Entain Posts Q3 Results, Reiterates FY 2025 Guidance

Entain has published its Q3 financial update, highlighting favorable metrics. Thanks to the increasing financials, the company reiterated its FY 2025 guidance.

Entain Experienced Stable Growth

In its report for the three-month period from July 1 to September 30, 2025, Entain recorded a total group net gaming revenue (NGR) increase of 7% on a constant currency (CC) basis when accounting for its 50% share of BetMGM. The group NGR, excluding the US, experienced a 4% increase, while BetMGM’s net revenue increased by 23%. The company’s Q3 online NGR excluding the US increased by 6% on a CC basis.

Entain also commented briefly on the performance of BetMGM, which just published its Q3 report. Entain confirmed that the brand’s Q3 results exceeded its parents’ expectations, with Q3 NGR increasing by 23%. The BetMGM brand raised its guidance for the year, now targeting FY 2025 net revenue of at least $2.75 billion and EBITDA of approximately $200 million.

Speaking of guidance, Entain reiterated its objectives for the year, confirming that it expects approximately 7% Online NGR growth on a constant currency basis and mid-single-digit growth on a reported basis. In the meantime, the company reiterated its expectation for FY 2025 group EBITDA in the range of GBP 1.1 billion to GBP 1.15 billion.

The Group is well placed into Q4 2025 and 2026. Our clear focus on cash generation and ongoing strategic delivery underpins Entain’s confidence in generating over £0.5bn of annual adjusted cash flow from 2028.

Entain statement

The company added that its guidance remains unchanged despite the impact of customer-friendly sports betting results in September.

Entain Is Confident in Its Long-Term Success

Stella David, Entain’s chief executive officer, commented on Entain’s ongoing progress and said that the company’s transformation “continues at pace.” She expressed confidence in Entain’s strategic execution and capability to deliver growth in its portfolio.

Whilst we still have more to do, our Q3 performance is further evidence of the quality of our diverse business and its underlying momentum.

Stella David, CEO, Entain

David added that Entain remains emboldened by BetMGM’s continued success and strong performance. He added that the brand has achieved sustainable profitable growth and will soon begin distributing cash to its parent companies, Entain and MGM Resorts.