Entain plc (ENT) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone and thank you for joining the Entane 2026 Q1 Trading Update. My name is Lucy and I'll be coordinating your call today. During the presentation, you can register a question by pressing star followed by 1 on your telephone keypad. If you change your mind, please press star followed by 2 to remove yourself from the question queue. It is now my pleasure to hand over to Stella David, CEO, to begin. Please go ahead. Thank you and good morning everyone and welcome to today's Q1 results call. I am delighted to be speaking to you again and sharing another strong set of Entain results. I'm also very pleased to be joined by Mike Snape for his first Entain update. So welcome, Mike, and it's great to have you on board. This morning's call will broadly follow our usual format. I will begin with an overview of the quarter. Then Mike will take this opportunity to share some initial reflections before he runs through the Q1 trading performance. And then we will finish with your questions. So let's get started. Entane continues its positive trajectory. Our diverse and globally scaled portfolio of podium positions is a powerful engine which is proving it can deliver consistent and sustainable growth. We maintain a relentless focus in executing against our strategic priorities. Which saw us exit last year with strong momentum and this has continued so far this year. I'm also very proud of the leadership team we have in place. who are focused on increasing both our pace and our capacity, enabling us not only to do more, but also continue to improve our delivery. Now turning to Q1. The grid delivered results in line with expectations. Net gaming revenue was up 3%, within which online was up a healthy 5%. Importantly, Q1 being in line was despite most markets experiencing pa...