Entain plc (ENT) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody, and welcome to Entane's 2025 half-year results presentation. I'm delighted to be here to give you a strong set of numbers. And this morning, I'm joined on the stage by Rob Wood, our CFO and Deputy CEO, and also Sati Benz, who is our Chief Product and Technology Officer. So, if I go to the agenda, I'm going to start off by sharing with you some of the highlights of the strong progress that we have made in the first half of this year. Then Rob is going to dig into the financials, looking both at trading and the outlook. Then it's going to be back to me to look at achievements against our strategic priorities and how far we have come on our journey of transformation. And a key part of transformation is technology, which is why Sati is here today. And he's going to talk about where we are on our tech journey what we've achieved so far, and importantly, what our thinking and planning is for the future. And then finally, I will briefly wrap up before I'm going to open up to your questions. So, now to our headline results. And as I said at the beginning, I'm very pleased with our H1 performance. Year-on-year growth was a little ahead of expectations, which is encouraging. as we're lapping the comps from last year when we had both the Euros and Copa America. The UK and BetMGM in particular exceeded expectations. And importantly, we also saw strong growth across many of our other markets. Brazil, Georgia, Spain, New Zealand, Canada, Croatia, all in double-digit growth. Our strategic priorities are clear and our focus on operational execution is now delivering the results. Our online business is now growing at least in line with our markets. And our growth is efficient and profitable because we are seeing EBITDA margin growth too. M10's transformation ...