Entain generates £5.2 billion in fiscal year 2024, up 7% year-over-year

International sports betting and online gambling company Entain Plc has reported net gaming revenue of £5.2 billion (US$6.71 billion)1 GBP = 1.2912 USD
2025-03-07Powered by CMG CurrenShift in fiscal year 2024, a 7% increase from the previous year.

The increase for Entain also led to a reported gross profit of £3.1 billion (US$4.00 billion)1 GBP = 1.2912 USD
2025-03-07Powered by CMG CurrenShift, up 7% compared to the 2023 financial year. This was supported by stronger-than-expected fourth-quarter net gaming revenue, which increased by 13%, driven by operator-friendly sports margins.

Entain also saw a 10% increase in international net gaming revenue for the year, mainly driven by excellent revenue growth in Brazil. The 2024 net gaming revenue in the Brazilian market was up by 41%, with an increase of 42% in active customers. Net gaming revenue for Australia grew by 1%, and Italy saw a 3% increase.

Entain also notes that net revenue for online platform BetMGM reached US$2.1 billion during the 2024 full-year, a 7% increase year-over-year.

“2024 has been a year of transformation for Entain. I am delighted to see that our strategic and operational improvements are translating into strong performance; clear evidence that our strategy is delivering,” Stella David, interim CEO of Entain, said in a statement. “I want to thank all my colleagues for their tremendous hard work and resilience. Entain has a high quality portfolio of iconic brands with podium positions in attractive markets. Our return to organic growth is the beginning of our rebuild journey; our momentum continues, and we have started the year strongly. I am incredibly proud of our achievements so far and look forward to our opportunities ahead.”