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    GVC   IM00B5VQMV65

ENTAIN PLC

(GVC)
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Delayed Quote. Delayed London Stock Exchange - 01/24 11:39:45 am
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Entain : gaming revenue grows against lockdown boom

10/12/2021 | 03:21am EST

Net gaming revenue grew four per cent at sports betting group Entain in its third quarter, marking growth despite the explosion of gaming last year.

Online gaming revenue jumped 10 per cent in the three months to 30 September, against a period of high growth in 2020 when global lockdowns amid the pandemic spurred a gaming boom.

Though in the UK alone, retail net gaming revenue lifted just one per cent on a constant currency basis, “with UK volumes recovering toward pre-Covid-19 levels”, Entain said in its latest trading update.

The group added that it had been successful in “steadily” rebuilding activity across Europe.

Entain forecast its earnings before interest, taxes, depreciation, and amortisation (EBITDA) to be in line with previous guidance of £850m to £900m.

“These results demonstrate Entain’s continuing ability to deliver sustainable, consistent and diversified growth,” CEO Jette Nygaard-Andersen said.

“As we announced on 12 August, our total addressable market is expected to more than triple to over $160bn

“This will be driven by the significant opportunity in the US, where we are now challenging for the number one market position, our growth plans in other new and existing markets, and our strategy of entering into new areas of interactive entertainment.”

The post Entain gaming revenue grows against lockdown boom appeared first on CityAM.

© City AM, source Newspaper

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Analyst Recommendations on ENTAIN PLC
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Financials
Sales 2021 3 845 M 5 181 M 5 181 M
Net income 2021 241 M 325 M 325 M
Net Debt 2021 2 075 M 2 795 M 2 795 M
P/E ratio 2021 38,2x
Yield 2021 1,40%
Capitalization 9 062 M 12 195 M 12 211 M
EV / Sales 2021 2,90x
EV / Sales 2022 2,50x
Nbr of Employees 18 918
Free-Float 97,5%
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Technical analysis trends ENTAIN PLC
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 19
Last Close Price 1 545,00 GBX
Average target price 2 416,75 GBX
Spread / Average Target 56,4%
EPS Revisions
Managers and Directors
Jette Nygaard-Andersen Chief Executive Officer & Director
Robert Matthew Wood CFO, Director & Deputy Chief Executive Officer
John Michael Barry Gibson Non-Executive Chairman
Sandeep Tiku Chief Technology Officer
Peter A. Isola Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
ENTAIN PLC-8.20%12 195
EVOLUTION AB-3.27%29 001
FLUTTER ENTERTAINMENT PLC-10.33%26 006
GALAXY ENTERTAINMENT GROUP LIMITED13.74%25 884
SANDS CHINA LTD.18.12%22 608
ARISTOCRAT LEISURE LIMITED-4.75%20 070