Oct 15 (Reuters) – Ladbrokes owner Entain reported a 2% rise in third-quarter net gaming revenue and reiterated its annual forecast on Thursday, as a strong showing in the UK and Ireland offset the impact from weaker performance in Brazil.
Here are some details:
• Brazil banned online gambling last month, piling pressure on an industry already squeezed by high costs and regulatory scrutiny
• Entain, which was already facing a tough environment in Brazil due to increased competition, had warned its 2026 group underlying core profit would be at the lower end of its earlier forecast range of £910 million to £960 million
• The company reported net gaming revenue growth of 2% and online revenue growth of 3% for the three months to September 30
• UK & Ireland net gaming revenue rose 8%, with online sales growth of 14% beating the company’s own expectations
• Entain stuck to the full-year 2026 forecast it provided late last month, and affirmed its target of £500 million ($661.7 million) in annual adjusted cash flow in 2028
($1 = 0.7556 pounds)
(Reporting by Anushka Chourasia in Bengaluru; Editing by Mrigank Dhaniwala)
