Earnings release
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8 July 2021 Entain plc ( " Entain " or the " Group " ) Strong first half performance across the Group driving EBITDA upgrade Entain plc ( LSE : ENT ) , the global sports - betting and gaming entertainment group , today reports a first half trading update for the period from 1 January to 30 June 2021 ( " H1 ” ) . Financial highlights ● Strong performance across the Group with positive trends as markets continue to re - open Total Group net gaming revenue ( “ NGR ” ) up 11 % ( 11 % cc¹ ) in H1 and up 42 % ( + 43 % cc¹ ) in Q2 Delivered twenty - two consecutive quarters of double - digit growth in Online with NGR up 22 % ( + 23 % cc¹ ) in Q2 driven by sports betting , reflecting limited sports activity in the prior year O Excluding Germany Q2 Online NGR up 32 % O Encouraging early trends in retail as restrictions eased in phases during Q2 BetMGM ( the Group's joint venture in the US with MGM Resorts ) continues to perform strongly O Number two operator for sports betting and iGaming across the US with 21 % ² , ³ market share O Leading iGaming operator with 29 % 2,3 market share First half NGR of approximately $ 350m FY21 EBITDA now expected to be in the range of £ 850m to £ 900m , ahead of current O consensus Investor event to be held on 12 August 2021 to provide a strategic and operational update Jette Nygaard - Andersen , Entain's CEO , commented : " We have delivered another strong performance across the Group . Our diversified business model has enabled us to grow our business in all key markets while navigating channel and product mix changes as retail re - opens and we annualise last year's restricted sports calendar . Outside Germany where the market is digesting regulatory changes , we saw excellent growth across all our major markets . Our recent acquisitions , Bet.pt in Portugal and Enlabs in the Baltics , have performed ahead of expectations , and BetMGM continues to grow market share in the US , now at 24 % ² , 3 across our active markets . We have a powerful platform at Entain that enables us to deliver consistent growth from our existing markets , whilst also entering new markets , all powered by our industry leading technology capabilities , business intelligence and analytics . Our platform provides us with a significant opportunity to align our business better with our customers and increasingly deliver a wider breadth of exciting products , content and experiences as the worlds of media , entertainment and gaming converge . Following our strong first half , we are upgrading our expectations for the full year and we remain confident and excited by the breadth and scale of the long - term sustainable growth opportunities ahead of us . " 1