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Apr 7 2022, 08:00 IST/BST
At the beginning of a challenging year for the sector, Entain’s Q1 trading is consistent with its previously indicated quarterly revenue growth cadence. Net revenues declined by 8% as it lapped another challenging COVID-related comp. In the US, Q1 revenue was not disclosed, but its market share position is unchanged on the previous period. Forward looking commentary is limited and, while there are plenty of headwinds to consider (not least UK regulatory change), we are likely to leave our estimates unchanged for now.