Full Year 2024 Entain PLC Earnings Call Transcript
Key Points
- Entain PLC (GMVHF) reported a strong set of results for 2024, with net gaming revenue (NGR) up 9% year on year.
- The company achieved a return to organic growth in both NGR and EBITDA, with EBITDA up 12% year on year.
- Entain PLC (GMVHF) has positive momentum in key markets such as the UK, Brazil, and the US, with significant growth in Brazil at 65% in Q4.
- The company has a strong liquidity position with over GBP1 billion of available cash and a leverage ratio better than expected.
- Entain PLC (GMVHF) is on track to deliver market growth in 2025, with a clear path to significant cash flow generation and organic deleveraging from 2026 onwards.
- The company faced challenges in the Netherlands and Belgium due to regulatory changes, leading to market declines.
- Entain PLC (GMVHF) experienced softness in the gaming market and higher colleague bonuses, impacting the organic retail business.
- The company took non-cash impairments related to regulatory updates in the Netherlands, Belgium, Poland, and New Zealand.
- There is a delay in legislative changes in New Zealand, affecting the growth forecast for the market.
- Entain PLC (GMVHF) anticipates continued underperformance in the Netherlands and Belgium into 2025, representing around 5% of group revenue.
Good morning everybody and welcome to Entain's 2024 results presentation. Now I know that neither you or I expected me to be doing this, but anyway, here I am, and the good news is that I am very confident that we are on track, and I'm delighted to be here to give you a strong set of results for 2024 for the group.
I'm going to be joined here by Rob Wood. He's our CFO and our deputy CEO. We've also got members of the IR team in the audience, along with other members of our leadership team.
So to the agenda for today. I'm going to kick off with a brief overview of 2024 performance and the significant progress that we have achieved during the year.
Rob is going to take you through the financials and he's also going to touch on current trading and our outlook. Then it's going to be back to me for more detail about what we have been doing to achieve our strategic goals. And why our business is well set to deliver high quality and sustainable growth in the future and also capture new exciting
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
