Gaming

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Entain

Solid H1 with small upgrade to FY25

Performance in H1 overall was robust with solid growth in Q2 despite the difficult comparator. It has guided to an increase in its expectations for underlying revenue growth in the...

Flutter Entertainment plc

More proof of the growth paradigm

Flutter has delivered a very strong Q2. The combination of excellent growth in the US, the benefit of acquisitions and organic growth in the International business provides further...

DraftKings

Good Q2 and guidance infer attractive growth

DraftKings released its Q2 results with a solid underlying performance in iCasino (+23%) and strong growth (+45%) in sports, helped by operator-friendly results. Revenue was +37% ...

Flutter Entertainment plc

Attractive transaction to acquire 5% of FanDuel

Flutter Entertainment has announced that it will buy the 5% of FanDuel owned by Boyd for a cash consideration of $1.755bn ($1.55bn for the acquisition of the stake). It has acquired...

Flutter Entertainment plc

‘Snai nergies’ – assessing the potential

The US has rightly been the new shiny toy for online gambling operators. However, Italy, Europe’s biggest regulated gambling market, has been delivering strong growth. Having acquired an...

Entain

BetMGM – expects at least $100m EBITDA

BetMGM has this morning upgraded its FY25 revenue guidance by at least 6% and now expects to generate aEBITDA of at least $100m. The statement notes that the growth is coming from...

DraftKings

DraftKings - Underlying trends reassure

Draftkings (DK) Q1 results indicated a good underlying performance in sports, with softer iCasino trends. As widely anticipated, sports results impacted the quarter. FY25 revenue has...

Flutter Entertainment plc

Q1 underlying trends in line, positive tone

Flutter reported another quarter of good growth despite the headwind from US sports results in March. Group Q1 revenue and EBITDA were broadly in line with our expectations. It has...

Entain

Q1 growth improves

Entain updated on Q1 trading this morning. The Online division delivered strong growth of 10%, helped by a particularly strong performance from the UK&I division (+23% in online). On...

Entain

BetMGM – reassuring quarter

BetMGM delivered a reassuring Q1 update today with revenue growth of 34% and positive EBITDA. On outlook, it has not changed its full year guidance at revenue (range $2.4-2.5bn) or its...