Online gambling operator Entain PLC released its latest quarterly financial report revealing that net gambling revenue increased by 2% in the third quarter of 2022 in line with full year earnings and revenue forecasts for 2022.
Entain Reports Positive Q3 Revenue Growth Entain Reports Positive Q3 Revenue GrowthSpeaking of the results, Jette Nygaard-Andersen, Entain’s CEO, commented:
Entain Reports Positive Q3 Revenue Growth (€20.2 million) issued by the UK Gambling Commission during the same period. An investigation uncovered social responsibility and anti-money laundering failures at its online and land-based businesses.“Our business continues to perform well with good underlying momentum across the group, including in BetMGM. This illustrates the effectiveness of our growth strategy, the unique capabilities of the Entain platform, and the underlying strength of our diversified global business.
I am delighted that we have welcomed even more customers to our brands across the world. This is a testament to our relentless focus on the customer, as well as the quality of our products, content and talented people.
Entain Reports Positive Q3 Revenue GrowthWe have healthy momentum across the business and look forward to a strong finish to the year which includes the World Cup. Looking ahead, we remain vigilant of the economic backdrop. However, our diversified revenue base and robust business model enable us to remain confident in our ability to deliver on our growth and sustainability strategy.”
