Entain reiterates FY26 guidance as Brazil slump weighs on Q3 growth

15th Oct 2026 09:00

(Sharecast News) - Bookmaker Entain reiterated its FY26 guidance on Thursday as Q3 trading showed steady underlying momentum, though Brazil remained a clear drag.

Entain said group net gaming revenue rose 2% on a constant‑currency basis, with online up 3% and gaming up 8%, partly offset by customer‑friendly sports results that knocked sports 3% lower. Excluding Brazil, online NGR grew 5%, with volumes up 7% and year‑to‑date online growth running at 8%.

The FTSE 100-listed firm's UK & Ireland unit delivered another strong quarter, with NGR up 14% online and 3% in retail, helped by continued market‑share gains and robust gaming demand. Although New Zealand, Spain and Canada also posted double‑digit online growth, Entain said international markets were softer overall, with NGR down 4% as Brazil fell 36% amid disciplined marketing and the immediate online gambling ban announced on 25 September.

Entain also noted that retail slipped 2%, reflecting positive volumes but weaker sports margins. It said adverse football results created a 1% to 2% sports‑margin headwind, implying a 4% drag on online growth.

The group maintained expectations for 4% to 6% FY26 online NGR growth, excluding Brazil, and underlying earnings at the lower end of the £910m to £960m range. It also continues to expect £500m of annual adjusted cashflow in 2028.

Entain added that the phased exit of Entain CEE remains on track for Q4, while BetMGM reaffirmed its FY26 revenue and EBITDA guidance.

As of 0900 BST, Entain shares were down 2.34% at 434p.

Reporting by Iain Gilbert at Sharecast.com

See latest RNS on Sharecast