Entain has published its Q3 2025 financial report, revealing a 6% increase in net gaming revenue.
The company stated that results for the quarter exceeded expectations and reaffirmed its full-year 2025 guidance, projecting an overall 7% annual revenue increase.
So far this year, Entain’s NGR growth stands at 7% year-to-date (3% excluding US operations), driven entirely by its online division, which rose 9%, while retail performance remained stable.
For Q3 specifically, online operations continued to lead growth, posting an 8% NGR rise year-on-year, while retail climbed 2%. Excluding US operations, online and retail revenues were up 5% and 3%, respectively.
Regionally, UK and Ireland revenues advanced by 8% overall, supported by 15% growth online and 2% in retail, both in line with company expectations. Internationally, Entain’s overall NGR showed 6% retail growth and 1% online, with mixed performance across markets – revenue declined in Brazil (-11%) and Australia (-6%), while Italy grew by 6% and countries such as Spain, Canada, Austria, Greece, and Georgia reported double-digit increases.
Stella David, Entain CEO, mentioned:
Entain’s transformation continues at pace, with our strategic execution and expanding bandwidth delivering growth across our portfolio. Whilst we still have more to do, our Q3 performance is further evidence of the quality of our diverse business and its underlying momentum.Â
BetMGM’s continued success and strong year to date performance is driven by our strengthened sports product and leading iGaming offering, coupled with refined player engagement. We are delighted that BetMGM is achieving sustainable profitable growth and expects to begin distributing cash to parents later this year. With Entain becoming ever stronger and BetMGM growing profitably, we are increasingly confident in delivering consistent underlying growth and generating more than £0.5bn of annual cash from 2028.
