May 9 2025
Gaming
Recent Research
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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...
Entain
FY24 results: key takeaways from the call
Entain issued FY24 results this morning. Growth rates improved as it progressed through the year with a good Q4, helped by favourable results. It noted that 2025 has started strongly...
Flutter Entertainment plc
2025 guidance confirms another strong year of growth and cash returns
2024 was another positive year for Flutter, with the group delivering 19% revenue growth and 26% aEBITDA growth. Given the FY24 headline numbers had been mostly pre-released, all eyes...
DraftKings
2025 guidance points to strong year of growth
As had been flagged by peers, the final quarter of the year saw customer-friendly results impact revenue and EBITDA. EBITDA in the quarter was down $62m year-on-year (yoy) to...
Entain
CEO departure
Entain has announced that its relatively newly appointed CEO Gavin Isaacs (commenced September 2024) will step down with immediate effect, with Stella David again assuming the role of...
Entain
BetMGM: FY25 revenue guide underwhelms
BetMGM updated on FY24 today, delivering 7% revenue growth for the full year to $2.1bn and an EBITDA loss of $244m, in line with guidance. Performance was negatively impacted in...
Entain
BetMGM guide reiterated
Entain released a brief RNS this morning reiterating its 2024 guidance. For BetMGM, it re-confirmed its expectations of losses being at similar levels in H2 as H1 despite customer friendly...
