Q3 Highlights
- Total Group (including US) Net Gaming Revenue (“NGR”) +7% Up (+10% cc)
GROUP NGR (excluding U.S.) up +7% (+9% cc), -5% proforma - ONLINE NGR +9% (+11%cc), -6% PROFOM INCREASE AS UPDATE EXPECTED
Excluding known regulatory impact, online NGR up +17%, flat proforma
September Customer-Friendly Sports Results Impact 2-3 ppt
Continuous growth for active customers, +26% YoY (+10% propa) - Robust performance from Retail6 with 4% (+4% cc) increase in NGR, -4% proforma
- BetMGM is up about 15% year-on-year CONTINUES STRENGTH AT Q3 NGR OF ABOUT $458 MILLION
Operating (excluding New York) on sports betting and online gaming at 18% market share
Continued strength in iGaming with 26% market share
A Successful Start To NFL Season As Online Sports Betting Customers Improve Customer Experience With Significant Investments
FY 2023 NGR WILL BE ON TRACK AT THE TOP OF GUIDANCE OF $1.8 BILLION TO $2 BILLION AND BE EBITDA PLUS FOR HALF OF 2023 - Delivering continuous leadership and progress through the sustainability charter
Accelerate operational strategies 파친코
Over the past three years, Entain has undergone an important strategic transition to optimally position the group, improve the quality of revenue, strengthen operations, and restructure to leverage future growth opportunities and deliver shareholder value.
In today’s presentation, management will outline key initiatives to accelerate the following groups’ operational strategies:
- Focus on market portfolios optimized for organic growth and ROI
Prioritizing high-growth, high-yield markets, including U.S., Brazil CEE and New Zealand
Boosting profitable growth in key markets including UK, Australia, Italy, Germany and Baltic
End of small non-core operations - Return to organic growth at least in line with our market (c.7% CAGR) from 2025
- Increase U.S. market share by 20% to 25% by investing in product and pricing capabilities, securing customers, and maximizing omnichannel opportunities
- PROJECT ROMER PROVIDED TO SUPPORT ONLINE EBITDA MARGIN EXPANSION AT 28% BY 2026 AND 30% BY 2028
Simplify your organization to increase operational leverage and increase cost-effectiveness
Total cost savings of 100 million by 2025 (net cost savings of 70 million) - Improved governance:
Plans to appoint 4 new non-executive directors, including Amanda Brown appointment, effective November 8, 2023
Composition of non-executive director capital allocation committee