNA

Sports betting and gaming courses through our DNA. It’s the purple thread that steers our evolution, guides our people and shapes our purpose.

Shaping the game: Our products and technology

Beyond the game: customer experiences

Championing the game: Advertising

ESG Highlights

Be a leader in player protection

We provide industry leading customer protection through innovative features, customer support, communications and our culture.

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Provide a secure and trusted platform

We lead on integrity in everything that we do. From having the highest ethical standards, to only operating in regulated markets, with an aim of gold standard data protection, and cybersecurity.

Learn more