BUILDING
MOMENTUM

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At Entain, we want to provide our customers around the world with the most entertaining experiences, ed by market leading player protection across betting and gaming.

See how we’ve been building momentum

Statements

on track to deliver
Stella David
Interim Chief Executive Officer
Read Stella’s statement
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DELIVER
LONG
TERM
VALUE
Pierre Bouchut
Interim Non-Executive Chair
Read Pierre’s statement
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ORGANIC GROWTH IS BACK
Rob Wood
Chief Financial Officer and Deputy CEO
Read Rob’s statement
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Financial highlights

Group Revenue
£0bn
2023: £4.8bn
+7%
Online Net Gaming Revenue
£0bn
2023: £3.4bn
+9%
BetMGM Net Gaming Revenue1
$0bn
2023: $2.0bn
+7%
Group Underlying EBITDA2
£0m
2023: £1,008m
+8%
Loss after tax from Continuing Operations
£0m
2023: £879m
Loss before Tax from Continuing Operations
£0m
2023: £843m
Profit after Tax from Continuing Operations before Separately Disclosed Items
£0m
2023: £339m
Adjusted Net Debt3
£0bn
3.1x
2023: 3.3bn (3.3x)
Adjusted Diluted EPS4
0p
2023: 44.2p
  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.
  3. Adjusted net debt excludes the DPA settlement. Leverage also excludes any benefit from future BetMGM EBITDA or the payments due to acquire the minority interests in Entain CEE.
  4. Adjusted diluted EPS excludes separately disclosed items and foreign exchange volatility arising on financial instrument.

Brands

We have an unparalleled portfolio of more than 35 iconic brands, tailored to their local markets.

Business model

Entain is a global operator with iconic brands that have podium positions in their markets. Our combination of scale and operational capabilities is a competitive advantage that positions us for success.

Our strategic framework

Our corporate strategy was revised at the end of 2023, refocusing the business to be proud of our core mission: to be a leader in sports betting and gaming. Entain has been working hard during 2024 to execute and deliver our goals: organic revenue growth, margin expansion and market share gains.

Vision

A leading player in the global sports betting and gaming sector

Mission

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

Strategic goals

Organic
Revenue
Growth
Margin Expansion
Market
Share Gains

Key enablers (operational)

Product & Technology

Scalable, innovative platforms with agility across markets

People & Culture

One high performing team empowered by collaboration

Governance

Provide player protection as a responsible and trusted operator

Deliver stakeholder value

2024 Progress

Optimisation of market portfolio to maximise growth and ROI

Delivering commercial and operational excellence in key markets

Built on leading gaming capabilities with enhanced sports product

2024 Progress

Implemented Project Romer to create a more efficient organisation and drive gross cost savings of c£100m

2024 Progress

Capitalise on new product and pricing capabilities, and omnichannel

Delivery of “Single , Single Wallet” functionality in 28 US markets

Enhancement of in-house content and capabilities including by Angstrom in US

Strategy in action

Investment proposition

Entain is a leading consumer-focused business operating in the global betting and gaming industry which enjoys attractive dynamics and structural market growth.

Attractive global dynamics
Operating in large and fast-growing markets
Structural market drivers
High-single-digit % growth across our markets
Diversified scale
Broad portfolio of 35+ iconic brands with leading positions in domestic markets
Highly diversified across geography, product and customer base
100% regulated and regulating markets
Benefits of economies our global scale
Clear strategic execution
Commercial excellence focus to drive continuous improvement in processes
Product enhancement and localisation driving player acquisition and retention
A leading approach to player protection
Disciplined allocation of capital
Deliver improving financial returns
Targeting revenue growth ahead of our markets
Operational leverage s margin expansion
Strong operating cashflow & balance sheet
Progressive dividend policy
Online NGR
+9%
Dividend
+0.8p
BetMGM NGR
+7%

Sustainability strategy

In 2024, we focused on embedding our revised Sustainability Strategy which we launched at the end of 2023, and commenced our preparation for forthcoming changes to important sustainability reporting regulation.

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Be a leader in player protection

We are an industry leader in customer protection, providing innovative features, customer and communications.

sustainability section  1.2mb
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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 privacy and cyber security.

sustainability section  1.2mb
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Create the environment for everyone to do their best work

We are an employer of choice, and we build an inclusive and ive culture where talent from all backgrounds can thrive.

sustainability section  1.2mb
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Positively impact our communities

We play our role in limiting global warming to no more than 1.5°C and we create a positive impact on our communities.

sustainability section  1.2mb
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s

Annual report 2024
8.8mb
Strategic report
5.0mb
Governance report
1.9mb
Remuneration
0.5mb
Financial statements
1.0mb
Front cover of the printed version of the annual report