Punter-friendly results drive Entain’s Aussie decline
Entain’s global fortunes have continued their positive trajectory, but revenue from the Australian business remains in decline, driven by a run of what it called “customer-friendly sports results”.
Entain’s Australian turnover may have stabilised, but adverse results have led to a 6 per cent decline in revenue in the past quarter compared to the same time last year.
The drop in net gaming revenue is a slight improvement on the first six months of 2025, where Australia’s NGR fell seven per cent on 2024.
The global sports betting and gaming group said that volumes of betting across its Australian business, which includes Ladbrokes and Neds, had stabilised after a broader industry turnover decline over the past two years.
It said that customer-friendly sports results had led to the revenue decline in the three months from July through September.
Entain’s online New Zealand business reported double-digit growth in the first full quarter since a government legislative net gave it a wagering monopoly in the country.
The Australian and New Zealand business has undergone major changes throughout 2025, with Andrew Vouris appointed CEO on a permanent basis in August, replacing Dean Shannon, who departed in June.
It is still awaiting the outcome of an AUSTRAC enforcement action.
Globally, NGR was up 6 per cent across Entain, with net revenue from its BetMGM joint venture in the United States up 23 per cent.
“Entain’s transformation continues at pace, with our strategic execution and expanding bandwidth delivering growth across our portfolio. Whilst we still have more to do, our Q3 performance is further evidence of the quality of our diverse business and its underlying momentum,” Stella David, Entain CEO, commented.
“BetMGM’s continued success and strong year-to-date performance are driven by our strengthened sports product and leading iGaming offering, coupled with refined player engagement. We are delighted that BetMGM is achieving sustainable profitable growth and expects to begin distributing cash to parents later this year.”
“With Entain becoming ever stronger and BetMGM growing profitably, we are increasingly confident in delivering consistent underlying growth and generating more than £0.5bn of annual cash from 2028.”
Click here for the Entain trading report.
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