Entain plc (ENT) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you, and good morning, everyone, and a very warm welcome to today's call. I am delighted to be here, not only to share a strong set of results, but also to speak to you today as Entain's permanent CEO. It is a huge honour to lead this incredible business at such an important and exciting time on our journey. I am joined today by Rob Wood, our CFO and Deputy CEO, and our Investor Relations team, and we're looking forward to taking you through today's update. So here's the plan for this morning. I'll start with the headlines and some highlights on the operational progress we are delivering. Rob will then dig into the trading performance and the outlook, and then we're going to open it up for your questions. But before we get into Q1, I want to take a moment to briefly reflect on where Entain is today. We are a business with great potential. We have been honest about the challenges and we have faced into the brutal truths. And importantly, we have acted. And now we are starting to see real results. A return to growth, stronger momentum, and a business that's getting sharper, faster, and fitter every day. Entain is already a global player, but there is so much more potential. With iconic brands, a growing footprint across regulated markets, and a strategy that is delivering, the opportunity ahead of us is significant. And we will deliver on our potential by elevating and accelerating our performance with focus and teamwork every single day, committing ourselves to deliver improvements. So let's dive into Q1. Ensign has had a strong start to 2025 with results ahead of expectations and momentum building across the business. Beyond the benefits of favourable sports margins, what really matters is that our improved operational execution is making a real impact and sett...