Entain has reported its interim results for the six months ended 30 June 2022, as well as announcing the acquisition of SuperSport in Croatia.
The group has posted revenue of £2.1bn ($2.6bn) for H1 2022, a 19% increase from the prior-year period. Group EBITDA climbed 17% year-on-year to £471m, with group profit after tax from continuing operations amounting to £28m, down £63m.
Entain noted that the “robust group performance” during H1 reflects the “diversified business model and underlying momentum of the online business.”
Total group net gaming revenue (NGR) grew by 18% to £2.1bn, but online NGR reported a 7% decline, which reflected “strong prior-year comparators driven by Covid lockdowns, temporary closure in the Netherlands, affordability measures in the UK and customers responding to the economic backdrop.”