Entain Reaffirms FY26 EBITDA Guidance Range After Steady Q3 Trading Update
Entain reiterated FY26 EBITDA guidance of £910m-£960m after Q3 NGR rose 2% constant currency. UK and Ireland grew 14% while Brazil managed 3% online NGR growth amid local challenges. CEE exit stays on track for Q4 completion with UK tax risks noted.
SCCG Take — Core market outperformance offsets Brazil and CEE contraction to hold guidance intact. UK tax trajectory remains the clearest near-term variable for retail sustainability.
Entain has reiterated its Full Year 2026 guidance of between £910 million to £960 million EBITDA (US$1.2bn-US$1.27bn). The update follows consistent Q3 trading through September 30, with group net gaming revenue rising 2 percent on a constant currency basis in continuing operations excluding Entain CEE.
The company described the results as reflecting continuing underlying momentum across its portfolio. UK and Ireland operations led growth with net gaming revenue up 14 percent, ahead of internal forecasts. New Zealand, Spain and Canada each posted double-digit increases.
Q3 Performance by Region
Brazil delivered 3 percent online net gaming revenue growth, driven by 8 percent gaming gains that were partly offset by customer-friendly sports outcomes and persistent local market challenges. Excluding Brazil, Q3 online net gaming revenue rose 5 percent on 7 percent volume growth. Year-to-date online net gaming revenue growth excluding Brazil stood at 8 percent.
Entain also confirmed its phased withdrawal from CEE markets remains on track for full closure by the end of Q4. The Q3 statement highlighted ongoing industry concern over potential rises in UK gambling taxes for both online and retail operations.
Guidance Details and CEO Perspective
The company expects full-year online net gaming revenue growth of 4 percent to 6 percent on a constant currency basis, with underlying EBITDA at the lower end of the guided range. Excluding Brazil, online net gaming revenue growth is projected at the top end of the 5 percent to 7 percent range. Entain CEO Stella David noted the strength of the group’s execution and the resilience of its globally scaled business as well as its ability to consistently deliver high-quality growth.
David added that the underlying momentum across the portfolio supports confidence in the reiterated guidance. The statement urged the UK Government to weigh any further tax increases against threats to shop viability, jobs and livelihoods. This positions Entain to navigate regulatory pressures while maintaining focus on cash generation in its core markets.
Reporting: iGaming Future
Generated by SCCG’s automated editorial system from published source reporting. SCCG Management holds editorial responsibility.
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